Healthcare and Wealthcare

• Siddharthachen

  11 Jan 14, 14:32

  I find that most people today tend to think only about wealth accumulation.

  Yes, I understand that it is nice to see your wealth grow and to be able to enjoy the fruits of such labour.

  However, all of that can be wiped out if you forget about your healthcare.

  Therefore, I want to ask the question.

  How many of you actually think consider health a first priority?

• ILikeHippo

  11 Jan 14, 16:15

  Ya lo ya lo. As the saying goes, when you are healthy, any other things is your priority, but once you lose, only then will it become your first priority.
• Siddharthachen

  11 Jan 14, 17:10

  Problem is that once you lose, you will find it more difficult to actually purchase the necessary healthcare, especially since all insurance companies exclude 'pre-existing'

  I feel it is much better to get it as early as possible

• FireIce

  11 Jan 14, 20:33

  so u is selling insurance?

• M the name

  11 Jan 14, 22:59

  If you are so concerned for health, come and join more IPT or RT session, don't smoking or become an vegetarian, then you will become more healthy per day.

• Siddharthachen

  11 Jan 14, 23:36

  @FireIce:

  Yes, I am a Financial Services Consultant. However my job is not to sell, it is to advise. Healthcare is one of the most important things that anyone needs, yet it is not something that planners choose to use in their opening scripts. Prior to this job I was approached about life and savings plans...but not healthcare. Hence, I am hoping to find out more about what people think so I can shift the focus toward it.

   

  @MtheName:

  If you're in need of RT, you wouldn't be healthy lol

  I personally enjoy keeping fit, but even so, there are concerns that you cannot forsee. No one plans to get a massive leg gash from simply sitting on the couch (which did happen due to a sharp glass coffee table edge) and no one plans on catching one of the dread diseases. These things simply happen due to random factors and for that reason, I think it is still worthwhile to invest in healthcare.

  After all, my biggest investment is myself right? Unless you don't believe in yourself (T3T)

• M the name

  12 Jan 14, 00:50

  Originally posted by Siddharthachen:

  @FireIce:

  Yes, I am a Financial Services Consultant. However my job is not to sell, it is to advise. Healthcare is one of the most important things that anyone needs, yet it is not something that planners choose to use in their opening scripts. Prior to this job I was approached about life and savings plans...but not healthcare. Hence, I am hoping to find out more about what people think so I can shift the focus toward it.

   

  @MtheName:

  If you're in need of RT, you wouldn't be healthy lol

  I personally enjoy keeping fit, but even so, there are concerns that you cannot forsee. No one plans to get a massive leg gash from simply sitting on the couch (which did happen due to a sharp glass coffee table edge) and no one plans on catching one of the dread diseases. These things simply happen due to random factors and for that reason, I think it is still worthwhile to invest in healthcare.

  After all, my biggest investment is myself right? Unless you don't believe in yourself (T3T)

   

  I only know that the AIA company in Singapore almost went bust because their holding, AIG was badly affected by the Lehman Brothers crash and a lot of policy holders was queuing to withdraw their plan until MAS assured them it is still 'safe'. Therefore the only health policy I trust is government's medical subsidies like medishield if you want to know what kind of 'investment' I trusted.

• charlize

  12 Jan 14, 09:31

  

• Siddharthachen

  12 Jan 14, 10:54

  Well actually, AIA was never bust. It was a misconception since it was their parent AiG which had money troubles. They sold off AIA in order to recover their capital. That is why we are now completely stand-alone.
  
  Government medishield is great, but I recommend you read this article:
  
  http://the-truth-about-insurance.blogspot.sg/p/medishield-life-private-shield-plan.html

  Medishield is not enough if you wish to receive the best healthcare treatment. Which is often what most people want to have when they are ill. You want to be well again quickly.

  Of course, if you do not trust AIA, there are other insurers out there. I would be very worried if you were only on government medishield, it is rarely enough.

• charlize

  14 Jan 14, 20:56

  I worry about my retirement in 50 years time.

• FireIce

  14 Jan 14, 20:57

  u live that long or not

• charlize

  14 Jan 14, 20:59

  Work until 90.

   

  Then enough to retire for next 5 years before kaput.