Greetings

Greetings to you.

Year 2012 is coming to a close and may I take this opportunity to wish you and family joy and health.
The year past so quickly and surely there are ups and downs that we encounter along the way.

Perhaps I have not been writing as often as I should, which is not good for keeping in touch.

Just to share with him, my father in law, age 83, had a brain haemorrhage a month ago.
When a love one is down, concern and love are always shown, but at the same time, behind the head will be cost. Thankful he is on IncomeShield Plan C. Well, it may not pay for all the cost but the least we know is it will cushion off the cost.

I have come across many times, older folks giving up Shield Plans because premium has reached quite high, for reason that their medisave may not have enough to pay the premium or they feel it is too much to pay. I would encourage that we look into our older folks' Shield plan to keep it inforce incase when needs arises.

I always am thankful that my own mother has IncomeShield I took up for her, she is now age 79 and kidney failed and has been on kidney dialysis for past 5 years, CUSHIONING my family a big cost in dialysis fees with IncomeShield.

Whether this is a sales talk or otherwise, I leave it to you, I always advised, whichever insurer you are comfortable with, please take up a Shield Plan with any one insurer.

Interest environment is also low, thus Endowment plan seems attractive now with decent yield.

Many also have not understood SRS, Supplementary Retirement Scheme despite me updating each year.

My intention to write is not to soft sell, but if you have a need or query, am thankful that you have always contacted me.

I will be away 15 - 25 Dec spending some time with my family, and I wish you and family all the best in the year to come. While away, I will try to check email if there is access.

I did a presentation on 23rd June 2012 at Singapore Cancer Society Forum on importance of insurance in Mandarin.

Two considerations are :

钱不是万能
没钱是万万不能

Money is not the ultimate but without money, it is diffuclt. In event of unforseen situation, one can be a burden to family and relatives and friends. How have we plan to cover our life and medical cost ? Dying is not the ultimate but will we leave behind a debt for family that lacked our support when we pass on.
 
爱的代价
有心无力
 
When our loved ones need medical attention, will finance be a problem ?
I have put up many examples of medical bills in this blog for reference. There are so many insurers offering the integrated private medical plans, do not compare until cow come home and still comparing.
 
Importance of insurance can be written and spoken, but if one will not take action, one will only realise it until it is too late.

I am glad that many visit my blog everyday. This blog serves to educate. Some wrote to me with loads of questions which I have to answer in specifics and in general refer them back to their own agent. My principle is that every policyholder should establish a good relationship with their agent. Service seeks mutual understanding for long term benefit. I get my fair share of complaints too and relationship with clients have to be terminated. Same time, I appreciate clients who trusted me all these 24 years I have been in this profession.

Kidney Dialysis Bill

This is my own mother's monthly kidney dialysis bill covered by IncomeShield Plan B.
Thrice weekly dialysis can cost up to $2700 a month, and IncomeShield Plan B covers $2000 for dialysis and up to $400 for eryprotein injection. Without IncomeShield covering kidney dialysis the financial impact will be a burden.

Private Medical Insurance

Sorry for those who contacted me, I always encourage one to go with their current agent to establish a relationship for the future.

I have been in this for 24 years and lots of misunderstandings from those who takes IncomeShield only and along the years when claim arises, when one do not understand deductibles and co-insurance, agent is always accused of not explaining.

I am also thankful for those who are quite understanding.

IncomeShield,PruShield, HealthShield, SpremeHealthShield, MyShield are all essential hospital and surgical plans that will meet the needs of each person in their lifetime and is the most basic necessary plan. As this is paid by Medisave, only one plan will be approved, so whichever insurer one has confident in, please take one before it is too late.Take it when you are still healthy and not until it is too late.

One can take it for their children, spouse as well as their own ageing parents. Cost is low. We need to be prudent in such planning. Even if one has no need of it, it is a peace of mind. My own mother on kidney dialysis is covered by IncomeShield. As I use to mention in my blog, do not compare until cow come home, take any one you are comfortable with first.See more

Gathering your earthly treasures

Have you considered to draw a spreadsheet and input your assets?

This may be good as you will then know what you have and where they are. You can can draw out templates for insurance, bank balance, CPF, investments, etc.

You can also draw a time line to mark out the important milestones, where your assets matures or time expected to liquidate or reap the investment returns.

Frankly, other than gathering and organising the assets, in event of unfortunate situation, at least the family will have easier time tracing. Just a practical tip.