steviani

What do you like about your health insurance cover?

I know what i like about mine. It gives me a peace of mind wherever I go.

I live in Jakarta. Our government is currently working hard starting up a national health insurance cover for everyone. Everyone : Indonesians and Non-Indonesian who stay in Indonesia for 6 months or more. With 250 millions people, it is the best insurance in terms of affordability that you dont want to miss out if you dont have one. Level of coverage : local. You have to inform the authorities for any changes in place of abode. It covers a lot of things for a minimum price. You can check it out at http://www.bpjs-kesehatan.go.id , click Program Jaminan Kesehatan for more details on the cover, the premium, places where you can get the health services based on living area.

Next, if you like the idea of insurance but maybe thinking that the national health cover is not enough, you can start taking up a private health insurance covers. You can do your own research on what sort of covers you’d like to have, how much premium you afford to pay, and which countries you will visit when you get sick. Most private health insurance will cover countries like Singapore and Malaysia as those two is the most likely destinations for Indonesians. However, do check before you buy!

Sequis Life has a program called Sequis Health Platinum Plus Rider which covers countries on South East Asia (Indonesia, Singapore, Malaysia, Brunei Darussalam, Philippine, Thailand, Vietnam, Myanmar, Laos, Cambodia and Timor Leste) plus China (exclude Hongkong). From 1 month old baby until 65 years old grandpa/grandma can opt to take this cover; with a condition you are still healthy when you enter into the program. It gives protection until you are 85 years old.

Lastly, for someone who loves to do traveling around the world, Sequis Health Global Plus is the best choice. It covers all countries in the world, nothing is excluded. I heard from one of my fellow lions that USA, Japan and Netherland got the best technology for cancer treatment. I don’t really know but I’m glad I got one which will cover the expenses when I need it, wherever I landed.

Health Insurance is not only a cover. For now, it is part of a community lifestyle. If you want further details, just drop me an email at steviani@gmail.com or let me know your email so we can set a time for a meeting.

Steviani, CPA, CFP®.

Many people in Indonesia still believe in savings. Believe means they know that to have a saving is good but it is something that really hard to do in real life. While not many have experience in investment, they do have some sort of instinct to put most of their major investment either in savings account, term deposits, properties or gold bars. They don’t like insurance,but they like the idea of being protected when they are ill/sick and have some pension money when they retire, to be able to leave some inheritance to the family when they gone.

Just recently that I know, most productive people age around 20-50 years old, rarely have long term savings.

If you ask them whether they have savings account for pension, some will say they have. But how much are they putting into it, or whether they put it regularly, most of them haven’t really thought about it.

The workers think their company/government will take care of them. They earn income, spend it, find any left over to put into savings account. Another month if they got another interesting thing to buy, they withdraw the money to purchase the goods. If any accident happened to member of the family, they borrow money from friends who have saved more money than them.
 If extraordinary expenses incurred eg. school trip, they will either propose to extend the payment or borrow someone else to cover it.

In a recent event which I attended, a group of people who recently got fired, most of them reveal shocking truth about how they were all in a comfort zone that they never really think to prepare anything like health insurance, pension fund, emergency fund, etc. It was all covered by the company. Being fired was not in the plan. If your government/company is giving you health insurance, accident cover, pension fund, life insurance; how could you not believe in Insurance?You all were relying on it.

Now I am offering you a Financial Planning. What happen if you never do your own financial planning? Well, nothing much. Until one day when you arrived at a point where the company ain’t going to cover you anymore, your government benefit is not enough to cover you, I hope you already have enough savings to support your own life. That is why, before you reach that point, make your plan, get your life instruments ready, work hard and make a smart investment for your future. Nothing you can do to change the past, but if you want to change the future, NOW is the time to do so.

