Non Typical FinBro

[Here are 5 insider tips for successfully making a claim on your travel insurance]

1. If you lose an item while traveling, file a police report or report it to the transportation provider at the location of the loss. This report is essential for making a successful claim for the lost or stolen item.

2. Before taking any items abroad, ensure that you have the soft or hard copy of the receipts as they are necessary for making a claim. Without them, only half the item's value may be claimed, depending on the policy contract.

3. In the event of a delay in receiving your baggage, obtain written confirmation from the carrier, operator, or their handling agents specifying the duration and reason for the delay.

4. If your baggage is damaged while in transit, obtain a Property Irregularity Report at the baggage collection area immediately after noticing the damage.

5. To claim compensation for a flight delay, first obtain written confirmation from the airline carrier that they will not be providing compensation. You can obtain this by emailing the carrier.

[FRIEND BROUGHT A-WARD PLAN BUT EXPERIENCES HELL]

With higher volume of patients in government hospitals, there’s a high demand for better wards coverages. This means there’s high competition for better care personal.

Sadly, from a case of a close friend of mine, he met with a accident (vehicle crash onto him while he’s cycling). He was admitted to government hospital. After his surgery in the ICU, he was not in the conscious mind. He sign a document, admitting him to B/C-Ward.

This is where his nightmare begins.

There’s numerous issues he voiced out to us:

1. Nurses are packed with patients & their schedule is very tight. He need to wait for 1 hour to be assisted to the washroom

2. B/C Wards are like oven. It’s was so hot that he’s perspiring every night, unable to have a good sleep

3. With overbearing pain & lack of sleep, he experience depression for his hospitalisation stay

4. Other patients are making noises, which affect his sleep

This goes on for 3 weeks. In his words, this is his living hell. Unable to rest in peace after numerous surgery. Fortunate for him, he’s recovering well.

In the end, he ask, if he can bring back time, he would have brought the cheapest & best hospital plan out there in the market, which have the 4Cs

- Quality of CARE
- able to access private Medical CONCIERGE
- Higher COVERAGE
- Better COMFORT for his hospitalisation

Hope his story, his sharing could assist us to understand what’s like to have a concrete “WHAT IF” plan for us and our love ones.

Are you’re looking to change to a better & cheapest option?

Non Typical FinBro Educational & Promotional content that assist on better alternative on Investments & Insurance

[Simple Planning to Prevent this from happening]

“To let you all know, for age 28 years old working adult, best hospital care, 1.9 mil coverage, is around $50 / month. Excluding CPF deductions”

The article reports that Melissa C. Koh, a Singaporean influencer, and her husband incurred $700,000 in medical bills for their late son who passed away after a battle with a congenital heart condition. Despite the high cost, the couple decided not to seek donations from their followers or the public. They expressed gratitude for the support they received and urged people to spend more time with their loved ones. The article also discusses Koh's decision to take a break from social media to focus on her family and her son's foundation.

Sorry to hear about this news, hope for speedy recovery ❤️‍🩹

https://www.8days.sg/entertainment/local/melissa-c-koh-late-son-hospital-bills-700k-no-donations-779466

[ WITH THE HELP OF INCREASING ABSD & INTEREST RATES, INVESTING IN HOUSING IS TOUGHER ]

As of 27 April 2023, Government had increased a few percentage points on ABSD. This means one of two things:

1. Investment in houses for rental will be harder to break even with additional cash needed to be use for ABSD

2. Interest Float Rates affect the monthly servicing needed for Investment Property

3. Rental at all time high currenly, there’s still very high chance rental income unable to sustain monthly servicing

WHAT IF THERE”S ANOTHER KIND OF PROPERTY?

SAME LOGIC, WITH REFINANCING, BUT TO TENENT HEADACHES & ALL THE FEES THAT COME WITH IT

If above does interest you, do reach out to our team to know more.

Are you curious what happend to SVB, Silver-gate & Signature Bank?

What really happend?

How does it affect us in the future?

We have wrote a detail breakdown on how it happened & my takeaways on this matter below.

https://www.linkedin.com/posts/josef-lee-8a49a5156_3-reasons-why-svb-sb-failed-how-does-activity-7046421576430325760-kmTP?utm_source=share&utm_medium=member_ios

ARE YOU OVERPAYING FOR THE BEST MEDICAL CARE?

Table below shows similar Plans from other insurers. Prices does not include Cancer Cover Rider (other than GE) & Daily Cash Benefits.

Of course, we need to check for illness coverage for each insurer.

For in-depth comparison, do reach out to us for a zoom / meet up.

DO YOU KNOW China’s Panda on loan to Thailand dies & Thailand need to have a insurance payment of US$ 435,000…

It’s an whole of life insurance that does not expires with age. It covers the loss of future income for China.

What about us?

Does our Coverage expires after age 65, 75 or 85 years old?

Does it cover 10 years to 15 years of our current yearly income?

Is there another alternative that can cover us affordably, till 100 years old (99% sure claim!!) ?

Actually there is, it’s affordable & covers full of life. More importantly, have more coverage than China’s panda of US$ 435,000.

[ STOCK OPTIONS & OUR WAY OF LIFE ]

For everyone that’s familiar / not so familiar with Stock Options, in simple terms, it’s alike a way operate like a insurance company in the stock market.

For Example:

Protecting against your holdings (Protecting our life & Health)

To be able to buy / sell assets on a later date with current demand (BTO, EC , Private Housing)

Cash reserves for rainy days / retirement (50/30/20 rule of life)

It pretty much act as the same as how we operate our lives. We are all chasing what’s best for us, in terms of the perks it brings & the cost saving we can get out of everything.

As we are progressing in life, no matter which stage we’re at, there’s always a change for us to find a better alternative, cost save, plan for the future & our love ones.

SUMMARY OF THE RECENT HOSPITAL PLAN CHANGES

DO YOU KNOW if you admit to Government Hospital / Panel Doctors (Medical Concierge), Premiums does not increase?

DO YOU KNOW Cancer Coverage changed from 100% (from old plans) to a limited coverage?

DO YOU KNOW for drugs to fall under Cancer Drug List, consumer cost must be below $9600?

There are lot’s of changes regarding Hospital Plans, Medical Benefits & Cancer Drug & Services Coverages.

If unsure, do look for your personal Financial Advisor / Can reach out to us to know more about the changes.

25 years old man working in singapore suddenly fell very ill and has been in & out of ICU due to Bacterial Infection. With medical bills racking up to $40,000, and only have $15,000 in medical insurance, his brother is forced to raise capital from others, delaying medical care.

Do hope this does not happen to anyone, but sometimes s**t hits the fan.

If it happens, are we well covered?

Are we actually overpaying for medical coverages?

There are lot’s of changes in medical coverages (aka hospital plan), are we getting the best for each dollar spend?

Airplanes have blackbox in case of emergency, we humans do need it. (Most important, not overpaying for it)

If you come across all this questions above, do reach out to your financial advisors / can reach out to us.

With all that said, it was disheartening to hear about this news, hope for a speedy recovery CKJ.