Sorry :(
I met up with my client for policy review the other day. From the conservation, I was informed that her dad just passed away two months.
I was so sorry for the lost. 😥😥😥😥 (This indeirectly reminds the lost of my dad, which I hope she can go through it with time)
Her dad was prepared before death. He wrote a will, decided his funeral plan and this indirectly ease his family's burden.
Her sister assisted on calculate the cost for funeral, it takes around RM 200K to settle the funeral for the 5 days. 😭😭
"Does he have life insurance?" "No......"
Consider to buy a life insurance as part of your financial planning. There are various types of insurance with different levels of premium and payout so you will need to do some research!
Upon your death, your family will receive your policy payout immediately. And that death benefit is generally not subject to no taxes. This can be used to pay debts, pay off a mortgage, leave a legacy, and pay funeral expenses.
I am sorry for her dad's death.... Hope her family members can go through this period soon. ❤