Our health and medical needs change as we mature. We might require hearing or visual aids, increased dental services, and more frequent medical check-ups. The last thing you want is for an unexpected hospital bill to get in the way of your retirement plans.
Prepare yourself by investing in health insurance that covers medical fees not limited to accidents only. You can take it a step further by considering an all-in-one type of insurance policy, where you get insurance coverage, partial savings, potential investment returns, and a guaranteed yearly income.
Retirement is the ideal time to pursue your dream life. With some proper planning, you shouldn’t have to wake up worrying about outliving your retirement savings, and instead live your best life.
Sources:
*https://www.thestar.com.my/business/business-news/2017/10/25/most-malaysians-cannot-afford-to-retire
**https://www.macrotrends.net/countries/MYS/malaysia/life-expectancy
***https://www.thestar.com.my/business/business-news/2018/10/27/are-retirement-schemes-sufficient-for-malaysians
This article is brought to you by CIMB as part of our ongoing efforts to raise the level of financial literacy among Malaysians. Financial knowledge and understanding are key to making well-informed and meaningful financial decisions that will improve all our well-being. This, in turn, achieves CIMB’s purpose of advancing customers and society.
