I wish I pushed my client to buy insurance earlier

Something that insurance agents hate to say but know all too well - "I wish I pushed my client to buy insurance earlier".

Anne-Marie Lee shared in MDRT Resource Zone her true tale of life insurance in action.

Her client Joe was the main breadwinner for his wife and daughter. 

While Joe's with was opposed to life insurance, Joe agreed to review his insurance coverage with Anne-Marie. His life insurance policy was inadequate, and he had a term critical illness policy worth only about $50,000. As for his medical insurance, he said that his wife had taken care of it through her friend, who was an insurance agent.

Joe asked for time to persuade his wife. This went on for more than five years. Finally, in 2014, he decided to take action himself and started an

This will make you buy medical insurance immediately! - $1 million medical bill in Singapore

It is all too often to hear people say that insurance is not important. Especially in Singapore, insurance agents and advisers often hear excuses such as there is MediShield insurance, there is medisave, Singapore's healthcare system is the one of the best in the world and government has kept it affordable.

But if you get smacked with a medical bill of $1 million like Fina Leong did, you wouldn't be saying the same thing.

In a heartfelt post on facebook, Fina shared a very personal experience of what her mum went through:

Fina Leong, $1 million medical bill in Singapore

If you can't see it, here's where to find the link and what she shared:

Magic of Insurance - Hospitalisation plan

Another facebook post on the benefits of insurance.

This time by Ms Ho Yen Yuen, a financial consultant with AIA Singapore.

As she has indicated "Ps.. Please don't anyhow send me friend request if I don't know you. Thank you." We will not be providing the link.

In any case, her client's total bill after a surgery to remove thyroid cyst came up to $54,430.26 which was paid in full by AIA.

The magic of insurance. 

AIA Hospitalisation bill paid in full

Here's her facebook post:

The magic of insurance

Whenever you read about insurance in the papers, it is often about failed claims, agents cheating their clients, mis-selling, misrepresentations etc etc.

Unsurprisingly, the public often has a negative impression of insurance agents, insurance products and the insurance industry in general.

Hence, when appreciation is shown for #magicofinsurance, we believe it should be shared far and wide.

If you have more of such stories, share them with us.

----------------------------------------------

Here's a post from Daphne Chloe Toh who wanted to thank her AIA Financial Consultant Jacqueline Lum.

Interim hospital bill. Credit: Daphne Chloe Toh