The solution is AXA 110 care.
Friday, January 17, 2014
Importance Of Medical Insurance Coverage.
The solution is AXA 110 care.
What Happen When You Don't Have A Will?
Under the Distribution Act 1958, the deceased's assets will be distributed as follows; 25% to surviving spouse, 50% to issues (include children, grandchildren and other lineal dfecendents) and 25% to surviving parents.
The problem arises if parents pass away soon after, 25% of his estate could end up in the hands of his brothers and sisters and other receipients.
The ensuing claim by all interested parties who are eligible by law to a piece of his estate, will cause difficulty in liquidating the assets; thus causing hardship to the intended beneficiaries.
The problem arises if parents pass away soon after, 25% of his estate could end up in the hands of his brothers and sisters and other receipients.
The ensuing claim by all interested parties who are eligible by law to a piece of his estate, will cause difficulty in liquidating the assets; thus causing hardship to the intended beneficiaries.
Quotes Of The Day
Always bear in mind, that your own resolution to succeed is more important than any one thing
- Abraham LincolnIt is always sufficiency for a man's need, but never sufficient for a man's greed.
-Mahatma Gandhi
Wednesday, January 15, 2014
Business Partnership Continuity
A Company was set up by a team of ambitious, aggressive, capable and talented people. When business is good, all partners share and harvest the profits. You know that this is result of co-operation, skills and business acumen.
Have you ever thought what would happen if one of the partners dies or become disabled?The financial status of the company would be affected. Unless prior arrangement is made, such unfortunate event could pose a big problem.
normally, a sum of money would go to the deceased partner's estate. The quantum could be a point of contention. And the results in arduous and expensive litigation that can jeopardize the company's position and reputation.
What can the Company do under such circumstances?
First, allowed the deceased partner's family to join in the business. What if they are not well-versed with the business? What if they could not co-operate well with the existing partners.?
Second, allowed the deceased partner's to sell their share to an outsider. But who will buy over the share? Normally in the business, the fiscal cash had been converted to capital which includes stocks, machinery and etc. The question, how to pay off the deceased's partner sahre in cash.
Third, sell the share to the existing partners. Will the partners have enough money to buy the share? Will there be difficulties to determine the price?
Obviously the best way is to draw up a pre-arranged agreement whereby the surviving partners's will buy up the deceased's capital account. The partnership is required to pay the deceased estate his or her share of any profits earned but not distributed before death.
Besides this, the partnership is required to pay the deceased's estate for a fixed number of years either an agreed percentage of subsequent profits or a stated amount of fixed monthly payment. This is known as "income continuation plan"
Even if such a legal agreement exist, the partnership may not have enough funds to buy over the partner's share. Herein lies the usefulness of partnership insurance.
The life of each partner can be insured in the amount of partnership liability of his and her estate. The partner will be owner, premium payer and beneficiary of the policy.
When a partner dies, the sum assured or life insurance proceeds is payable to the partnership. In turn the partnership will use the money to buy the deceased's capital account and to fund the income payment.
Life Insurance will help the partnership fund the income continuation plan in advance as it calls for a known amount to be paid after partner's death. This will relieve the surviving partner's of any legal wrangler later.
Have you ever thought what would happen if one of the partners dies or become disabled?The financial status of the company would be affected. Unless prior arrangement is made, such unfortunate event could pose a big problem.
normally, a sum of money would go to the deceased partner's estate. The quantum could be a point of contention. And the results in arduous and expensive litigation that can jeopardize the company's position and reputation.
What can the Company do under such circumstances?
First, allowed the deceased partner's family to join in the business. What if they are not well-versed with the business? What if they could not co-operate well with the existing partners.?
Second, allowed the deceased partner's to sell their share to an outsider. But who will buy over the share? Normally in the business, the fiscal cash had been converted to capital which includes stocks, machinery and etc. The question, how to pay off the deceased's partner sahre in cash.
Third, sell the share to the existing partners. Will the partners have enough money to buy the share? Will there be difficulties to determine the price?
