In case for Living Benefits
1. At least 100k immediate Medical Hedging Fund after 60 days.
2. Against inflation rate, increase in the fund 2nd policy year onward.
3. Option to buy-back the death benefit.
In case for Saving Benefits
1. Force saving similar to EPF, to enhance your retirement fund.
2. Tax relief,
(a) Portion 6k (Life insurance & EPF) : 100%
(b) Portion 3k (Medical insurance) : 60%
Q & A
1. If I not saving now, who would pay my salary, my car installment and home loan when I diagnose a cancer?
- Nobody.
2. If I not saving now, who would bare my living cost when I become old and older?
- Nobody.
3. Is it worth me not saving 4k now and facing 100k problem later?
- Definitely not worth because I probably seek help from 500 peoples whose would only donate 200 each.
Monday, May 11, 2009
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