What early financial planning can do for you?One example, I have prepared some interesting plan that can make your money keep over flowing no matter whether the world is in a crisis or not, whether the interest rate is up or down, no matter what happened, you will have a GUARANTEED STREAM OF INCOME for the rest of your life. It is like a Time Machine where all we do is Transferring some little portion of your current money to the future. In the future, all you have to do is Receiving the Money and use it whenever you want to. You don’t have to deal with Mr. Tax man, you don’t have to rely on your children for pocket money, you could  just enjoy your day, enjoy your financial freedom. Sounds too good to be true, well I am not a liar nor a cheater. I am an accountant and for your case, I am just a Financial Planner. It is my job to make plans and show you what plan that will give benefit to you or your family, Financially.

Last but not least, early Merry Christmas to you and thank you for reading my blog. I am taking my holiday soon ^_^ so if you want to book a consultation time before 20thDecember2013, make it early by sending email to steviani@gmail.com . I am looking forward to make a good plan for you.

Steviani, CPA, CFP®, 2013 Sequislife ICON, MDRT.

His birthday is coming in 10 days time.

Now he is still 30 years old. Handsome, married a beautiful wife, have 2 adorable young children. The oldest is just 4 years old, the youngest just turning to 1.

–rewind-

A few days ago, my mother in-law told me about a friend of her whose son is currently hospitalised because he was suddenly collapsed in his house.

He is just 31 years old, very young but he got high cholesterol she said.

I asked her,  is he married? Yes, with 2 kids.

They all worry she said, it all happened so sudden. A week ago he was standing there brightly on his brother’s wedding celebrations. His kids were so cute they all standing on the podium giving a handshake to the guests.

Why Worry Now?

People live with lots of choices on their hand. They are free to make their own choices, including choices of what sort of life they want to live in.

This young man, i can’t really say for sure  but I’m sure he chose to live a happy life with his wife and his 2 young children.

They Worry Now, he is in coma, he can die anytime, who will care for his children, how his family going to cope if their bread winner is to pass away. No one knows, they all just got worry for things that is so sudden and unpredictable. They are not ready for it. But for now, they just worry how much will the hospital bill be? Will he survive? Will he be able to work again like normal? Will anyone willing to support this family?

Why Worry Now?

That is the three words resounding in my chest for a while. Why do you have to worry? Sickness and death is always unpredictable, but maintaining a healthy lifestyle is something that you can choose and afford. So, Why Worry Now? What is the actual thing are you worrying about? All these people, from what i can hear is all your worry is about money money and money. Everyone worry but no one really wants to spend their money for this family’s future life. They are worry, but they can not help.

If only they knew, if that young man is to pass away, his parents will pay all of the cost and support his family.

Money is not everything but it sure can helps you at times in need.

Life is irreplacable so why dont you start to show your love by taking care of yourself first. Live a healthy life mentally, physically, and financially.

-coming back to Now-

My mother in-law just came back from the hospital, she told me that the boy has passed away last night, but his wife still wants to keep him longer so she refused for them to take out the breathing support.

It was so sad she said. Her friend got 3 kids, all three of them have the same high cholesterol. The oldest, now 30, has passed away due to heart attack. My condolences.

When I was talking to someone about health/life insurance, they asked how long will it cover? Assuming you are healthy, it can cover you until you are old enough to see many generations to come. However, with this event i hope it is as clear to you, readers, as it is to me, that the risk of death can happen to anyone, anytime at any age. It can happen Now.

So, Why Worry Now? Because you never know when it will happen. If you never have any preparation, then, Start Worry Now.

Steviani, CPA, CFP®, 2013 Sequislife ICON, MDRT.

As a consultant, I find it necessary to learn about my competitors products. It is important so that if my clients have some queries regarding my products and comparing it with our competitor products, i can at least have a say about it and give my client the best information i can get.

In my humble opinion, being a consultant is not just about what you know, but also who you know. Many customers are being ripped off just because they can’t get access to the right resources to get the right information. Thus, as a player in the life industry, i always try my best to keep in contact with other agents from other companies. I may not be able to study all insurance products but by having a network of agents, i can get the best information from the best people in the industry.

Now, talking about The Sequis Difference, i just recently comparing Sequis Life proposal with Prudential proposal. Both are unit linked products, both are giving a whole life protection. The basic unit linked products being compared are Sequislife Protector Plus 85 and Prudential Pru Link Assurance Account.

