04/08/2021
"It found that people here have policies that would meet just 20 per cent or so of their needs if such illnesses occur, leaving a worryingly large gap of 80 per cent".
When young individuals first enter the work force, they typically obtain some form of coverage. However, even if they have entered a new stage of life, the majority of them will fail to update their coverage. Their pay rises, their liabilities rises, without increasing their coverage.
People always believe they are covered, but they are unclear if their coverage is adequate to support their ongoing living expenses, which often rise as they age.
When critical illness strikes, your source of income may stop, as may your leisure activities, but your bills will never stop.
When approaching your next life milestone, never forget to review your critical illness coverage.
https://www.straitstimes.com/business/banking/working-adults-have-inadequate-cover-if-critical-illness-strikes-says-study?fbclid=IwAR1nTMYDAmnrSb2Ql39OawBGLORoK2Uk4tkDce1hZgGSLdyGPityFYJ6XJA
SINGAPORE - Working adults are strikingly short of insurance coverage to meet their needs if critical illness occurs, according to a study.. Read more at straitstimes.com.