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A life insurance effected against my will
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My late wife insured my life for ￥20,000 before her death despite my opposition. When she died, I received ￥10,000 insurance for she had been insured against death. She also carried ￥40,000 life insurance for son. When she was alive, she took charge of paying the premium. Then I took it over without clearly knowing what benefits the several kinds of contracted insurance could bring about. The other day when I found I have to pay the insurance upon my life for another decade and son's for two more decades, I decided to surrender our insurance policies for an immediate cash payment because I think so much money would be wasted if we are safe during the periods insured. Immediately I rang up one of wife's aunties, who once persuaded her to cover as a clerk of the Pacific Insurance Company，and expressed my intention with emotion. Knowing that I would suffer great losses if I carried out my plan, I changed my mind helplessly.
Post comment Comment (3 replies)
- Reply 3rdquarter99
- There actually exists some type of simple insurance products from commecial property insurance company, not life insurance company, it's your choice to decide whether you want to have contract again when the one-year deadline comes close, life insurance requires that you have to sign contract again unless you surrender, with these fixed-amount products of property insurance company, you no longer worry about the medicine expenses, and other related expenses of individuals injury, you pay only fifty or one hunred yuan a year as premium, once insurance accident took place, they will pay your damage within fixted amount. you can consult through telephone number 400-1234567 or 4008-000000.
- Reply sunnyv
- Oh... you are an insurance agent. Hope you are doing good business.
3rdquarter99: There actually exists some type of simple insurance products from commecial property insurance company, not life insurance company, it's your choic ...
- Reply sunnyv
- Actually, buying anything requires scrutiny. Give and take. It all depends on whether you need that insurance or not or whether you can afford it.
There are people who have loads of insurance. They insure medical, car, house, accident, travel, child education, death etc etc. In the end, the premium payments eats away a big chunk of your income and the insurance gives little in return. Medical insurance for example, it is only when you are seriously ill that you realize that your policy does not cover you sufficiently and you still need to pay from your pocket for proper treatment. As far as I am concerned, I would rather save that money in my bank, invest it and use it for emergency.
Think it over, if the insurance gives you proper cover, then continue with it and if there is little chance that you can benefit from it, discontinue with it,
