Continue Being Your Family’s Hero With This One Policy
When it comes to milking the benefits of personal finance, Malaysians are far from it.
More than 60% of Malaysians only have enough savings to last six months and about 75% have no emergency fund; the rising cost of living being the main culprit.
Worse, four to five of every 10 Malaysians do not have life insurance, and 90% of Malaysians with life insurance are underinsured. This means those who do have some form of life insurance lack sufficient coverage for their loved ones.
A functional life insurance policy is one that is long term. The rule of thumb is 10 times a person’s annual income. So, for example, if your annual income is RM192,000, then you are looking at a sum assured of about RM2 million.
If you are the breadwinner of the family or someone who is relied upon to pay off big-ticket items such as a mortgage or education loan, purchasing a high life coverage is justified when you consider the context – leaving behind a sufficient amount for your family to rebuild their lives and for your children to be financially secure.
To get started, consider Zurich FlexiLife Premier. Some of its perks include coverage up to 100 years old and life protection of up to 500% of the current sum assured. It’s also the one policy that protects you according to your financial needs.
Why bother, you ask? Because that’s what heroes do – they put others ahead of themselves even after they’re gone.
To know more, get in touch with Zurich Insurance today.