A busy week for me

Sorry for the delay in updating my current blog. This week have been a busy week for me. Attended my BIL wedding on Saturday at a very nice outdoor place. And yesterday my Uncle (mother's side) was admitted to hospital at SGH.

I am sharing a medical condition which my uncle might be having. Which is Pneumonia, a condition of lung infection. Which is different from Bronchitis. Bronchitis is an inflammation of breathing tube. Currently Pneunomia is the 3rd killer after cancer and heart disease in Singapore. Anyone can develop Pneumonia. However people with Weak Immune system are more prone.

A patient will usually typical symptons like High Fever, cough and foul looking sputum. If the condition is extensive, the patient might complain shortness of Breath and Chest Pain will usually worsen with breathing and coughing.

People with such condition might seek consultation from Doctor with immediate for advice.

Hopefully my uncle will be fine after today Operation. God Bless

DI or PPF?

After the previous entry, I have been thinking of stuff to blog it down to share information with all of you. And finally I have come out with the hottest topic previously whereby MAS have set in to protect policyowner. THE PPF scheme (Policyowner Protection Fund Scheme).

You can find out more information under PPF scheme.

Hope the above link can help you to have a better understanding between the Deposit Insurance Scheme (from the Banks) and the PPF Scheme (from the Insurance industry).

Post Holiday

Finally after a week of resting and travelling, I am back in Blogging again. Sorry for the delay in updating my blog for this entry. I went for a holiday trip in Hongkong with my friend. If you interested to find out more about my trip, you can visit my another blog.

I am going to update more information about Defination of Illness next week during my working day. Have a Great weekend Ahead. Going to attend Wedding Lunches and dinner today.. Another stage of Life which require Financial Planning. ;P

If you guys have any enquiries or wished to know particular issue, you can put up in my chat room. I would try my best to gather information for you.

Seminar Day Financial Planning

Back to updating my blog again. Today my Agency had a seminar regarding about CSI. Which is Coverage, Savings and Investment. Is actually a Financial Planning seminar whereby we touch on what are the defination of individual coverage and its importance.

Although it was the second time our agency organise Seminar but today's one was really a successful one even though the turn up rate was not as good as expected (maybe due to Rainy noon. Definately the 3rd run seminar on different topic will be a fantastic one. ;P

If anyone happen to be interested to attend financial seminar, do drop me a msg at my chat box to keep in touch.

Term or Investment?

After the long weekend, I am back to Blogging. Sorry couldnt get much time to furnish my blog with information.

Recently, I help one of my client and her husband to do a Policy Summary. After completing the Summary, I re-explain the whole insurance thingy to him. I can say most of his policies are Trad type. Which is Endowment and Life.

Therefore I suggest to him to do a restructuring of his policies. Actually policies upgrading and updating is Important. Cos in the past, people are more conservative towards investment. However, now most of the people I know have either trading or investing. Which is the way to outbeat Inflation and really gain capital appreciation.

Now i understand most of the people either buy term invest the rest or getting a pure investment life policies. I always think that either way is correct. Cos Term plan is the cheapest insurance you can find, and you can use the excess money to do investment.

Example @ age 30 male non smoker if you only have a budget of $200 monthly,

Term Life covering LIFE till age 75 yrs old. The monthly premium is $120 monthly, the rest of the premium you can saved up first then do investment. (sound funny isnt it? In that case you will loose the opportunity costs)

For Investment Life covering Life for WHOLE LIFE, Critical Illness for WHOLE LIFE etc. If the monthly premium is $200, it can covers you around $100k for LIFE and Critical Illness.

The above is just an illustration. Premium varies and coverage varies for different ages and gender.

In the end, my client prefer the 2nd choice as he prefer the best of two world which gives him coverage and the potential return from the investment. Conclusion, constance contact and review with your consultant is important.

Have you done?

Recently quite occupied with my client stuff and did not get a chance to update information in this blog.

Today topic I am going to share on will be Estate Planning. Although currently in Singapore Estate duty are being removed. So we just take it as a General Knowlege ;>

"Nothing can be said to be more Certain except Death n Taxes" quoted from Benjamin Franklin. The concepts the average person does not like to dwell on with good reasons.

To most of the layman people, estate planning are simply making Wills or trust planning. However in reality, estate planning are more in dept as it is a ongoing process to prepare and manage the disposal of the assests in his/her incapacity or Death.