Obviously the best way is to draw up a pre-arranged agreement whereby the surviving partners's will buy up the deceased's capital account. The partnership is required to pay the deceased estate his or her share of any profits earned but not distributed before death.
Besides this, the partnership is required to pay the deceased's estate for a fixed number of years either an agreed percentage of subsequent profits or a stated amount of fixed monthly payment. This is known as "income continuation plan"
Even if such a legal agreement exist, the partnership may not have enough funds to buy over the partner's share. Herein lies the usefulness of partnership insurance.
The life of each partner can be insured in the amount of partnership liability of his and her estate. The partner will be owner, premium payer and beneficiary of the policy.
When a partner dies, the sum assured or life insurance proceeds is payable to the partnership. In turn the partnership will use the money to buy the deceased's capital account and to fund the income payment.
Life Insurance will help the partnership fund the income continuation plan in advance as it calls for a known amount to be paid after partner's death. This will relieve the surviving partner's of any legal wrangler later.
Tuesday, January 14, 2014
Motivational Quotes
A customer is the most important visitor in our premises. He is not dependable on us. We are dependent on him. He is not an interruption to our work. He is the purpose of it. He is not an outsider on our business. He is part of it. We are not doing him a favor by serving him. He is doing us a favor by giving us an opportunity to do so.
- Mahatma Gandhi
Not giving recognition to the customer.... is the worst offense anyone in business can commit.
-Earl Nightingale
Excellent Service is enjoying giving our customers a little more than they expect.
Goodwill is the only product that competition cannot undersell nor destroy .
Service is like it is not the words that matters, its the action.
When we take care of our CUSTOMERS , we take care of ourselves
Far away there in the sunshine, is my highest aspiration. I may not reach them, but I can look up and see their beauty, believe in them. and try to follow where they lead ( GOALS)
One person with commitment is worth more than 100 people who have only interest. (Commitment)
Excellence means a commitment to successful completion.(Excellence)
The fuel that allows common people to attain uncommon results ( Teamwork)
The toughest challenge leads to greatest triumph (Challenges)
We accomplish in proportion to what we attempt (Achievement)
- Mahatma Gandhi
Not giving recognition to the customer.... is the worst offense anyone in business can commit.
-Earl Nightingale
Excellent Service is enjoying giving our customers a little more than they expect.
Goodwill is the only product that competition cannot undersell nor destroy .
Service is like it is not the words that matters, its the action.
When we take care of our CUSTOMERS , we take care of ourselves
Far away there in the sunshine, is my highest aspiration. I may not reach them, but I can look up and see their beauty, believe in them. and try to follow where they lead ( GOALS)
One person with commitment is worth more than 100 people who have only interest. (Commitment)
Excellence means a commitment to successful completion.(Excellence)
The fuel that allows common people to attain uncommon results ( Teamwork)
The toughest challenge leads to greatest triumph (Challenges)
We accomplish in proportion to what we attempt (Achievement)
Retirement Planning -
Live your Glorious Golden years with Financial Ease and Comfort
What would be your ideal retirement lifestyle? Working hard all your life, retirement is the time to live your dreams; be it travelling around the world, spending quality time with your loved ones or doing the things that you love the most.
What would be your ideal retirement lifestyle? Working hard all your life, retirement is the time to live your dreams; be it travelling around the world, spending quality time with your loved ones or doing the things that you love the most.
Without proper , systematic and prudent planning, coupled with the effects of inflation; your savings may not be enough to secure your ideal retirement lifestyle. Money Savers Plan will provide you a stream of guaranteed income to supplement your retirement fund. Furthermore, you can enjoy yearly annuity tax relief of up to RM3,000. There is no better time to start saving early to help you achieve your dream ideal retirement lifestyle.
Guaranteed Income
Everyone dreams of having a retirement that would not be affected by uncertainties. With Money Savers Plan, you can retire with better peace of mind by receiving a stream of guaranteed yearly income for 20 years.
