Thursday, January 24, 2013

Unconditional love

In my previous article, I chronicled the life of Dad and wrote about his demise two weeks ago. In this post, I would like to share with my readers on a few reflections of mine. No doubt many of us are busy making money, but I think it is important that sometimes we pause down and reflect on events in our lives.

Importance of protection
I am not an insurance agent and I don't work in the finance industry. But you might be aware that in my previous articles, I have always encouraged my readers to insure themselves adequately. It is also important to educate yourselves on the type of insurance that best suit your needs. In my father's case, when he was healthy, he ignored the importance of buying insurance. It was only after he suffered from stroke, then he regretted and realised his mistake. By then, no insurers would offer to protect him because he was considered a high-risk personnel to insure. Even Great Eastern rejected his Dependent Protection Scheme and returned his pro-rated premiums. So do make sure you are protected adequately and purchase insurance policies when you are healthy. My view is that term insurance policies offers the best protection value because for a low amount of premium, you can be insured for a large amount of money. Don't waste your money on expensive whole-life or investment-linked policies. You are only fattening the wallets of insurance agents.

Quality time with family
A few readers wrote that they are making effort to spend quality time with their aging parents. I think that's good and commendable. Recently, I came across several online articles that mentioned that we should "invest" time with our family. I don't like the word "invest" because when we talk about investment, we expect returns. But we shouldn't view relationships with our family in terms of gains or losses. After all, our parent's love for us is unconditional, so why should our love for them be conditional? Very often, our parents don't need us to buy them expensive meals or gifts, they just want to have more quality time with us. So do make effort to spend time with your parents as they would not be with us forever. There are things money cannot buy and kinship is one of them. Now that I had become a father, I can truly appreciate this point.

Magially yours

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1 comment:

  1. I have to learn it through painful way on ILP and while Life. I have bought both of them. Sad!:-(

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