No... if you care to take a look at most insurance policies, 20
years old ++ is actually the perfect age to buy insurance... you
are at your prime, no giant commiments yet and insurance prices are
at the LOWEST with maximum coverage... but as you get older, the
policies are more expensive...
If you want to get insurance, must buy early and young... same
with saving for the future... My Senior staff told me, most
Singaporean don't know how to use their money and when to start
planning for retirement... Many Singapreans decided to start
planning for retirement around 40 years old... by then they only
have only 10 - 20 years to save up for retirement... compared to
those who start planning at 25 years old, thay have an extra 15
years of saving...
sure, you are entitled to your opinion. singapore is `insurance
crazy'. the industry has managed to brainwash the citizens into
this insurance frenzy.
there are alternative thots on this. if you care to read up
about it.
if you have a family or dependants, it is a different story.
i wun go into the longs of it, but you believe in it, it is all
good (too).