Monday, December 5, 2016

Man's Greatest Asset

Man's Greatest Asset

People say money is not everything, but in reality, everything these days costs money. That is the fact. Things gets more and more expensive and the value of money that we have grew smaller each day. 

This is why in general most of us gets up in the morning and go to work, in pursuit of the income. That in turn helps to pay for the bills.

Life is a journey and everyone dreams of having a perfect life, starting from young we were raised to have a good education so that it may propel us to be a successful adult.

We would then find our soul mate and one day have kids of our own and hopefully one day retire comfortably. Everyone dream of having the perfection in life.

However, as we know, life is a journey, and one of the things that could happen to us is that we fall seriously ill or is involved in a major accident that causes Total & Permanent Disability (TPD).

Should that were to happened to us, it could robbed us of our greatest asset that we have. It is our ability to work to generate an income is in fact the greatest asset, not our car, not our house nor the amount of money in our bank.

Have you ever thought of how much you or your loved ones would need for the next 10 or 20 years if the TPD were to happened to you, yesterday?

We are the golden goose that lays the eggs (assets/house/car/investments/businesses). As such, doesn't it makes sense to 'protect' the most important assets that you have?

Monday, August 29, 2016

Retention of the Medical Records

Medical Records - KEEP THEM!

In many of the instances people tend to forget the details of their hospitalization and/or medical history, especially if the ailment being treated is minor and not life threatening.

Most of us don't even bother to keep these records as soon as the Doctor tells us that we have nothing to worry about or is being discharged with a clean bill.

This article purpose is to relay the importance of having a good record of our medical history.

This is because if we would like to get any insurance (or even upgrades on the current insurance plan), the insurer will want to know what risk they are up against and your hospitalization history is a material fact that needs to be declared.

Failure to declare material fact (during the insurance application or upgrade) may render the insurance policy null and void, thus resulting in having the claims rejected or deferred.

It is highly recommended to scan and keep records of the following documents in your computer or google drive / cloud.

1. Discharge Summary - which states the reason for the admission, date of admission, the doctor's name, the hospital that you went to, the types of medication given (if any), the recovery period and discharge date.

These information are vital during an insurance application/upgrade.

2. All Medical Records/Investigations done - for example the HPE report (histopathological examination) or blood test. These medical reports will need to be submitted to the insurer.

By doing the scan, you can also retrieve the information pertaining to your medical history if it is needed especially if you need to have a second opinion with another Doctor with regards to your medical condition.