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Cannot claim medishield insurance for dementia

There was an individual who was diagnosed with dementia at age 55. She cannot claim from any of her existing insurance policies including Medishield (because she was not hospitalised). She was fired from her job and cannot find another job due to her condition. Her income was $10,000 per month. This case was related to me by another financial adviser in 2009. The financial adviser expressed disappointment. My comments: The official age of retirement is currently sixty two. So the loss … [Read More...]

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