Plan Your Last Policy - Before You Need It!
All of us prepare for life events. We buy auto insurance, hoping we never have an accident. We keep fire extinguishers in the kitchen, hoping we never have to use them. We plan for health care, college expenses, weddings. We have investments, EPF and life insurance.
Yet, the single event that ties all of humanity together is the one thing we tend to avoid planning for. The one event that will impact your family more than any other is their loss of you, whether you’re the husband, the wife, or your child’s parent. The question to ask is: How can I cushion this event for my loved ones? How can I make it easier for them?
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The single answer is to pre-plan as many of the details as possible so that your family don't have to do it under intense emotional and financial pressure.
Importance and Benefits of Pre-Planning:
1
Pre-planning means you want to assume financial responsibility for your funeral, not leaving it to your family or next of kin.
2
Pre-planning gives you the opportunity to weigh your decisions, from how much money you wish to spend to services you intend to hold.
3
Lock in the current price and avoid rising funeral cost due to inflation.
4
Enjoy low monthly repayment with 0% interest.
5
You will gain peace of mind knowing your family is relieved of the sudden financial burden in making funeral arrangements.
6
You want to avoid family tussle due to religious discord or conflict of religion.
7
Filial piety is a central value in Chinese culture. You want to plan ahead for your parents so that they will be gratified with your act of love.
8
You want your family to have the benefit of a meaningful funeral. Pre-planning helps reduce the stress of your family in dealing with pertinent matters.