Know the importance of getting a Life Insurance

Many people will try to shun away from financial advisors when they know that their friends is working as a financial advisor. Usually what I will hear is "I have already got everything", or "I don't have money". But, many times I have not even said anything. Looking at the article below, I was wondering whether the breadwinner did get any life insurance. If yes, is her sum assured enough for the family to have a comfortable life? Many people think that insurance agents or financial advisors only want to earn money and hence keep asking them to buy this buy that, pay premiums. But in the end, we are trying to ensure such sad things don't happen. A family losing a breadwinner has caused a very big impact and having an additional financial burden makes it worst.

So, next time don't shun away from financial advisors. To me, it is a meaningful career as we are helping people to build wealth as well as providing protection for themselves,their family and their loved ones.

extracted from Straits Times 14th Dec

Car crash kills family's sole breadwinner
by Carolyn Quek

SHE was the family's sole breadwinner but on Thursday morning, 29-year-old Rachel Quek lost her life in a tragic car accident which left two others injured.

The human resource professional died about nine hours after a car driven by her boyfriend, Mr Chiang Kwok Wai, rammed into a tree in a suspected drink driving case.

Ms Quek was in the backseat of the blue Suzuki Swift. The couple's friend, Mr Tay Huay Kia, was also in the car.

It was travelling along Bedok North Avenue 4 on Wednesday at around 11pm when it skidded.

It mounted the road kerb and went through a wire fence before ramming into the tree. The impact wrecked the car so badly that the Singapore Civil Defence Force took 15 minutes to extricate all three, who were taken to Changi General hospital.

Mr Chiang, 30, suffered light injuries and was discharged on Friday.

However, both passengers suffered serious facial and head injuries. While 30-year-old Mr Tay is still in intensive care, Miss Quek succumbed to her injuries at about 8.30am on Thursday.

The Straits Times understands that all three had got together after work, and Mr Chiang, who works in the finance industry, was driving the other two home.

Miss Quek's 24-year-old brother, Xi Wie, explained at her wake on Friday that she was the only income earner after their shipyard technician father died suddenly six years ago from a lung illness.

He has just graduated from Nanyang Technological University.