The procedure are as follow,

1> Estate accumulation, this is where a person have to make sure that there is sufficient wealth left behind for their loved ones when ones passed on. Under this procedure, normally Insurance is a powerful tool as it creates an immediate tool with minimum saving. Example, a healthy man 30 yrs old non smoker, invest a yearly $6000 amount in a Wholelife policy, imeediately he have $300k coverage. And assuming 1 year he passed on with his policy inforce. His family member will have a immdeiate $300k which is a leverage 50 times of his amount payable. What kind of investment can provide this form of assurance and the value of the deceased's estate?

2> Estate Preservation, this part is whereby you have to minimise the leakage of any cash of assets from your estate. For example, if you are holding oversea estate or citizhensip from some countries where estate duty may apply to its people. Therefore consideration of putting Trust or transfer assets into it may be prove useful in minimising the death duty. However, this might not be applicable to everybody. In order to avoid the hassle and of the trust setup, incorparating suitable insurance policies for your estate can prove useful. It helps by using the insurance payouts to shield your estate value from severely eroded to pay for the expenses "realted to death"

3? Estate Distribution, before distributing your estate your family memeber have to take into account expenses such as medical bills incurred prior to death and also funeral expenses, personal debts or loan etc. In some cases, family with no proper planning might have to sell off their residential property or investment to pay off the expenses. But with insurance planning, as it provide immediate liquidity for the estate and beneficiary and this lower the risk of dumping the property or investment during the inapproriate time.

Planning for your eventual passing on maynot be pleasant. Just like death and taxes ignoring it wont make them go away. Proper planning can enable your family and loved ones being taken care of when the unexpected happens during the night.

Balance Sheet In LIFE

Balance Sheet is what normally associate to Company expenses and what Accountant Do? But in Life each and everyone of us are also accountant of our own Life Company..

Our Birth is our Opening Balance!
Our Death is our Closing Balance!
Our Prejudiced Views are our Liabilities
Our Creative Ideas are our Assets

Heart is our Current Asset
Soul is our Fixed Asset
Brain is our Fixed Deposit
Thinking is our Current Account

Achievements are our Capital
Character & Morals, our Stock-in-Trade
Friends are our General Reserves
Values & Behaviour are our Goodwill
Patience is our Interest Earned
Love is our Dividend
Children are our Bonus Issues
Education is Brands / Patents

Knowledge is our Investment
Experience is our Premium Account
The Aim is to Tally the Balance Sheet Accurately.
The Goal is to get the Best Presented Accounts Award.

~~~~~~~~~~~~~~~~~~~~~~~~~

Some very Good and Very bad things ..
The most destructive habit....... ........ ......Worry
The greatest Joy......... ......... ......... ....Giving
The greatest loss..................Loss of self-respect

The most satisfying work......... ........Helping others
The ugliest personality trait....... .......Selfishness
The most endangered species..... ....Dedicated leaders
Our greatest natural resource.... ......... ......Our youth

The greatest 'shot in the arm'........ .Encouragement
The greatest problem to overcome.... ......... ...Fear
The most effective sleeping pill....... Peace of mind
The most crippling failure disease...... .......Excuses

The most powerful force in life........ ........... Love
The most dangerous act.............................. .A gossip
The world's most incredible computer.... ....The brain
The worst thing to be without..... ......... ..... Hope

The deadliest weapon...... ........ .........The tongue
The two most power-filled words....... .... 'I Can'
The greatest asset....... .......... ......... ...........Faith
The most worthless emotion.... .......... ....Self- pity

The most beautiful attire...... ......... .........SMILE!
The most prized possession.. ........ .....Integrity
The most powerful channel of communication. ..Prayer
The most contagious spirit...... ......... ......Enthusiasm

Life ends; when you stop Dreaming,
Hope ends; when you stop Believing,
Love ends; when you stop Caring,
And Friendship ends; when you stop Sharing...!!!
So keep sharing .....

They Motivate Me, Hope they do on You..

Today I am going to share with you some Show which I gotten from when I attending a ABC course which is Awareness Before Change. And is really impressive.



Everytime I heard this Song, it really sadden me.. And make me motivated for the Ones Whom I Loved.



Miracle do Happens when You believe Hard enough to get it Happen.



This is the Song whereby I cam browsing through Some Motivation songs for myself.




Interesting true.. Life is Simple. Is just us Human complicates it.