Some of the Basic Program Differences :

1. Basic Program Coverage

a. Sequislife : Life until 85 years old

b. Prudential : Life OR permanent disability until 99 years old

2. Insured Person Entry Age (Cost Base)

a. Sequislife : using the current age except if the current age has past more than 6 months, the cost base will be using the coming age. e.g., if the current age is 29 years and 3 months, Sequislife will take 29 years old as the entry age. If the current age is 29 years and 7 months, Sequislife will take 30 years old as the entry age.

b. Prudential : using the coming age. e.g. the current age is 29 years and 3 months, Prudential will take it as 30 years old on their illustration.

3. Premium Composition

a. Sequislife : Regular Premium + Regular Top Up. Regular top up is a prerequisite in the premium composition which means there has to be an investment value from the very beginning.

b. Prudential : Regular Premium + Regular Top Up. Regular top up can be left empty which means it is allowed to have no regular top up investment at all.

4. Acquisition Cost

a. Sequislife : For regular premium (Year 1 – 100%, Year 2 – 65%, Year 3 – 45%) and for regular top up 5% all the way.

b. Prudential : For regular premium (Year 1 – 100%, Year 2 – 60%, Year 3 – 15%, Year 4 – 15%, Year 5 – 15%) and for regular top up 5% all the way.

5. Investment Cost

a. Sequislife : 0,75% for Rupiah Cash Fund, 1,25% for Rupiah Stable Fund,  and 1,50% for Rupiah Equity Fund, Rupiah Managed Fund & Rupiah Syariah Balanced Fund. Investment Fund Managed by Schroders.

b. Prudential: 0,75% – 1,75% per year. Investment Fund Managed by Prudential.

6. Administration Cost

a. Sequislife : Rp.40.000,00/month

b. Prudential : Rp.27.500,00/month

7. Insurance Cost

a. Sequislife : Insurance cost will be charged monthly. For the first year, the insurance cost (including insurance rider) is waived. Except for insurance rider SQEPCIR and SQCIR, on the first year will be charged 50% of the full amount. All clearly written in the proposal.

b. Prudential : Insurance cost will be charged monthly.  Important Notes : As there will be no unit created from the regular premium in Year 1 and unit created from regular premium in Year 2 is not sufficient to pay the cost of insurance and cost of administration, thus those cost will be declared as liable cost which will be paid from any unit created from the regular premium, regular top up (Pru saver)and single premium top up (if any), starting from the 25th month. All clearly written in the proposal.

Now, finished comparing Sequislife and Prudential unit linked products, what have i learned?

Having an almost identical proposal from both companies, this is what i can tell :

With Sequislife, on my First Year, if I dediced to close my account, 2 things will happen :

1. Sequislife will close my account, then

2. Sequislife will give me back some cash i.e. the value from the regular top up unit created.

With Prudential, if my consultant use his power to empty out the regular top up section with what commonly said “to increase my protection(???)”; If I dediced to close my account on my First Year, these 2 things will happen :

1. Prudential will close my account, then

2. Prudential will send me a letter, requesting me to pay the company the cost i owe them which is my first year administration and insurance cost.

Most people can’t comprehend this situation. What they know is that they are paying an insurance premium. So if the insurance company is asking to pay the liable cost, they don’t understand how did it happen. With this short explanation i hope many agents will learn to change their way of explaining their products; as the important things has been clearly written in the proposals but so many people including the agents are ignoring it.

The way of saying increasing my protection that means increasing my regular premium and empty out my regular top up is just not right. Even more those agents that think by doing this they are giving the clients a traditional products; honestly, I am worried. Hopefully my time comparing and typing it here can help some self learner individuals to start learning to COMPARE BEFORE YOU BUY. Be a SMART buyer.

Steviani, CPA, CFP®, 2013 Sequislife ICON, MDRT.

I went to Kumon today to get an introduction about their program. The owner told us that Kumon has been established for quite some time. With their years of experience, they can tell and people can see that their way of teaching does work. You can try all new things but experience is the best teacher of all.

