Protection & Coverage Essentials

Every family deserves to be healthy and live comfortably. We strive to work hard to provide for our family. On average, in Malaysia, we work till age 65(if we can surpass health by this stage). Unfortunately, Malaysia's life expectancy is declining as the years goes.

So what are the top 7 killers in Malaysia?

• Cerebrovascular diseases (stroke)
• Ischaemic heart disease.
• Lower respiratory infection. (Lung Disease)
• Road traffic injuries. (Accidental Death)
• Chronic obstructive pulmonary disease. (COPD)
• Diabetes mellitus.
• Trachea, bronchus, and lung cancers.

The cost of medication is no joke at all. It is skyrocketing as the cost of medical and its related components tend to incline. For any critical illnesses, you should have at least 4 years of annual income to cover the cost(you can do your math). If this amount is ready and available in your account or immediate expanse, then you are considered covered. But let's not forget the factor of inflation over the course of years. So what can you do?

This is where you need protection of income and a safety net to clear your medical bills, and assets debts and provide cash flow for your family. It's not just sufficient to purchase coverage over the phone or online without knowing how it works. Most of us seek convenience to purchase online, without reading the fine print. This is where you need an Agent to guide you on the understanding of policies and how they work in times of need. All insurance policies need to be included with riders.

Riders work as additional workers to complete and complement the policy. Specific riders will waive the policy premium in the event of unwanted circumstances. While others provide security of income to sustain your family members.

Bear in mind we can invest and accumulate wealth as much as we can, but the underlying structure would be protection, this should be your first investment. If yours are not as the above, then you have big things to be worried about. For the rest, you may consult me. i can guide you to establish this pyramid for you and your family.

I am Kugan Ausuvalingam,your family wealth planner.

#finance #insurance #protection #care