Over-insured? Under-insured?

Let it be clear at this early: I am not an expert on insurance.

But I am deeply frustrated about people who think that all they need to achieve their financial freedom are life insurance policies. They may fall under the case of being over-insured.

I am also equally disappointed with people who has an insurance coverage way below their insurance needs and think that they do not need to increase coverage. They are what I call under-insured.

And they may sound arrogant when you talk to them.

Being an IMG Associate

Somebody asked me about being an Associate of the International Marketing Group or IMG. He specifically asked whether he can do it in part-time capacity.

For the uninitiated, IMG is a brokerage firm with primary goal of educating Filipinos about financial literacy. Its head office is in Makati but has several satellite offices/sub-group in major Philippine cities and in other countries. Mind you, it is too big a network to be a scam. And there is no promise of exaggerated returns. You have to do some thing to be compensated.

Anyway, part of my answer to the question is after the jump.