Here are sample illustrations of the Money Savers Income payable based on the entry age and premium payment term.
| Guaranteed Income based on Annual Premium of RM18,000 | |||||||
| Premium Payment 5 years ( Please note that this sample of illustration) Further clarification, please contact agent. | |||||||
| Entry Age | Guaranteed Income (RM) | Entry Age | Guaranteed Income (RM) | ||||
| 25 | RM2,500.00 | 25 | RM197,799 | ||||
| 40 | RM2,500.00 | 40 | RM197,799 | ||||
Educational Article- Insurance Participating Business
Bonuses in insurance come in many forms, it is regarded as return on investment , in short means profits derived from investment, saving and etc.
Namely there are a few types of them, the reversionary bonus, simple bonus, cash bonus, terminal bonus, maturity bonus and etc.
However many are not aware of this type of bonus, and tend to term them as interest and so forth.
The reversionary bonus or cash bonus, as the case may be, declared by the company in the past is GUARANTEED. This reversionary bonus or cash bonus that have been declared and allocated by the company to your policy will not be affected by any bonus revision in the future, if any.
Terminal bonus on teath is an additional bonus that is valid for one year only once declared by the company. Future terminal bonus could change significantly from year to year and may be different from those originally illustrated to you.
All future bonuses are NOT GUARANTEED and very much depending on the future operating experience and investment results of the company's participating fund as well as the company's view on future environment. As the future is unknown, the future bonuses are not guaranteed and the amount to be declared in the future may be more or less than previously illustrated to you.
(Note: This type of bonuses is applied majority of the company but does not represent the companies in the whole industry)
Namely there are a few types of them, the reversionary bonus, simple bonus, cash bonus, terminal bonus, maturity bonus and etc.
However many are not aware of this type of bonus, and tend to term them as interest and so forth.
The reversionary bonus or cash bonus, as the case may be, declared by the company in the past is GUARANTEED. This reversionary bonus or cash bonus that have been declared and allocated by the company to your policy will not be affected by any bonus revision in the future, if any.
Terminal bonus on teath is an additional bonus that is valid for one year only once declared by the company. Future terminal bonus could change significantly from year to year and may be different from those originally illustrated to you.
All future bonuses are NOT GUARANTEED and very much depending on the future operating experience and investment results of the company's participating fund as well as the company's view on future environment. As the future is unknown, the future bonuses are not guaranteed and the amount to be declared in the future may be more or less than previously illustrated to you.
(Note: This type of bonuses is applied majority of the company but does not represent the companies in the whole industry)
Sunday, January 12, 2014
Executing A Will
The Inheritance of property becomes an issue once the owner has passed on. Whether there is a Will or not, approval must be obtained before the estate can be distributed.
Every individuals endeavours to acquire property.Such property takes different forms. It could be cash, money in bank, shares in a business enterprise or real estate in form of land or residential or industrial building.
When a person's life comes to an end, all this is left behind. What happens to such property and to whom it goes to is referred to as the administration of estate of the deceased. Where a person has directed , through a Will to whom the property or estate is to go to, this will be carried out to the extent that the law of the country allows. Otherwise, the property will pass on to personsor bodies as stipulated by law.
When those who are entitled to the property can amicably agree on the manner the property is to be passed down, the process of devolution will run smoothly. However , when there is dissension among those who claim inheritance, a costly and prolonged litigation may ensue.
Whether there is a cordial relationship or bitter dispute between those who are entitled to the inheritance, the courts and in some cases,other tribunals, have to be involved to supervise the inheritance process.
When the property is comprised wholly or partly of land, and does not exceed the value of RM600,000, one need not always go to the High Court. In such a situation, an application can be made under the Small Estate (Distribution) Act 1955.
The Act contains provisions for the administration of customary as well as native land. Under this Act, the collector of the district where the greater part in value of the property is situated, has exclusive jurisdiction to deal with the distribution and administration of the whole estate, unless this specifically restricted.
The High Court is not entirely irrelevant to the process. The court continues to have the power to be involved and is available for references to be made to it on points of law so that its opinion and direction may be sought. The High Court is also available to hear any appeals made by any person who is aggrieved by any order or decision made by a collector.
Where the property of the deceased does not come within the scope of being a small estate, then those who seek to administer the estate must resort to the High Court for its endorsement , whether or not the inheritance is disputed.
