Valorous Halcyon

For the past one month or so, I have met five insurance agents to check out the quotes offered by different insurance companies. The first trigger point that caught my attention was the realisation on my need to be covered financially should anything undesirable happens to me in future. We champion the liberty to choose. The more choices we are given, the more freedom we have. But the truth is this: the more choices we are given, the more we are unable to make the best decision. I don't know about you, but I get confused by many choices opened to me. This can applies to everything under the Sun: insurance policies (which in Malaysia are almost identical all credit to strict regulation set by my beloved employer), credit cards, unit trusts etc. You get the point. Then mental block kicks in. I can't choose. All insurance policies offered to me were almost identical. They can't deviate too much from one another, else my employer will start sending letters to warn them...

Something I have been looking into these few days are life insurance policies. I was doing research as on which life insurance policy should I take up, but most insurers' websites do not provide quotes directly so it was difficult for me to calculate whether the policy is fairly priced or not. I've made a few appointments with some insurance agents and will get direct information from them next week. But not until I stumbled upon this website called UforLife , a platform offering instant quotes for life insurance policy, insured by Tokio Marine Life. No doubt it offers one of the cheapest quotes for similar amount of sum assured, but having calculated the future values (opposite of present value) of all these monthly premiums paid throughout the years until 75 years old, I realised something... Let's look at some simple calculations I've done on Excel based on these few assumptions for simplicity sake: Assumptions: 1) Inflation rate...