Wednesday, January 31, 2007

Insurance For Autistic Children

I had applied Life policies for 2 Autistic Children with a large Insurance company in 2006. Both of them applied for a Whole Life Critical Illnesses Policy

1st Case - Mild Hyperactivity (Attached to Pathlight for 1/2 yr)
Result: Policy rejected. Offered with an endowment plan with TPD excluded + 30% loading
2nd Case - Asperger Syndrome (Studying in a local primary school)
Result: TPD excluded. 28% loading

Tried appeal with below arguments but was rejected.

1) It is estimated that Autism happens in every 1 out of 100 children with varying degrees. Many children many grow out of it into adulthood.
2) Autism does not increase the chance of Critical Illnesses.
3) It does not mean a excessive chance of TPD nor a 30% higher chance of death
4) Medical Sciences increase the higher incidence. It is not a rare condition.
Personally feel that the Insurance company was harse in the underwriting process.

There seems to be a lack of understanding of autism by the insurers.
They seems overly conservative. They put on a loading and exclusion regardless how mild the condition may be.

In time to come, I hope the Autism Association, Pathlight and the Relevant Ministry can look into educating the public and the various insurance companies. This is to help Austic Children get fair underwriting in future.

Wednesday, January 24, 2007

Reason for sleeping early

Hope to sleep early daily but seems tough.

9 - 11pm
Eliminating unnecessary toxic chemicals (detoxification) from the antibody system (lymph nodes). This time should be spent relaxing or listening to music. If during this time, a housewife is still washing dishes or monitoring children on their homework, it will have a negative impact on health.

11pm - 1am
Detoxification of the liver. Ideally should be done during a deep sleep state.

1 - 3am
Detoxification of the gall. Ideally done whilst in a deep sleep state.

3 - 5am
Detoxification of the lungs. There will be severe cough for cough sufferers during this time when the detoxification process has reached the respiratory tract. There is no need to take cough medicine so as not to interfere with the toxin removal process.

5 - 7am
Detoxification of the colon. Good time to empty your bowels.

7 - 9am
Absorption of nutrients in the small intestine. You should be having breakfast at this time, before 6:30am for those who are sick. Breakfast before 7:30am is beneficial to those wanting to stay fit. Those who always skip breakfast, they should change their habits. It is better to eat breakfast late at about 9 - 10am rather than no meal at all.

Monday, January 22, 2007

Missing out the Market boom

STI shot 72.3pts today to 3145.2. I'm caught by surprise.

I read a lot of articles telling us to stay invested and the chances of missing out the best investment days if we try to time the market. Somehow have to admit how true this can be at times.

I projected that the market will rise in early January and stay flat after that. I advised my clients to switch 25% equities into money market and bonds and wait for market correction. I also advised them to be wary of the stock market and take some profit.

I can feel the heartache over these few days when the stock market rise so unexpectedly and the stocks that I just sold, shoot up so much within 1 week.

Its indeed not easy to time the market. Should I stay invested, my portfolio could easily rose 3-4% within 1 week. Anyway, I still believe that a market correction will comes soon. The market is just looking for a chance. Have fun...

Saturday, January 20, 2007

Adrian's 2007 Resolutions

In my first blog posting, I like to announce my resolutions that I had set in 2007. This is to ensure that I will follow them through over the next 12 months. I want:

1) To create my personal website(Apr07) and blog(Jan07) to share financial planning issues, current affairs, personal interests and a glimpse of my inner world.
2) To be a Certified Financial Planner by May07.
3) To achieve stablised income of $2,000/mth or $24,000/yr by Dec 2007.
4) To achieve IPPT Silver in 2007. I failed my IPPT in 2006.

My resolutions are simple and achievable. I have to work doubly hard in 2007 and be more responsible for my family. I want to be financially ready for a family in 2008. Wish me good luck, guys...