So then, what differentiate me from the Insurance Agents if I mysely sell insurance? My expertise is to create long term wealth and financial security. And unknown to some, Insurance is the foundation of your wealth enhancement and accumulation.

How so?

Can you insure your job? Yes sure...you are contracted....however, can you ensure on the survivability of your company. Lehman Bros had a long success track record...but over the weekend, It went bust. Such a huge bank, with good credentials and ratings.....going bust. Imagine that. How about AIG. The biggest insurance company in America, with a reputable record, was in the midst of collapsing a few weeks ago and caused major panic. So..what use is a contract if theres no job to work for in the first place.

My point is, anything can happen in life. Be it from market conditions to weather. You can never be so sure what tomorrow might bring you. What if you have a family to feed? Will you take the chance of leaving anything to 'chance' ? To not prepare yourself and the family on any disaster or calamity. Do you have the heart to see them suffer at the expense of your failure to anticipate calamity and manage the risk. Whats the point of saving so much and investing so much if all of that money is going to be pumped into your medical bills in the future due to some critical illness. Come on...we can even die from drinking milk nowadays. Can you guarantee that you wont get any critical illness? or can you guarantee your exact time of death so that you can save enough when you pass on suddenly? Hence I say, protection is the base of wealth accumulation.

But yan, whats the difference between you and the Insurance Agent, you still have not clarify that.

Ok...most people realise that insurance is a need. They are educated enough to realise that hey, I do need to plan for the future and this is one of the means. Its a need. Being under the IFA act, (independant financial Adisory), I am not product driven. I dont even have any products of my own to sell. We here in the IFA give professional advise on enhancing your whole financial portfolio which includes your protection. Some unethical agents sell for the sake of selling. I mean lets face it..if they were doing such a good job in the past, how come people still shun away at the mere mention of 'Insurance' . I'm not saying that all of them are bad, there are the good ones. However being a tied agent, insurance agent can only recommend products under their roof. Meaning to say that their advise is biased to the thing that they have. In the IFA, we can advise on a whole range of products available in the market. In short, clients are receiving wholesome unbiased advise to suit their needs. So in a nutshell, that is the major difference.

Ok, I see your point. But being a Muslim, I dont think it's right to put a price on my own life. I believe its wrong. An ustaz told me.

I would really appreciate it if you can share me the name and contact of this ustaz and I would like to consult him personally on what basis he is judging that on. Do not be misled. Insurance is never about putting a price on your head. Its about aiding your finances in times of calamities for example if you become disabled or suffering from critical illness. Imagine an individual who is 40, earning around 5K per month and have a a wife and 2 kids to feed. If he is to suffer from a critical illness in future, he will need alot of money to pay for his medical bills, or if he is disabled, who is to feed his family. In all, his family will be financially strained. What if he pass on? Who is going to provide that 5K for the family? Insurance is there to meet this needs. To help alleviate the financial burden. If Insurance is so wrong, then takaful should be wrong too.

What is tafakul?

In principle, the Takaful system is based on mutual co-operation, responsibility, assurance, protection and assistance between groups of participants. It is a form of mutual insurance (source : WIkipedia).Insurance works in the same way. However, what makes it not advisable (note its not stated as WRONG) for muslims is that it has a grey area to what investments that the insurance company is having. There is no right or no wrong. Its like when a muslim is in doubt of the purity of the food in terms of halal or haram. When in doubt 'jangan was was'. If a muslim is so particular regarding the investments the insurance company is having then I urge the muslim to transfer all his money into an islamic bank. Thats because believe it or not, the money that you put in commercial banks are invested. If not...why would they want to give you the 0.25% per annum. Thats just a minute fraction from the investment profit that they are receiving. So if you reject commercial insurance for such reasons, make a stand, change your bank. If you are so particular on where your money goes to, how about where your money comes from. Are you aware of your company's business partners? customers? are they in any form related to industries that we are prohibited to be involve in or subahat? What more with the new IR. With companies wanting a stake in that lucrative pie. So have you answered all these grey areas?

Insurance is more like ensuring that your responsibility is carried out even if you do not have the means too. Imagine if you have a wife. Does your responsibility to provide for her get discharged when you are disabled or ill? Yes you can go pass on and leave this world..but what is gonna happen to her? Who is going to help her survive?

But Yan...this are all fated.we must accept it..its gods will

Well yea....so try not to eat for a month then. wont you die? Is that gods will as well?

Thats crazy lah.of cos will die what. who so stupid dont want to eat...eat lah.

Then why can't someone plan for the future when he have the means to? Anticipate the calamity. If you fail to plan, wont you plan to fail? Rather than giving an excuse that it is all fate when you are sick and stuck on bed. Why not anticipate it and when such a time happen, you can be happy to know that you have prepared for it. What you do today is the result of tomorrow. True as Muslims we also have to believe in fate. But remember, God gives us a brain to think and actually map out our course in this life. The mother of a child suffering from cancer cant just say that 'oh its gods will, its fate' and let the child die. She will fight on and give her the best meds and make her survive or even get it cured (some patients can survive for a longer period after some operations to remove affected cancerous cells) Will she stop in helping cos she fear that its against fate? I dont think so.