Time of bonding

A long time client called me yesterday out to buy me dinner, is more a friend after so many years. 18 years perhaps. Lately with a few friends and clients involved in claims, there is a need of a little emotional bonding.

She appear to me as a very nice lady who spot a crew cut to support her friend who undergoes chemo treatment, and when I met her at hawker centre I could not believe it was her and took my phone to call and it was really her. A supportive friend who will go the mile for a friend.

This morning paper in Mind and Body, a doctor wrote about her former nurse who succumb to SLE. Life is fragile, especially in mid-life, body start to break down or illness will set in. 

I am just thankful that what I do may just be able to provide a little peace of mind and help in term of expenses needed when such situation happens. Again, one should look into their needs and plan to meet the need and not want.

Are you prepared when medical emergency arises ?

Below this topic are a few recent bills of a breast cancer operation, muscle & tendon injury operation, chemotherapy and a cataract operation.

Appropriate private medical insurance like IncomeShield, and many other insurers' shield plans are a MUST have. As such plans are paid with medisave account, only one plan is allowed. All the plans have deductible and co-insurance, and these can be covered with rider plans as in the examples below. If Rider plan is added, it will mostly take care of the heavy bills.

The mistake is to give up such plan at old age, as the premium escalate. Many older folks, who have been healthy, simply thought they do not need the plan and since premium is high, they gave up the plans. I hope their children will understand the plan to takeover the payment of such plans. But fact is many also do not understand the usefulness of such plan and do not put much attention for this plan.

I have written a few topics on these if you scroll down to read them.

My recommendation will be appropriate critical illness plan and a basic essential Shield Plan.

Nobody wish to make insurance claim, but when a need arise, it is helpful and there is peace of mind that it can cushion off major bills.

Meeting essential needs

This month trying to assist in 4 cancer claim after concluding one. It has never been with so many happenings so far for my 25 years having to attend to 4 cancer claims within first half of the year. But essentially again, one should meet the needs and not the wants. Basic essential needs are protection and medical coverage. Savings and investments are not the basic essentials as a start. Many youngsters are not planning properly especially so when their peers are in this profession. Though I need to qualify my statement that not all young professionals are like that. This profession comes with passion and need to also survive the industry.