When a person dies leaving no Will, he is said to die interstate. In such cases, an application to administer the property is made by way of petition for Letter Of Administration. Upon everything being order, the court issues a Grant Of Administration. For such, the applicant will be required to furnish 2 sureties ( guarantors) .
When a person leaves a Will to cover all his property, the administration of the estate requires a Petition for Probate ( Letter of Probate) . Upon the court being satisfied with the Will, a Grant of Probate is issued to the applicant with an executor appointed whether named in Will or appointed by court.
Thus whether there is a Will or not, an application has to be made to the High Court to administer the estate of the deceased person before administration and distribution of estate can proceed.
This procedure is in place to ensure that those who are legitimately entitled to inheritances are amply protected. Any disputes to claimed rights is determined at this stage before distribution of the inheritance can proceed.
This discussion would be incomplete without some references to Wills. A Will is a direction by a person as to how the property and inheritance is to be dealt with upon his death as well as how certain other aspects are to be addressed. Two aspects relating to a Will need to be mentioned at this stage.
> The Will does not do away with the need to apply to the appropriate tribunal ( the High Court)
> It existence is no guarantee that everything will be carried out accordingly. It is possible for a Will to be challenged and this could lead to complex litigation. There could be occasions when the validity of a Will is not challenged . However modification or attempts to qualify its full effort could emerge. This could occur when there are specific circumstances provided for by the law.
There is also a difference in approach when it comes to Will for Muslims. In the case of Muslims, the inheritance has to be on the basis of Syariah law principles.
A Muslim can only will away not more than 1/3 of its estate to those who are not entitled under Syariah law. The remainder will be required to abide by Syariah Law
Every individuals endeavours to acquire property.Such property takes different forms. It could be cash, money in bank, shares in a business enterprise or real estate in form of land or residential or industrial building.
When a person's life comes to an end, all this is left behind. What happens to such property and to whom it goes to is referred to as the administration of estate of the deceased. Where a person has directed , through a Will to whom the property or estate is to go to, this will be carried out to the extent that the law of the country allows. Otherwise, the property will pass on to personsor bodies as stipulated by law.
When those who are entitled to the property can amicably agree on the manner the property is to be passed down, the process of devolution will run smoothly. However , when there is dissension among those who claim inheritance, a costly and prolonged litigation may ensue.
Whether there is a cordial relationship or bitter dispute between those who are entitled to the inheritance, the courts and in some cases,other tribunals, have to be involved to supervise the inheritance process.
When the property is comprised wholly or partly of land, and does not exceed the value of RM600,000, one need not always go to the High Court. In such a situation, an application can be made under the Small Estate (Distribution) Act 1955.
The Act contains provisions for the administration of customary as well as native land. Under this Act, the collector of the district where the greater part in value of the property is situated, has exclusive jurisdiction to deal with the distribution and administration of the whole estate, unless this specifically restricted.
The High Court is not entirely irrelevant to the process. The court continues to have the power to be involved and is available for references to be made to it on points of law so that its opinion and direction may be sought. The High Court is also available to hear any appeals made by any person who is aggrieved by any order or decision made by a collector.
Where the property of the deceased does not come within the scope of being a small estate, then those who seek to administer the estate must resort to the High Court for its endorsement , whether or not the inheritance is disputed.
When a person dies leaving no Will, he is said to die interstate. In such cases, an application to administer the property is made by way of petition for Letter Of Administration. Upon everything being order, the court issues a Grant Of Administration. For such, the applicant will be required to furnish 2 sureties ( guarantors) .
When a person leaves a Will to cover all his property, the administration of the estate requires a Petition for Probate ( Letter of Probate) . Upon the court being satisfied with the Will, a Grant of Probate is issued to the applicant with an executor appointed whether named in Will or appointed by court.
Thus whether there is a Will or not, an application has to be made to the High Court to administer the estate of the deceased person before administration and distribution of estate can proceed.
This procedure is in place to ensure that those who are legitimately entitled to inheritances are amply protected. Any disputes to claimed rights is determined at this stage before distribution of the inheritance can proceed.
