Insurance is a COST or is an INVESTMENT 
It is no surprise that the medical bill cost RM100k. No one denies that medical cost is cheap, do you?
How long it takes to save up to RM100k? 
How long it takes for our investment to gain RM100k net profit? 
How much capital do we need to invest to gain RM100k net profit? 
In the investment point of view, we always said maximize the profit and minimize the cost. The question is, insurance is a cost or investment? 
We feel insurance is a cost because we reluctant to pay for the “unknown BAD incident’ but we are willing to pay for the ‘unknown GOOD incident”.
We feel insurance is a cost because the <WANT for joy> more than the <WANT not to be in trouble>.
We feel insurance is a cost because we deny all unfortunate but the unknown hope. We feel insurance is a cost because we are too optimistic over rational.
Likewise, is insurance an investment?
If it is an investment meaning, we start insurance plan HOPING/AIMING that we die early or we diagnose illness as soon as possible because this is where we can make the maximize profit and minimize the cost from the insurance company. 
For me, Insurance is neither a cost nor an investment, but it is just a TOOL toward achieving our financial goal.
If we still have the misconception toward insurance, all the investment that we have…I will call it toto/magnum . It is not planning but a GAMBLE. 
Maxine Chan
Financial Consultant,
EVOL Consultancy
EVOL Consultancy - Enhancing Value Of Lives 