Monday, 2 March 2015

Insurance solely for Wealth Protection

·       Commissions-based insurance
          - Long lost friends calling you up
          - Insurance advise given might not be objective or "free"
          - Understand what is Conflict of Interests

·       Hospitalization (Medishield) insurance is a Must
          - Include private hospital insurance and/or 10% co-payment
          - Not only for yourselves but also your immediate family
          - Hospital debts are not waived, even upon death

·       Term insurance (for breadwinner) and invest the rest

·       Self insurance (old movie scene of man on death bed holding biscuit tin full of cash)

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