Parents always worry about their children, especially in situations they can’t control. What fear has plagued you the most as a parent, and has anything helped you overcome it?
My biggest fear is not being able to protect Edison when he’s in danger, not being able to take care of him when he’s sick, and not being able to prepare him adequately for his future (especially when I’m no longer around in this world).
Since I became a parent, I realised that I’m no longer only responsible for myself, but there is someone who will need my protection for at least the first 18 years of his life. I’ve to deal with life uncertainties and ensure that we’re well-covered in the most prudent way possible. I certainly do not want to be caught in a situation more dire than I could have anticipated.
Most people won’t claim buying insurance as their favourite thing to do. To be honest, I don’t like dealing with numbers and reading numerous plans that don’t interest me in the very least. I also don’t want to be caught in a situation where I’m not covered for certain things because I didn’t ask about the details.
I bought my first insurance policy at the age of 25!
At that time, I thought of my mother who is a housewife her whole life with no income or savings of her own. If anything were to happen to me, I won’t be able to provide her with financial support. I realised that life insurance is a necessity that I can’t ignore. It provides financial security for my mum at a time she needs it most. And that was my first love letter for her.
Life insurance, to me, is like a love letter!
When you love someone, it’s the little things that make a difference like putting a nutritious dinner on the table, spending a day-out together, and listening to them talk about his or her day. It’s also about protecting them when you’re not around, providing financial security, and keeping their best interests in mind, even if they are too young to know what that means.
Life insurance gives me a peace of mind for life’s uncertainties, and it’s a way of showing my love to my loved ones. Therefore, I’m glad to say that it has helped me to overcome the biggest parenting fears that I’ve mentioned above.
As a leading life insurer with strong historical investment returns, I proudly select Tokio Marine as my insurer of choice. Tokio Marine is also a customer-first organisation who constantly delivers solid financial plans, along with honest and genuine servicing that I truly appreciate.
Based on a research study from the Life Insurance Association (LIA), an average working Singaporean would require at least S$626,000 to meet their Protection needs. This means an average Singaporean should aim to have approx. 10 times of their annual earnings as a basic life cover. At the same time, health care costs have increased over recent years.
With this in mind, Tokio Marine has TWO insurance products that are perfect for working adults as well as parents like us. Now, let me briefly share them with you.