Medical Insurance - Don't leave home without it

We are talking about medical insurance here but a little digression first.

The Thailand border towns are common holiday destinations for Malaysians. Hatyai and Songkla are popular towns where Malaysians visit by the busloads every year. Buses leave Kuala Lumpur at night, reaching there in the morning. It is a long ride. A flight would reduce the journey drastically and AirAsia, the local Low Cost Carrier, does have great ticket prices.

Many people travel without travel insurance. Making it a point to at least sign up for medical or health insurance can stand you well financially in the event of an accident. Recently, a Malaysian tourist had to cough up over RM90,000 to settle medical charges at a hospital in Thailand after being involved in a road accident.

When shopping for insurance, I believe the best rates are from an insurance agent that offers Wholesale Insurance for a comprehensive coverage. A wise shopper shops around for the best deal.

Insurance plan that pays immediate annuities

Not sure if this type of insurance is available here in Malaysia but over in the U.S., there is such an insurance plan called single premium immediate annuities or simply "immediate annuities."

What this means is that this insurance product requires only a single payment and after that the insurance company pays you a pension for the rest of your life.

Single-premium immediate annuities are most useful for individuals or couples who are already at retirement age. A retiree can use his/her savings to purchase an immediate annuity, which will ensure steady income for his/her entire retirement, no matter how long he/she lives.

A Motorhome requires Motorhome Insurance

If you own a car, you would need auto insurance to cover against any untoward incident happening to your vehicle. Similarly, if you own a motorhome, you would need motorhome insurance for the same reason.

Insurance coverage for a motorhome or an RV (recreational vehicle) is different from a regular auto insurance. It offers extra features such as you could cut your premium in half while you’re not using your RV and loss of personal belongings is covered to name just two. Driving without insurance is against the law. The thing to remember is that insurance is not an option, it is a responsibility.

How much are you paying for your haircut?

How much are you paying for your haircut? Or a hotel room when you go on holiday, a packet of ciggies, or gasoline for your car? Let's take a look at how much these cost 55 years ago. Comments in bold italics are comments made then.

A haircut..
‘If they think I’ll pay 30 cents for a hair cut, forget it.’

Hotel room..
‘There is no sense going on short trips anymore for a weekend. It costs nearly $2.00 a night to stay in a hotel.’

A pack of cigarettes..
‘If cigarettes keep going up in price, I’m going to quit; 20 cents a pack is ridiculous.‘

Gasoline..
‘When I first started driving, who would have thought gas would someday cost 25 cents a gallon. Guess we’d be better off leaving the car in the garage.’

These are just some examples from an email. Here's one more...Talk about how inflation has drastically reduced purchasing power of our currency..

‘I’ll tell you one thing, if things keep going the way they are, it’s going to be impossible to buy a week’s groceries for $10.00.‘

I wonder what will it be like in another 55 years. You might want to leave some meaningful quotes/comments for your children or grandchildren to quote you in 55 years from now. LOL!

Of course, life is not the same now. We are doing things differently which is a far cry from those days. I want to think we are better off now than before. Progress and technology have seen to that. For example, with a click of a mouse on this site, http://www.wholesaleinsurance.net, I have access to a whole range of insurance packages I need. This convenience wasn't available in the old days. We certainly have come a long way.