Term insurance has been hitting the headlines lately. A client, Mr. XxX, 34, called his agent to check about term policy. He plans to get 20-years term insurance of RM 500,000.00 to protect against Premature Death or Total Permanent Disability (TPD). He started thinking hard about the subject earlier this year, when his second child was born. Why suddenly he need term insurance? Because he thought, ‘what would happen if he become permanently disabled and die suddenly?’ He said. He took himself out of the family, and said what he saw was not very rosy. He saw his wife and children suffering emotionally and financially. Term life insurance or term assurance is life insurance which provides protection against Premature or Total Death and Total Permanent Disability (TPD) at a … Read entire article »