Hefty Insurance Premium | ** An Anonymous Journal **

Saturday, October 24, 2009

Hefty Insurance Premium

My friend, T, told me that his insurance agent told him that he now qualifies for an upgrade to his insurance plan but for a limited time period only. T said that although it's a very attractive plan, if he were to get life and medical insurance inclusive of 36 critical illnesses until the maximum age of a hundred years old he would be paying premium to the tune of half a million dollars!

I thought that it's pretty hefty and wondered if one really needs that much insurance. How much is enough, actually? T said that he has to compare life insurance quote online first before committing to the new upgraded plan. It's not a short term financial commitment, you see, and because he is self-employed with no fixed pay at the end of the month, this commitment could be rather scary!


Post a Comment