Before investing, it is always important to insure yourself. This is because you are the most important asset with the ability to generate income. Therefore, it is vital we insure ourselves against unfortunate events which may render us unable to earn income, in turn deplete our savings. Hence what are some of the insurances we should purchase at the various stages of our life cycle? Studying Years (Infants to University Undergrads) During this stage, the first thing to buy is a health insurance. This is because illnesses or accidents may strike us at any time and the medical cost to treat you can be costly. Should you be uninsured with a health insurance, the medical expenses may deplete your savings/investments and perhaps even your loved ones. For Singaporeans, we will soon be covered under a health insurance scheme called the Medishield Life. It provides us a basic coverage for our ......