today, i have just come to learn of the most untimely passing of an ex-colleague who is in the prime of his/her life.
this person is in the late 30s, and has 2 young children and was diagnosed with early stage cancer approximately 5 years ago.
when i met this person 2 years ago, i was happy to know that the cancer was in remission.
therefore, this person's passing came as a rude shock to me which was totally unexpected as the road ahead seemed to be clear.
my comments:
having lost my younger brother to cancer, i can certainly emphatise with this person's family.
this person was under the care of one of singapore's (and perhaps the region as well) most well known oncologist. when the cost of the treatment started piling-up, the family could no longer continue with the same oncologist and had to be referred to the national cancer centre.
at this time, other than the grief, trauma and emotional up-swelling as well as trying to cope or come to terms with the loss of a loved one, there is the other perspective of the financial mountain that has to be faced. this is really significant as the family's (current and potential) income has suddenly taken a nose dive.
i do not know of the family's wealth protection portfolio but my sincere hope is that they already have a comprehensive financial plan in place should the unexpected turn into reality.
sell him a WL policy and that is how he ends changing his oncologist....money no enough.
ReplyDeleteMany will be like him....the sad truth that the so called advisers are salesmen in disguise and who are only interested in the commission and not the protection needs of their clients.
He should have left his dependents at least $1million considering the expensive oncologist he used.And this should be under section 73 to protect it from the oncologist raiding his estate.
ReplyDeleteIf he doesn't have , whoever the adviser should be sued to pay for the dependents' future living expenses.
A lawyer is reading this and is interested to contact the family to see if he can help the family sue the agent who might have short changed in his or her advice/recommendation.
ReplyDelete