So, with my blog today about the Sequis Difference, I am trying to point out what are their difference in comparison with other insurance company.

On the 29th of May 2013, Sequis Life celebrate its 29 years anniversary ^_^ yay….

With 29 years of experience in the life industry, still in a good standing financially and even keep growing steadily in the Indonesian market, Sequis Life is one brand that Indonesian should be proud of.

While other Indonesian insurance company was being taken over by our foreign counterparts, Sequis Life (was Sewu New York Life), has managed to acquire our foreign counterparts market share in the industry. 2 foreign insurance companies market shares being taken over by Sequis are New York Life and Met Life. 2 giants company and even the biggest in America. 

Sequis Life assets currently is around 9 trillion rupiahs when this blog is posted; with an RBC of 276%.  As a company, it means that if all of Sequis Life clients make their claim (100%), Sequis life will still stand strong with an extra 176% capital reserved. RBC exist to protect the firms, their investors and customers, and the economy as a whole.

As one of the company that still sell traditional life insurance products i.e. non unit link products, Sequis Life provide a complete array of products that can be suit to your need and budget. 

List of traditional products that Sequis has :

1. Term life : Superior Term

– Term Life is suitable for people with low budget but want a full protection for their family. It gives cover for 5 years, 10 years, 15 years and 20 years; renewable.

2. Whole Life : Q Smart Life, Life Plan

– Whole Life is suitable for people who is established in terms of income, want a peace of mind in regards to their family protection. There is a saving component in the product. It covers until 100 years old of age.

3. Endowment : Q Edu, Q Uni, New Scholar Plan, Superfund, Retirement Life Plan, Cash Plan

– Endowment is suitable for established people who have that extra money that can be saved to guarantee the future of their kids education or their retirement time. It will give money back to you at certain times in the future, for a period of time, with a guaranteed amount and some offer bonuses.

That is our list of traditional products, now let’s talk about our most favorite talk of all.

As an accountant and a financial planner, I have learned that there are so many people in Indonesia don’t really understand about investment. However, with the current situation where most insurance companies are selling unit link products through banks, brokers and individual agents, the not so knowledgeable customers always claim they got cheated.

My aunt for example, she called me last night telling me how she spend Rp.500.000,00/month on unit linked products which was sold through bank, after a few months of paying, come a statement that say there are only Rp.300.000,00 on the balance if she wants to make a withdrawal.  It doesn’t add up she said.

With traditional products, you pay the premium for a certain period, you are guaranteed being covered for a certain period. On the other hand, with unit linked products, you pay the premium for a certain period, there is NO guarantee for how long you are being covered. It all depends on the value of your units and whether those value enough to pay your insurance premium that cover your health, life, waiver, accident, and critical illness benefits. That is the basic that every customer SHOULD understand though most of them don’t.

Steviani, CPA, CFP®, 2013 Sequislife ICON, MDRT.

Is that me? Hahaha… no..I took that picture, the person in the picture is Ines Putri Tjiptadi Chandra, Sequislife Brand Ambassador and Miss Indonesia 2012. We were on the same bus during the 10 days trip.  It was a clear fine day in Niagara Falls, USA side when I took that picture.  Beautiful Ines was teaching me on how to take that beautiful picture. ^_^

What is so special when you get an insurance annual trip awards?

First and foremost, it is totally FREE. We all got 5 years American Visa for free. Free 10 days tour with Smailing Tour, free Sequislife Priviledge 2013 black cabin luggage, free optional tours in the US.

Second and the rest, I just quote what the Tour Leaders considered as special for this Sequislife New York Trip :

2. The bus is equipped with Free Wifi and toilet inside the bus. Free BBM every day yay!!

3. When touring New York City, usually other tours will booked the hotel outside New York City. Sequislife however, is booking Sheraton New York Times Square. Right in the heart of New York City, near the 5th avenue, near to all our shopping needs ^_^

4. Visiting Niagara Falls, Sequislife booked Seneca Niagara Casino and Hotel – 4 Diamonds, 10 minutes walk to Niagara Falls USA side and considered one of the Top Hotels near Niagara. It was a really grand hotel with private casino and shopping arcades.

