Written by Chew Jing Xuan

Direct Purchase Insurance (DPI) refers to whole or term life insurance products with total and permanent disability (TPD) and optional critical illness (CI) rider that can be directly purchased from life insurers. We have addressed the pros and cons of DPI as well as where to get them so if you are interested in purchasing a DPI, here are some questions to ask yourself whether getting a DPI is suitable for you.

#1 Are you savvy enough to make an informed choice?

It may seem like an attractive idea to get much cheaper premiums for your insurance without having to deal with pesky agents trying to upsell you certain products you don’t really need.

However, let’s be honest with ourselves, buying insurance is not as clear-cut as it may seem – from comparing coverage benefits, to looking at quotes or even understanding the terms and …