This discussion would be incomplete without some references to Wills. A Will is a direction by a person as to how the property and inheritance is to be dealt with upon his death as well as how certain other aspects are to be addressed. Two aspects relating to a Will need to be mentioned at this stage.
> The Will does not do away with the need to apply to the appropriate tribunal ( the High Court)
> It existence is no guarantee that everything will be carried out accordingly. It is possible for a Will to be challenged and this could lead to complex litigation. There could be occasions when the validity of a Will is not challenged . However modification or attempts to qualify its full effort could emerge. This could occur when there are specific circumstances provided for by the law.
There is also a difference in approach when it comes to Will for Muslims. In the case of Muslims, the inheritance has to be on the basis of Syariah law principles.
A Muslim can only will away not more than 1/3 of its estate to those who are not entitled under Syariah law. The remainder will be required to abide by Syariah Law
Do You Have A Valid Will ?
If your answer is "NO", you better read on;-
1. 9 out of 10 adults in this country do not have a Will.
2. Most assume that it is inconvenient, expensive and the process is too complicated. Some are afraid to even think of death.
3. But without a Will, the delay in processing your estate may cause hardship to your loved ones.
Why Write A Valid Will?
A Will allows you to decide how your assets are to be distributed according to your wishes rather than letting the law decide for you.
A Will ensures that your loved one do not have to go through a long legal process and possible disputes just to inherit what you have intended to provide for them especially at a time when they need the financial support the most.
A Will allows you to appoint someone of your choice as Executor/ Trustee to carry out your wishes and administer your estate.
A Will allows you to appoint someone you trust as Guardian to care for your minor children when you are not able to care for them yourself.
1. 9 out of 10 adults in this country do not have a Will.
2. Most assume that it is inconvenient, expensive and the process is too complicated. Some are afraid to even think of death.
3. But without a Will, the delay in processing your estate may cause hardship to your loved ones.
Why Write A Valid Will?
A Will allows you to decide how your assets are to be distributed according to your wishes rather than letting the law decide for you.
A Will ensures that your loved one do not have to go through a long legal process and possible disputes just to inherit what you have intended to provide for them especially at a time when they need the financial support the most.
A Will allows you to appoint someone of your choice as Executor/ Trustee to carry out your wishes and administer your estate.
A Will allows you to appoint someone you trust as Guardian to care for your minor children when you are not able to care for them yourself.
Sunday, October 13, 2013
Abandoned Mum
I will be 72 years old come November, 2011. I was married at quite a young age and have two children. My first delivery was a most frightening, not to mention the morning sickness I went through during the nine months of pregnancy.
It was a consolation when I gave birth to a beautiful girl. She still is- she won a beauty contest and represented the country abroad. She make the family proud.
Two years after that, I gave birth to a handsome boy with dark brown eyes and brown hair.
Both my children, apparently, have become very successful in life. The girl graduated with a Master's Degree and the boy is an engineer with a prestigious shipping company.
My son married someone older than him. I was never told, what more invited to the wedding. After two children, they divorced. My son found out that she was sleeping with another man.
I suppose a mother's blessing is a must. I did not have any inkling that my children would go so far as not to regard me as their mother.
Sometime in 1985, while my daughter was working with a five star hotel, I had to see her to purchase an air ticket to go to Rome with her for a holiday.
She was not around when I arrived, so the hotel receptionist paged for her.
As soon as she saw me, she looked worried and asked, rather fiercely:"Who did you say you are?"
I knew what the answer should be, so I said, " I'm her friend.", to which she replied , "Oh, ok", and then relaxed. A friend? And so I knew that she did not want it to be known that I'm her mother.
As far as I am concerned, I've always been well-dressed, in the sense that I don't wear revealling clothes that can make a sailor blush.
I've realized, a little too late, that I'd made the biggest mistake of my life-spare the rod and spoil the child. And so I've failed because I did not trash the life out of her when she was growing up.
Had I done so, things would have been different today.
Even my son doesn't get in touch with me, let alone send home money to support me.
Nevertheless, I am proud of their achievements and I thank Allah for making them filthy rich, while I live from hand to mouth.
