With the average life expectancy continuing to rise, the chances of suffering from illness or disease become higher as you age.
Nobody knows what the future holds, and unexpected events such as accidents, illness, disability, or death can occur at any time. Therefore, having adequate cover ensures that you remain prepared for life’s uncertainties, and that you and your family are well prepared for any challenges that may arise.
Financial Security
An emergency fund can provide a sense of security and peace of mind, knowing that you have money set aside for unexpected situations. It can help you avoid financial stress and worry, and enable you to handle emergencies with confidence.
Having adequate cover can provide you with peace of mind, and ensure that you and your loved ones are financially protected against the unexpected.
The benefits of Illness and Disability Cover in Singapore
The ability to receive a lump sum cash payout upon death, illness or disability, or an income if you were unable to work is one which may assist greatly in the long run.
This financial assistance can help to preserve your family’s standard of living and mitigate the financial burden that could arise should the worst happen. After all, the very best healthcare available does not come cheaply, no matter where you are in the world.
Emergency Funds in Singapore
If you aren’t prepared and don’t have an emergency fund, it is very likely you may be left with no other choice but to dip into other savings such as retirement accounts or education funds, which can have long-term consequences. Having a separate emergency fund to these assets can help you avoid depleting other savings accounts or investments.
If you are looking to protect yourself and your family against the worst, The Heritage Partnership has a variety of different options available, and we can help provide a tailored recommendation on the solution that is most appropriate for your specific circumstances and needs, from all the options that are available in the market.
To make the first step towards effectively managing your wealth and optimising it for any emergencies which arise, be sure to contact us today.
