Are you under-insured?

I understand that many people have a very good existing arrangement (good policies) on hand.. But do you have your Financial Health check-up done regularly?

Your personal goals, lifestyle or circumstances may change. So do your needs for protection, savings and investment. It is therefore important that you review and update your financial plans regularly to make sure that they are aligned with your present and long term goals and needs..

Don't think that whenever an insurance agent want to meet you, he or she will ask you to take up any of the product...Be open minded.... Since January 2001, all financial advisers have to go through a needs analysis process before recommending and selling an insurance policy to their clients..

Based on the information provided, the needs analysis helps your financial adviser make particular recommendations, including the types of riders and policies that are most suitable for you.He should give you a detailed explanation of the costs or expenses involved and the features of the recommended products...

However, that does not mean your adviser should act alone in the decision making process.. As a customer, you have to play an active role in determining your own financial needs...

Think Long Term...
Once you have selected and purchases a suitable policy, you will have the peace of mind in knowing that you have paved the way towards your financial goals...

Do get an updated information from your advise as you might bought a policy long ago which may not be sufficient to adapt the current situation (i.e. inflation rate)...

Don't let the huge medical cost be a financial problem to your family members in the event that you are not able to work.....