I make a big mistake the other day by calling my son. I explained to him(although he already knew) that I'm no longer earning and needed some financial help.
I reminded him that I had never said no to whatever he wanted, or however much money he required when he was schooling. Name it and he got it-with my gold credit card, uncommon in those days. The same applied to his sister.
His reply was shocking: " I picked up this phone not to listen to all these."
That was it. I did not prolong the conversation and ended with, "Okay son, may God bless you."
My heart sank as I wiped my tears. i had only intended to request a monthly allowance.
I pray that I may become rich again one day. After much soul-searching, I have yet to fathom what offence I could have committed to deserve their cold shoulder.
I lost my mother a few years ago, yet I still yearn for her touch, even though I am this old. Maybe it's because I was pampered as an only child. I wonder if both my children have any conscience...........
What I have learnt from the Holy Quran is that one shouldn't curse because if one lets Allah mete out the punishment, it will be more severe than what you pray for.
In other words, i leave it to Allah to do the rest. I'm sure I will live to see them punished.
My children will realize then what it's like to be alone, and counting the days till Allah calls you home.
By then, money would mean nothing, for what goes around come around.
by Tanggang (Star Sunday, 14th August, 2011 )
The Moral of the True Story:
Be prepared for our own retirement. Never trust our children for financial help. Sometimes, in today's world, the glamour of the world, the rising cost of living, the prestige they want to enjoy, they hardly spare any for the old man and lady that raises them at home.
Not to mentioned the stress that they undergo, makes them wild and unfriendly people.
A Malay Proverb: " Sedia Payung Sebelum Hujan" ( Prepare an umbrella before rains)
Before we retire, keep whatever we have for the rainy and golden years ahead.
It was a consolation when I gave birth to a beautiful girl. She still is- she won a beauty contest and represented the country abroad. She make the family proud.
Two years after that, I gave birth to a handsome boy with dark brown eyes and brown hair.
Both my children, apparently, have become very successful in life. The girl graduated with a Master's Degree and the boy is an engineer with a prestigious shipping company.
My son married someone older than him. I was never told, what more invited to the wedding. After two children, they divorced. My son found out that she was sleeping with another man.
I suppose a mother's blessing is a must. I did not have any inkling that my children would go so far as not to regard me as their mother.
Sometime in 1985, while my daughter was working with a five star hotel, I had to see her to purchase an air ticket to go to Rome with her for a holiday.
She was not around when I arrived, so the hotel receptionist paged for her.
As soon as she saw me, she looked worried and asked, rather fiercely:"Who did you say you are?"
I knew what the answer should be, so I said, " I'm her friend.", to which she replied , "Oh, ok", and then relaxed. A friend? And so I knew that she did not want it to be known that I'm her mother.
As far as I am concerned, I've always been well-dressed, in the sense that I don't wear revealling clothes that can make a sailor blush.
I've realized, a little too late, that I'd made the biggest mistake of my life-spare the rod and spoil the child. And so I've failed because I did not trash the life out of her when she was growing up.
Had I done so, things would have been different today.
Even my son doesn't get in touch with me, let alone send home money to support me.
Nevertheless, I am proud of their achievements and I thank Allah for making them filthy rich, while I live from hand to mouth.
I make a big mistake the other day by calling my son. I explained to him(although he already knew) that I'm no longer earning and needed some financial help.
I reminded him that I had never said no to whatever he wanted, or however much money he required when he was schooling. Name it and he got it-with my gold credit card, uncommon in those days. The same applied to his sister.
His reply was shocking: " I picked up this phone not to listen to all these."
That was it. I did not prolong the conversation and ended with, "Okay son, may God bless you."
My heart sank as I wiped my tears. i had only intended to request a monthly allowance.
I pray that I may become rich again one day. After much soul-searching, I have yet to fathom what offence I could have committed to deserve their cold shoulder.
I lost my mother a few years ago, yet I still yearn for her touch, even though I am this old. Maybe it's because I was pampered as an only child. I wonder if both my children have any conscience...........
What I have learnt from the Holy Quran is that one shouldn't curse because if one lets Allah mete out the punishment, it will be more severe than what you pray for.
