tag:blogger.com,1999:blog-1603222303785259307.post966865244011265389..comments2023-09-23T21:52:50.905+08:00Comments on Health and Wealth: How much Critical Illnesses Cover???Khiat Han Hwee Adrianhttp://www.blogger.com/profile/00954307521105388372noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-1603222303785259307.post-62275867430484130722008-04-12T08:40:00.000+08:002008-04-12T08:40:00.000+08:00Adrian,You wrote "Unfortunately, the premium for s...Adrian,<BR/><BR/>You wrote "Unfortunately, the premium for such Insurance is relatively higher compared to a Critical Illnesses cover."<BR/><BR/>This is not unfortunate. The disability insurance has been priced to reflect the risk that the insurer has to take. Since the definition is broader, it is expected that the risks are higher for the insurer as well.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1603222303785259307.post-82382663031565566502008-04-04T00:41:00.000+08:002008-04-04T00:41:00.000+08:00You ask the wrong practitioner you get the wrong a...You ask the wrong practitioner you get the wrong answer. The practyitioner who gives a big figure becuase he wants to sell a big amount. And the one who gives a small one is one who is not sure. Sowaht is thr right amount? 3-5 yeras of family expenses or salary? Just like the one who thinks a whole life works better. he belongs to the kiasu? or husltler? or a malpractitioner?<BR/>Therefore it depends on whose side you are on, the client's or yourself. If you are on the client's you use your heart and if you use your head it is yours.<BR/>This is always the issue , isn't it?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1603222303785259307.post-91042249696373581492008-04-02T03:59:00.000+08:002008-04-02T03:59:00.000+08:00I agree with Wilfred that disability Income is bet...I agree with Wilfred that disability Income is better in covering the temporary needs in event the person is not able to work due to illnesses.<BR/><BR/>This is because that particular illness could be the 31st illnesses which is not part of the 30 and yet the person still can't work.<BR/><BR/>Unfortunately, the premium for such Insurance is relatively higher compared to a Critical Illnesses cover.Khiat Han Hwee Adrianhttps://www.blogger.com/profile/00954307521105388372noreply@blogger.comtag:blogger.com,1999:blog-1603222303785259307.post-55229984211031378632008-03-31T23:54:00.000+08:002008-03-31T23:54:00.000+08:00The right way to address "Temporary Needs" is to u...The right way to address "Temporary Needs" is to use Disability Income insurance which replaces most of a person's salary until his retirement. This assumes that the person is working at the point of illness.<BR/><BR/>Wilfred LigAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1603222303785259307.post-11778746586906930232008-03-30T01:55:00.000+08:002008-03-30T01:55:00.000+08:00Hey Jay, don't scare away my reader hor. haha.The ...Hey Jay, don't scare away my reader hor. haha.<BR/><BR/>The sinking fund provision is actually a simple approach. Get a Level Term for CI till retirement age. Accumulate via an investment fund at X%p.a till the level term insurance runs out on retirement. Inflation has to be factored into the sinking fund target.<BR/><BR/>When term matures, re-allocate assets into a Conversative portfolio which generally able to gives 3-4%p.a<BR/><BR/>Strong discipline is required to ensure the fund is separate from other investments or objective. <BR/><BR/>It is difficult to see through this discipline. I had adopted the Life Insurance approach myself.Khiat Han Hwee Adrianhttps://www.blogger.com/profile/00954307521105388372noreply@blogger.comtag:blogger.com,1999:blog-1603222303785259307.post-23143850694275179652008-03-29T10:28:00.000+08:002008-03-29T10:28:00.000+08:00I agree with the permanent need of approximately $...I agree with the permanent need of approximately $50k to 100k. <BR/><BR/>The term approach with a sinking fund is still more superior as the life insured may not be struck with either of the 30 dread diseases, but instead with another illness/disease that requires him to cough out some money that is due to the gap of his Shield plan. This is the approach I have taken.<BR/><BR/>However, I also agree that not many people will have the discipline to execute this strategy.<BR/><BR/>blackboxAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1603222303785259307.post-58194496865724602572008-03-29T09:56:00.000+08:002008-03-29T09:56:00.000+08:00Hmmm, lucky guy ,having attractive and sexy girl v...Hmmm, lucky guy ,having attractive and sexy girl visiting you.Wish, she visits my blog... Oh!!! i forgot I don't have one.... must set up one quickly ....Right, Val? Will you visit me? First blog, then the real blog.<BR/>Remember, my name is Jay.<BR/>ByeAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1603222303785259307.post-47284964706914471322008-03-29T01:26:00.000+08:002008-03-29T01:26:00.000+08:00Thanks for your encouragement. I'll continue to im...Thanks for your encouragement. I'll continue to impart my knowledge in laymen language to my readers.<BR/><BR/>Do drop into my blog when you are free. Cheers.Khiat Han Hwee Adrianhttps://www.blogger.com/profile/00954307521105388372noreply@blogger.comtag:blogger.com,1999:blog-1603222303785259307.post-70554917823966443082008-03-28T15:14:00.000+08:002008-03-28T15:14:00.000+08:00Hi Adrian, just wanted to say that i chanced upon ...Hi Adrian, just wanted to say that i chanced upon your blog n i really appreciate the informative n honest analysis of insurance n wealth planning products in ur blog entries. Cheers!val: i believe in me =>https://www.blogger.com/profile/13425135342910164135noreply@blogger.com