5. When others are having gala dinner at a hotel, Sequislife took all of its agents and their partners to enjoy a Gala Dinner in a Bateaux Cruise down Manhattan, New York City, passing the Liberty Statue and Ellis Island. Accompany with good musics and the finest food, we all enjoy our night away with song and dance. There are gift away of Apple mini ipad as well on the cruise, free gift from Smailing Tour and some special gifts to everyone from Sequislife.

It was such a wonderful trip and hope to see everyone else again on our next trip to London, Ireland and Scotland in 2014.

Steviani, CPA, CFP®, 2013 Sequislife ICON, MDRT.

When you are looking for a health insurance company, you are looking for a partner that you can trust.  PT Asuransi Jiwa Sequislife, in 2010 was awarded as one of Top 50 Indonesia Corporate Brands by Swa magazine. It is a fully owned Indonesian Insurance company who has been serving in the industry since 1984 and has a track record of acquiring 2 Multinational Life Insurance Companies who was running business in Indonesia, i.e. New York Life and Met Life Indonesia which main office are in USA.  Its good running management is lead by Mr. Tatang Widjaja, who was also acknowledge by Warta Ekonomi magazine as one of “Indonesia Most Admired CEO 2011” for the insurance category.  More details regarding the company check its website http://www.sequislife.com .

As an insurance agent we are in a binding contract with the company which we represent to only sell that company products. In this case, I am only allowed to talk about Sequislife products, not other insurance company products. Thus when I said compare health insurance, you readers have to do your homework in comparing the proposals that you have in hand.  For the same price you paid, what benefits will you get?

Let’s start the comparison of proposals you have in hand with Sequislife Health Platinum Rider :

1. Plan based on the daily hospital room and board rate

-> Sequislife plan based on the daily hospital room and board rate in rupiah :

Plan A – 200,000 (taken out from the market in 2012), Plan B – 300,000, Plan C – 500,000, Plan D – 600,000, Plan E – 800,000, Plan F – 1,000,000, Plan F1 – 1,250,000, Plan G – 1,500,000, Plan H – 2,000,000.

One person is entitle to take multiple policy with health platinum riders benefit up to a maximum daily room and board rate benefit of 4,000,000 rupiahs per day, per person.

Admission of an Insured Person as an inpatient into a Hospital for a period of not less than 12 (twelve) hours is taken as 1 day stay. Maximum 150 days per policy year.

2. Lodger Fees for parents / relatives if the person insured is under 15 years old.

Plan B – 100,000, Plan C – 150,000, Plan D – 200,000, Plan E – 250,000, Plan F – 300,000, Plan F1 – 350,000, Plan G – 400,000, Plan H – 500,000.

Maximum 14 days per policy year, benefit above is maximum per day.

3. Medical Report Fees

Maximum 1 medical report per disability, maximum per medical report is 200,000 rupiah.

4. As charged benefits :

I. In-patient Benefits

a. Daily Intensive Care Unit (Maximum 45 days per policy year, maximum per day)

b. Hospital Miscellaneous Services such as :

– general nursing, prescribed and consumed drugs and medicines

– splints and plaster casts

– laboratory and X-ray examinations

– intravenous injections and solutions

– basal metabolism tests

– administration of blood and blood plasma, including the cost of blood and plasma.

c. Surgical Fees

d. In-Hospital Consultation (Includes Doctor and Specialists)

Maximum 2 visits per day, 150 days per policy year.