In other words, i leave it to Allah to do the rest. I'm sure I will live to see them punished.
My children will realize then what it's like to be alone, and counting the days till Allah calls you home.
By then, money would mean nothing, for what goes around come around.
by Tanggang (Star Sunday, 14th August, 2011 )
The Moral of the True Story:
Be prepared for our own retirement. Never trust our children for financial help. Sometimes, in today's world, the glamour of the world, the rising cost of living, the prestige they want to enjoy, they hardly spare any for the old man and lady that raises them at home.
Not to mentioned the stress that they undergo, makes them wild and unfriendly people.
A Malay Proverb: " Sedia Payung Sebelum Hujan" ( Prepare an umbrella before rains)
Before we retire, keep whatever we have for the rainy and golden years ahead.
Saturday, January 5, 2013
Thursday, March 29, 2012
Tuesday, February 7, 2012
What Are The Solutions To These Problems ??
"Cash" - is the real solution
Cash - to keep the company going during the period when income decreases and expenses increases
Cash- to pay creditors so that they stay reassured and confidence renewed
Cash- to reimburse credit facilities / borrowings from bank
Cash- to pay salaries/wages, expenses incurred, dues owe to clients and to reassured that business runs as usual .
Cash- to recruit, engage, hire and train a replacement for the keyman
Cash- to cover the cost of mistakes/errors of a replacement will make in the learning process of a keyman.
Cash - to keep the company going during the period when income decreases and expenses increases
Cash- to pay creditors so that they stay reassured and confidence renewed
Cash- to reimburse credit facilities / borrowings from bank
Cash- to pay salaries/wages, expenses incurred, dues owe to clients and to reassured that business runs as usual .
Cash- to recruit, engage, hire and train a replacement for the keyman
Cash- to cover the cost of mistakes/errors of a replacement will make in the learning process of a keyman.
Business Risk Management
What Are The Problems Created By The Death Or Permanent Disability Of A Keyman
a) Costly Interruption Of Business
b) Loss in Profits
c) Replacement Of Keyman
d) Threat To Business Credit
e) Loss of confidence by Employees, Customers & Suppliers
f) Financial Credibility Loss ( No confidence by financial providers-banks, finance companies & others financial institution)
Who is the Key-man ?
" Keyman" refers to the person that has the expertise to generate profits and success to a company . In common language, it is said that the person had the skill, the reputation and the brains that makes the wheel of the company spinning, thus making huge profits for the company.
The loss of the keyman by means of death or permanent disability will create a loss of expertise and the disruption of company's success.
a) Costly Interruption Of Business
b) Loss in Profits
c) Replacement Of Keyman
d) Threat To Business Credit
e) Loss of confidence by Employees, Customers & Suppliers
f) Financial Credibility Loss ( No confidence by financial providers-banks, finance companies & others financial institution)
Who is the Key-man ?
" Keyman" refers to the person that has the expertise to generate profits and success to a company . In common language, it is said that the person had the skill, the reputation and the brains that makes the wheel of the company spinning, thus making huge profits for the company.
The loss of the keyman by means of death or permanent disability will create a loss of expertise and the disruption of company's success.
Thursday, February 2, 2012
Risk Management
The best planning in the world can be jeopardized with the sudden loss of ability to earn income, or worse still, loss of life. We can make sure your income continues if you are suddenly unable to work.
We offer advice on a range of risk insurance products including:
-
Income Protection - to protect and coverage for you should you become sick or injured.
-
Trauma Insurance - coverage should you become seriously ill, but maybe able to return to work at a later date.
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Total and Permanent Disablement - to cover you should you suffer an injury or illness that would total and permanently incapacitate you from working.
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Term Life Insurance - to cover loss of income by providing funds for repayment of debt to your creditors or to secure a business obligation should you die.
-
Business Insurance - this is designed to cover for business expenses if you are self employed and unable to perform work.
We offer advice on a range of risk insurance products including:
-
Income Protection - to protect and coverage for you should you become sick or injured.
-
Trauma Insurance - coverage should you become seriously ill, but maybe able to return to work at a later date.
