Insurance
Slapped by ratings, exclusions, extra premiums
By Patrick See  •  May 22, 2011
I read with much interest where the public shares their discomfort of being slapped with ratings, exclusions (etc) being imposed on their life insurance policies.
Prevention is better than Cure. Most of you who were fortunate to have any insurance plan implemented, you will not be facing such a problem. However, there may be situation where you may have delayed implementing your solution because:
· I am too busy.
· It would not happen to me.
· No hurry. No worry, No need.
· Buying insurance is bad luck, etc
(As we grey towards being more distinguished, these may lead to medical illness being diagnosed. The first step in prevention is buying early to avoid the possible imposition of ‘extras’.)
These are endless situation that promotes the procrastination of financial planning. These are situation that leads the Public to Plan to Fail rather than Fail ...
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By Patrick See
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