Food for thoughts

Today there is a client asking me what type of insurance is suitable for him.

My reply to him is very simple.

For instance, a single person his/her main concern would be for coverage against disability, critical illness and also most importantly a good medical insurance so that they wont become a burden to the parents or sibling(s). After ensuring he/she have sufficient coverage against all these, then we look into retirement planning.

A married couple with no kids, would be a good medical insurance for both of them and a plan covers Death, Disability and Critical Illness would be encourage to prevent becoming a burden to each other.

Married Couple with young kids, would be a good medical insurance for whole family as in the event of any family memebers admitted to hospital, the bills will eventually be a burden. Next would be a insurance plan, best taken during pregnancy for the little baby inside mummy wombs. These would cover if the baby happen to have any problems after birth. And also needless to say insurance coverage for both parents as they are the breadwinner of the family. After ensuring all these coverage for each member, then we look into education planning and retirement planning.

The reason why i keep emphasis insurance is important is not because retirement or education not important. Is because without you, there wont be any future DREAMS for your FAMILY n YOU!