-
Total and Permanent Disablement - to cover you should you suffer an injury or illness that would total and permanently incapacitate you from working.
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Term Life Insurance - to cover loss of income by providing funds for repayment of debt to your creditors or to secure a business obligation should you die.
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Business Insurance - this is designed to cover for business expenses if you are self employed and unable to perform work.
The Dollar and The Old Man
The dollar or ringgit you makes today, half of it belongs to the old man down the road , 50 years, 40 years, 30 years, 25 years or probably less than that.
Be money wise, don't let the youth take away the life of the old man.
Life in elderly age is meaningless without happiness, happiness is meaningless without survivalship, and survivalship is meaningless without dollars and cents.
Bear that in mind and be wise with spending.
Save today, survive tomorrow.
Retirement Planning - A Choice Not Fate
RETIREMENT PLANNING
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Retirement is one of the most important life events many of us will ever experience.
From both a personal and financial perspective, realizing a comfortable retirement is an incredibly extensive process that takes sensible planning and years of persistence.
Even once it is reached, managing your retirement is an ongoing responsibility that carries well into one's golden years.
•
For most people retirement is time to look forward to having more time to enjoy the things they love most. Most of us will be pondering on major decision such as:
•
For most people retirement is time to look forward to having more time to enjoy the things they love most. Most of us will be pondering on major decision such as:
- When will I retire?
- How much money do I need for the retirement?
- Will I be able to afford the lifestyle I desire?
- Where can I get help if I need it?
•
Experience has shown that early planning will allow our clients to make the most of their money.
As professional advisors we show you how to maximize your retirement income.
Retirement is A Choice and Not a Fate destined by Time.
Time is NOW!!
The right choice land us in the correct path to a enjoyable retirement.
Our Services -Make Us Your Preferred Choice in Financial Planning
Offering Personalized ServiceYour financial objectives and goals are unique to you.
1.
We will work with you closely and offer personalized advice tailor-made to assist you to reach your financial goals and aspiration.
2.
We Act As Financial Coach and we are there to listen to and understand your concerns and be able to answer your questions and clarify doubts on financial issues and explain in depth, concepts , plans and strategies.
3.
We help Conceptualized Your Goals -Converting your dreams to reality .
We can assist you to accurately define your financial goals and work with you to prioritize those goals. In turn, unclear and vague goals turn into realistic ones.
4.
Road Map To Achieve Financial goals
A financial goal is the ultimate destination. We provide the road map to reach your goals and we have the knowledge and expertise to design and cater a comprehensive plan to achieve your goals.
5.
Selection Of Correct Financial Tools.
There are various financial tools on the market to help you achieve your goals. The task of sorting through all the options can be overwhelming.
We assist in narrowing the choice to those that best fit your goals and objectives.
You would then be in a better position to make an informed choice.
6.
Proactive Management
With a clear understanding of your financial goals can bring investment opportunities to your attention and to keep you abreast of the changes in financial environments that may affected your plans and recommend required adjustments necessary to accomplish.
1.
We will work with you closely and offer personalized advice tailor-made to assist you to reach your financial goals and aspiration.
2.
We Act As Financial Coach and we are there to listen to and understand your concerns and be able to answer your questions and clarify doubts on financial issues and explain in depth, concepts , plans and strategies.
3.
We help Conceptualized Your Goals -Converting your dreams to reality .
We can assist you to accurately define your financial goals and work with you to prioritize those goals. In turn, unclear and vague goals turn into realistic ones.
4.
Road Map To Achieve Financial goals
A financial goal is the ultimate destination. We provide the road map to reach your goals and we have the knowledge and expertise to design and cater a comprehensive plan to achieve your goals.
5.
Selection Of Correct Financial Tools.
There are various financial tools on the market to help you achieve your goals. The task of sorting through all the options can be overwhelming.
We assist in narrowing the choice to those that best fit your goals and objectives.
You would then be in a better position to make an informed choice.
6.
Proactive Management
With a clear understanding of your financial goals can bring investment opportunities to your attention and to keep you abreast of the changes in financial environments that may affected your plans and recommend required adjustments necessary to accomplish.
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