Ferrari Me (Ferrarilim)

If you are near age 61 to 65 range, you may face my situation of having to pay for higher and rising premium cost.  This may cause you to re-consider to downgrade your H&S coverage.  (H&S: Hospitalisation & Surgical). ~~~~~ Compare NTUC Incomeshield 1 . Enhanced Preferred with rider.  -$3k max limit cap (panel doctors) -$5k bill max cap (non-panel doctors) -Pte Hospital "A" ward.  -$1.5M bill cap per year -Pre-consultation: 180 days -Post-treatment consultation: 365 days -2025: $6,272 (for age 61 to 65) -Pay by Medisave: $1666.65 -Pay by Cash: $4,606 2. Enhanced Advantage with Rider -$500k bill cap per year, -rider: still same $3k bill limit -Pre-treatment: 100 days -Post-treatment consultation: 100 days -Restructured Hospital only, "A" Ward. -Premium: $702 + $410 (rider cost) = $1,112 p.a. !! -Pay by Medisave: $600 -Pay by cash: $102 ~~~~~ Once you downgrade your coverage, you cannot upgrade next time.  Even if you switch to another insurer, it may ...

  2025: Total premium for @age 62 Incomeshield with As-charged, co-assist rider; wow. $4,606+1,666 = $6,272 this year 2024: Total premium for @age 61 $1,639 + $4,046 = $5,658 p.a. Last year I paid $5,658 ~~~~ NTUC Incomeshield: 2024: $5,658 2025: $6,272 Rising H&S cost just quietly crept in. Not even hospitalized,  and need to fork out $5k ~ $6k p.a.

 AirBnB: No property but a landlord. Booking.com: No hotels, no aircrafts, yet a hotelier or Airliner.  Manulife Vestment: No invest, still can pay 9% p.a. lifetime + guaranteed capital upon death. "Prof. Madoff  paradox". ~~~~ On Manulife Vestment product, Adam always advocate that one should stay invested; lest the value of our assets will devalue over time due to inflation. Manulife Vestment is the total opposite to this principle. 1. It does not invest our funds; yet it pays us 9% p.a. lifetime; earns 1~2% p.a. fees. 2. Its entry age is 0 to 70.  So, new born can borrow money from parent to invest in Vestment. After 10 years, return 90% back to his parent. Yet enjoy lifetime 9% p.a. passive income. * $1,000,000 x 0.09 = $90,000 p.a. lifetime payout, or $7.5k p.m. lifetime passive income from age 11, after returning his parent money. * The teenager will not need to work his whole lifetime. * His parent just need to give him a Retirement seed $100k.