Are You Prepared for the 2 "IF's" in Life?

My husband and I made it a habit to list every purchase we have (no matter the amount). We make sure to keep track of everything so that we don't go over-budget. We also invested and got life insurance. Though of course, we have come to the realization because of COVID19, that we are still ill-prepared.

In life, there are 2 what-ifs.

WHAT IF WE DIE TOO SOON? Who will take care of our family?

The worth of our current coverage and estate can only sustain our children's needs for a decade or so (without financial support from others, like our parents). But, my children are still very young so that means we need to increase our insurance coverage and invest more.


My husband (who works in an international bank) told me that the no. 1 cause of bankruptcy even for the richest people in the world is HEALTHCARE COST.

Medical emergencies or expenses are very expensive. If you have the misfortune of undergoing a medical emergency without insurance, it is easy to find yourself with a crippling amount of medical debt, and seemingly no way out of the mess.

If you take good, preventative care of your health, it's hard to see why you'd really need insurance. However, COVID19 is currently the world's greatest equalizer -- it doesn't discriminate whether you are young or old, you can get it and when you do, it can be extremely costly.

Again, this meant that my husband and I needed more PROTECTION by getting more life insurance. It can safeguard our money from any unexpected expenses on health care, like treating illnesses or accidents.

And by the way as a parent, I don't expect my child to be the one to pay for my medical bills or my day to day expenses, especially later in life. My children are not my retirement plan. This is a bad habit of many families -- expecting children or other people to support them in times of need.

My children are not my retirement plan.

TIME FOR A WAKE-UP CALL, especially for those with families.

Anyway, I've been a long time client of BDO and have had a good relationship with the frontliners at the branch nearest to my home. My 4 year old daughter used to come with me to the bank and she'd ask how they are and offer to sing too! I visited the branch a few weeks ago to process some transactions and asked for a quote for additional insurance.

Alternatively, you can visit their website to discuss what insurance fits both your needs and current budget. Our needs change over time like I said, so it's fine if you just start small, the important part is you start getting protection for your family for life's biggest what if's.

Here's the link




Mommy K


Here is an excellent comic strip to emphasize WHY we should not treat our children as assets... or else they will treat us as a liabilities.

As we say in Positive Discipline, Build a good, and mutually respectful relationship with your children so that they help out of love, not just out of duty. <3

Click here for the full comics.