Do you know that insurance is a big part of our lives? In one way or another, most likely we would have more than one insurance policy throughout our lives. Some policies were bought with a clear mind while others were not. We would have spent hundreds of dollars per month on insurance without knowing what exactly we have or will we benefit from it?
Instead of paying a hefty sum on insurance premiums, there are ways to pay lesser and still get a higher coverage. You would be surprised many of us are actually under-insured even when we are paying so much for insurance premiums. Let's look at how this happens:
Paying A Lot Of Premiums but under-insured
Case 1: Buying too much endowment policies
You may have heard of endowment policies or even have one of these, but what exactly are these policies and how much coverage you are getting?
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