Buy term insurance

This insurance buying “philosophy” has been preached many many times by some of the top personal finance gurus and authors, especially those from foreign country. What I am talking about is the technique of buy term and invest the difference (BTID). I haven’t written anything about it, yet. Mooi (a blog reader and a regular forum contributor) actually asked this question in the forum. There is a very interesting discussion. You should really take a look at the forum post about what we’ve discussed so far. In this post, I will share my view about the reality and practical part of making use of this well-known strategy. Story about Jack and Marry Jack and Marry are...

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Leave nothing to chance! Check for these 4 things when buying a term plan. It was that time of the month again! It was time to pay the monthly bills. That evening, over a cup a coffee, my wife and I sat down to figure out our expenses. We wanted to know, where does the money go! Here’s a glimpse… Contemplatively looking at the list of expenses, my wife anxiously asked, “Hardly much is left, isn’t it?” “I know,” I said, “But I have been thinking. We really need to buy insurance.” “What! Are you serious?” she said in a vexing tone. “Don’t we have enough expenses already? We will think about insurance later” Trying to make a point, I said, “For a moment, just think if something were to happen...

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