The Straits Times article “Family of bus accident victim left in dire straits” dated 18 July 2010 reported that a 50-year old man was killed by a smashing crane when he was sitting at the upper deck of a public bus. That is not the end of the story.
The article reported that he is survived by a 47-years old housewife and 4 boys. The youngest son is being test for IQ and kidney problems; second son was diagnosed with kidney failure four years ago; third son attends special school for the intellectually disabled; eldest son is currently seeking treatment for depression at IMH.
This is another reminder the importance of financial planning. Please note that purchasing an insurance product is not financial planning. Most of the time, it is financial planning for the insurance salesman.
Related article: Educational Seminar - Estate Planning for Parents with Young Children
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