Comments on: Do You Want To Be A Millionaire? http://www.helmihakim.com/investment/do-you-want-to-be-a-millionaire/ Investment Advice, Financial Planning, Singapore Sun, 11 Mar 2012 05:11:28 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Helmi Hakim http://www.helmihakim.com/investment/do-you-want-to-be-a-millionaire/comment-page-1/#comment-3491 Helmi Hakim Sun, 21 Sep 2008 01:43:29 +0000 http://helmihakim.com/?p=311#comment-3491 azhar >>> There are 2 types of insurance. 1) Whole Life Insurance Insurance which has a savings element in it. We usually place the existing cash value of that insurance policy,in the Cash/Near Cash Assets. 2) Term Insurance Term Insurance are cheap premium that gives high coverage. Term insurance do not have cash value. You will see this at you cashflow statement,as a "Fixed Outflow". Hope that helps! :) azhar >>> There are 2 types of insurance.

1) Whole Life Insurance

Insurance which has a savings element in it.

We usually place the existing cash value of that insurance policy,in the Cash/Near Cash Assets.

2) Term Insurance

Term Insurance are cheap premium that gives high coverage.

Term insurance do not have cash value.

You will see this at you cashflow statement,as a “Fixed Outflow”.

Hope that helps! :)

]]> By: azhar http://www.helmihakim.com/investment/do-you-want-to-be-a-millionaire/comment-page-1/#comment-3488 azhar Sat, 20 Sep 2008 17:53:44 +0000 http://helmihakim.com/?p=311#comment-3488 Hi, basically networth = assets - liabilities. I dont know whether insurance can be placed under assets or liabilities, cos some insurance is something we put our money away for something that is not promised to get in future, but just for protection case. This is not some kind of savings insurance. Pse advise, Helmi, cos I know MANY of us will have this doubt. Hi, basically networth = assets – liabilities.

I dont know whether insurance can be placed under assets or liabilities, cos some insurance is something we put our money away for something that is not promised to get in future, but just for protection case.

This is not some kind of savings insurance.

Pse advise, Helmi, cos I know MANY of us will have this doubt.

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