Mortgage insurance

For most people, buying a house can be one of the biggest purchase in his life and it would likely to involve a loan from a bank. So, what does that mean? That means now you have a lovely home where you can live, enjoy and grow your family. You will be proud of your home. But never forget, besides your home as an asset, it also carries a huge liability/debt.

When you are able to work, earn an income and pay the mortgage payment, everything is great. But what if something unfortunate happens?

Consider this scenario:
Husband and wife and 1 baby. Huband is working. Own a home worth $1 million. Bank loan of $800,000 with a monthly mortgage payment of $3,000.

In 1 fine day, an accident happened to the huband and he passed away. So what happens now? The wife will have to continue paying the mortgage, which means she have to find work and she have to find  someone to take care the baby. She will be burdened with the mortage payment and she will lose the quality time of raising her baby.

If you are the husband, is that what you want to give to your loved ones?

That scenario is only talking about death. But what if the husband is disabled or critically ill? The wife will even have more financial burden. Because not only she have to work to pay the mortgage, but she needs to hire a nurse to take care her husband and a babysitter for the baby. She will need even more money because now there are more expenses!

Now, with mortgage insurance your debt will be taken care of if something unfortunate happens. So you can own the home with peace of mind, knowing that your loved ones are taken care of and will not have to worry about the mortgage payment. GUARANTEED!

So let say the husband have bought the insurance, I would say that's great! But the wife is equally important to be covered too!

You can imagine if in the above scenario the other way happen (let say the wife is disabled or critically ill). So that means the husband still have to work and must find a nurse to take care of the wife and a babysitter to care for the baby. In this situation, wouldn't it be great if the husband can take time off from work and concentrate on taking care of his wife and baby without worrying the mortgage payment?

We never know where life takes us. Unfortunate events can happen to anyone, anywhere, anytime. So it is best always to be prepared for any situations. Husband and wife, please insure yourself so that both of you can have peace of mind. To me a home is something special for my family. I want it to be a place of joy and happiness. I will never ever want a home to be a financial burden to my family. What about you?


Cheers! Have a great day.

image from advicemortgages.com

Cancer by chance?

I just read this article recently in a newspaper in Singapore. It's great to see Dr Ang always sharing his experiences with us as it really opens up our mind about cancer. When you read the article, you will understand that every time there is a cancer seminar or talk, it will create a lot of buzz and draw a large crowd. Why? I can certainly understand. Because people wants to know more about this elusive illness. They want to know how people got cancer, how people can be treated, how we can prevent cancer, etc.

This is some scary stuffs, but we got no choice. Cancer have become so common that almost all of us know someone who got cancer. We just have to learn to be healthy and be sure that we are in the best condition to fight this illness if it ever come. Not only preparing physically and mentally, but also financially. Common cancer can cost us anywhere in between $100,000 to $300,000 or more.

"Pray for God's grace". That is how Dr Ang answer when a man asked what do I need to do to detect cancer early. It's because cancer have many types and only certain types are easy to diagnosed. Such as breast cancer through mammogram and colon cancer through colonoscopy. But for every other cancer, there is just no definitive check up that can be done accurately.

So what can we do? In my opinion, I agree with Dr Ang, we just have to pray for God's grace and prepare ourself to be healthy and in the best condition that we can, because no one know who will get cancer next. Someone will definitely get it and the number will keep rising. We just don't know who... and that is a fact.


Cheers! Have a great day.

Taking adequate insurance cover

The above articles are taken from Straits Times.

As you know, insurance are important. In fact many people know that. But it just that most of them are ignorant. They think it's expensive and it's complicated. They lazy to think about it and take action.

People like to take things for granted. Only until something unfortunate happen to them or to their close friends and families, then they realise how important it is to adequately cover them self and their family. Some times, it is too late.

So don't wait till it is too late. Plan now. Try read the above article to start you off. You will know that protecting your self and your loved ones is easy and it may not be expensive.

In my opinion, if you want to keep it simple. Just start by buying term plans (plan with no cash value and have a specific period of cover). Get a hospital plan with high coverage and get a life insurance plan that can cover premature death, disability and also critical illnesses. It's that easy to start.

So, no more excuses. Do what is right for you and your loved ones.

Cheers! Have a great day.

Cancer can be prevented!

Yes, that's what the news said. A study said that half of all cancers are preventable. To me, this is a really really great news! Because in my industry, you will see many cancer cases.

I shall point out the important facts and statistics from the article and you can read the rest from the link that I post below.

Things you should know (hopefully not just knowing, but doing it too):

1. Smoking cause 1/3 of all US cancer cases.
2. Overweight cause another 1/5 of all US cancer cases.
3. It causes US some $226 billion per year in healthcare expenses and lost productivity.

4. Exercising, eating right and refraining from smoking are key ways to prevent up to half of the total cancer deaths.
5. Humans are impatient, and that human trait itself is an obstacle to cancer prevention.
6. Other factors could be income gap, pollution, crime, poor transportation, absence of nearby supermarkets for fresh food, lack of parks for play and exercise, etc.

7. Lastly, one of the most important quote in the article I believe is this "If you watch your diet, exercise, and manage your weight, you can not only prevent your risk of getting many lethal forms of cancer, you will also increase your chances of doing well if you should get almost any form of cancer".

Cancer is a mistery. Nothing can guarantee that you will not get cancer. You can live as healthy as you want, but you may still get cancer. But the point is what the above quote said, if you are healthy you will increase your chances to get well if you get cancer. Do not give excuses anymore, do what you need to do to make yourself healthier.

So the number one absolute point here is this, be as healthy as you can! So that you can enjoy life and be in your best condition for whatever illness that may hit you.


Cheers! Have a great day.

Link: http://www.channelnewsasia.com/stories/health/view/1191875/1/.html