My friend, who is 78 years old, received an email from a Great Eastern Life agent telling him that the annual increase in medical cost is 15% (and recommending the coverage provided by his company), My friend asked for my comments about the inflation rate.
Here is my reply
http://www.fisca.sg/ArticleDisplay.aspx?ID=489
Here is my reply
http://www.fisca.sg/ArticleDisplay.aspx?ID=489
1 comment:
The problem with private Shield plans is that the premiums will also rise by 15% a year, or even higher.
So you have to consider:
1. Whether you can still afford it at 70+ or 80++ yrs old?
2. Whether you die-die must have private hospital, private specialist?
Post a Comment