BE VIGILANT! Health Uncertainties

Hello Fellow Readers,

Again, I'm a Financial Services Consultant to different nationalities here in Singapore. I also discuss the concepts of financial planning. 

Thank you for the support and appreciation in my previous blog about opening the eyes of many people of how much can a normal hospital bills here in Singapore can be.

Recently, a company released a claim to regarding Breast Cancer.

Name and details about her will not be disclosed.

This person is a healthy individual who did not even realize she has BREAST CANCER until it went to its critical stage with just a simple Lump.

Below is the snapshot of the cheque sent to her amounting to $254,138.31

Why do I show this to you???

To show you that CRITICAL ILLNESS is common nowadays and it can happen to any of US. The chance of getting cancer right now is getting higher year by year. But the symptoms are not visible most of the time unless you go for a regular health screening.

Many times people who get into this kind of trouble have little or don't have an Insurance coverage for the lost of income and to fund the on going medical treatment which costs very high.

IT WILL BE SEVERAL TIMES HIGHER THAN YOUR NORMAL MONTHLY EXPENSES.. 

IT MAY ALSO RESULT IN BEING JOBLESS WHICH MIGHT SACRIFICE YOUR HARD EARNED ASSETS. 

Where will you get the money for this?? The best tool for this matter is thru Insurance. 

COMMON WAYS TO GET CRITICAL ILLNESS INSURANCE
1. Standalone Plan or Solely - Can buy alone just like a term insurance
2. Whole life plan/endowment -These policies are suitable for people who wants savings in a form of non guaranteed cash values.
3. Investment Linked Products (ILP)- Suitable for people who wants to have investment and insurance at the same time.

Good thing about this whole life and Investment linked product is that it generates cash values which can be withdrawn or keep inside the policy to generate more value for the rainy days.

Not having enough critical illness coverage is critical to one's portfolio. It will expose us to threats of losing our hard earned assets and welcoming emotional and social difficulties should we got diagnosed of those serious illnesses.

There are ways to reduce the risk of getting ill. Healthy diet, exercise and eating healthy foods can reduce the risks tremendously. But this does not guarantee 0% risk free.

There's a lot of critical illness that might strike any of us. Other famous serious illnesses are Stroke and Heart Attack.

PLEASE CHECK YOUR FINANCIAL PORTFOLIO.

THEN ASK YOURSELF, IS IT REALLY ENOUGH???  OR DO I HAVE A COVERAGE FOR CRITICAL ILLNESS?? AM I FINANCIALLY AND EMOTIONALLY PREPARED FOR THIS IF ANYTHING WERE TO HAPPEN?

If your answer is no or not sure, best is for you talk to a Licensed Financial Services Consultant.

Check what can be done for you.

Cheers!