You've Got to Do Whatever It Takes to Protect the One You Love

Happy February, and welcome back to Dave's Thoughts Show Newsletter. Today's newsletter is focused on "PREPARING FOR THE UNEXPECTED".

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PROTECTION PLANNING A-F

Written by Dave Loh

Protection Planning is all about "PREPARING FOR THE UNEXPECTED". A thorough protection review can give you peace of mind that you can still provide for yourself, your family, and your business following illness, injury, or worse, death.

There are many areas of protection to think about, let me share how to recognise protection you might need by using A to F distribution.??

A-Accidental Cover

• Reimbursement of medical fees resulting from accidents and consultations with specialists.?
• Temporary disablement caused by accident, providing you with an income.?
• In the case of an unexpected death, lump-sum compensation will be given to the family.?

B-Basic Hospital

• Private or government hospital and medical fees.?
• Medical fees before and after three months from the hospitalisation date.?
• Nephrons' consultant fees and medical fees.?

C-Critical Illness

• If you suffer from 30 to 37 severe critical illness stages, the payout will cover the loss of income during the recovery phase.?
• Statistically, 70% of the payout is caused by cancer and heart attacks and ? of the population suffers from this condition.?

"Financial planning is about more than just good advice or investment returns. It's about providing guidance you can trust"

D-Disability

• Whole life disability payout is used for medical expenses and cover living expenses.?
• Secure income of temporary disability.?

E-Early Illness

• If you suffer from early critical illness stages, the payout will cover the loss of income during the recovery phase.?
• As this condition is diagnosed earlier and with medical advancement, chances for full recovery is higher.?

F-Family Protection

• Providing family income security for dependants relying on the sole breadwinner income, which includes living expenses, liabilities, and the ability to support young adolescents until the age of independence and take care of them well in the event the sole breadwinner of the family is not around.?

Do you find this Protection Planning A-F helpful? I was hoping you could share your thoughts with me in the comment below.

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Thanks so much for reading this week's newsletter. I hope to see you on our next topic in two weeks time!

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Wishing you health and success,

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