Quote Originally Posted by 1D4LV View Post
bro yebo, i may have to disagree politely on the opinion that if you are single, you do not need life insurance.
life insurance is also for the protection of your income that you may lose if you get incapacitated or prematurely die. the latter is specially true if you are the breadwinner.

sorry dude... just voicing out my opinion.... not to flame.

i've seen young single people who just went to their insurance coverage when they got sick and had families whose single working child died.
IMO: i have to side Mr. Yebo...sabi nga ninya..if your young and dont need insurance..then stay away from MF with insurance..kasi its true...the return won't be as high kasi nga you pay for the premium of the insurance.

for the Thread starter...he will get into MF because he wants to grow his extra money..so...ang goal is to increase his capital/net worth...at a young age...and be it MF is for his extra funds...go for MF without insurance..i bet naman his regular work covers life insurance.....

This was also taught sa business school I went to..why invest in life insurance at a young age when you dont have dependents....its a waste of money..use that money to invest in other ways to increase net worth...for me..if single ka...life insurance will just be given to your..lets say parents..if okay naman parents mo financially...then..no need for that..just use the money wisely and invest it where you have a potential for more growth..

if you did well with your investments..then buy a separate insurance.

again..its my opinion lang.