II. Out-patient Benefits

a. Day surgery/ out-patient surgery

b. Pre-hospitalisation/ pre-surgical Specialist Consultation

Maximum 30 days prior to hospitalisation.

c. Pre-hospitalisation diagnostic services and laboratory tests

Maximum 30 days prior to hospitalisation.

d. Post-hospitalisation treatment

Maximum 90 days post hospitalisation.

e. Emergency accident out-patient treatment

Received medically necessary treatment as an out-patient in Hospital within 24 (twenty-four) hours of the accident causing injury. Follow-up treatment by the same doctor or hospital for the same covered body injury will be provided up to the maximum amount and up to 30 (thirty) days from the date of the accident.

f. Emergency accident dental treatment

Accidental injury occurred to sound natural teeth, provided the medical attention is sought within 24 (twenty-four) hours of the occurrence of the accident.  All follow-up treatment costs by the same physician/doctor thereafter will be reimbursed up to 30 (thirty) days from the date of the accident.

g. Ambulance services

Maximum per policy per year is 500,000 rupiahs for all plan purchased.

Note : As charged benefit is subject to reasonable customary charges according to the plan purchased. As charged benefit is subjected to an Annual Overall Limit and Lifetime Overall Limit, whichever is reached first.

5. Special Benefits :

I. Out-patient kidney dialysis treatment

Plan B – 20,000,000, Plan C – 30,000,000, Plan D – 30,000,000, Plan E – 40,000,000, Plan F – 55,000,000, Plan F1 – 55,000,000, Plan G – 60,000,000, Plan H – 70,000,000.

Maximum per policy year.

II. Out-patient cancer treatment

Plan B – 20,000,000, Plan C – 30,000,000, Plan D – 30,000,000, Plan E – 40,000,000, Plan F – 55,000,000, Plan F1 – 55,000,000, Plan G – 60,000,000, Plan H – 70,000,000.

Maximum per policy year.

III. Prosthesis and Implant

Plan B – 1,500,000, Plan C – 3,000,000, Plan D – 3,500,000, Plan E – 5,000,000, Plan F – 6,500,000, Plan F1 – 7,000,000, Plan G – 7,500,000, Plan H – 9,000,000.

Maximum per policy year.

IV. Out-patient physiotherapy treatment

Plan B – 200,000, Plan C – 300,000, Plan D – 350,000, Plan E – 450,000, Plan F – 500,000, Plan F1 – 550,000, Plan G – 600,000, Plan H – 700,000.

Maximum benefit above is per treatment, maximum 60 days post hospitalisation; maximum 60 days per policy year.

V. Home Nursing

Plan B – 150,000, Plan C – 250,000, Plan D – 300,000, Plan E – 350,000, Plan F – 450,000, Plan F1 – 500,000, Plan G – 550,000, Plan H – 600,000.

Maximum benefit above is per day, maximum 120 days per policy year.

6. Annual Overall Limit

Plan B – 165,000,000, Plan C – 275,000,000, Plan D – 330,000,000, Plan E – 440,000,000, Plan F – 550,000,000, Plan F1 – 687,500,000, Plan G – 825,000,000, Plan H – 1,100,000,000.

Multiple policy with health platinum riders has a maximum annual overall limit of Rp.2.200.000.000,00 (two billion and two hundred million rupiahs) per year.

Benefits, except Accidental Death Benefit, payable in respect of expenses incurred for treatment provided to the Insured Person during the period of insurance shall be limited to the Annual Overall Limit irrespective of the type/types of disability.

In the event of the Annual Overall Limit having been paid, all insurance for the Insured Person shall immediately cease to be payable for the rest of the Policy Year.

7. Lifetime Overall Limit 

Plan B – 825,000,000, Plan C – 1,375,000,000, Plan D – 1,650,000,000, Plan E – 2,200,000,000, Plan F –  2,750,000,000, Plan F1 – 3,437,500,000, Plan G – 4,125,000,000, Plan H – 5,500,000,000.

Multiple policy with health platinum riders has a maximum Lifetime Overall Limit of Rp.11.000.000.000,00 (eleven billion rupiahs).

This limit applies to the total of all benefits that have been paid under this Rider, including all past renewals, during the entire lifetime of the Insured Person (or maximum until 75 years of age).

8. Accidental Death Benefit

Plan B – 60,000,000, Plan C – 100,000,000, Plan D – 120,000,000, Plan E – 160,000,000, Plan F – 200,000,000, Plan F1 – 250,000,000, Plan G – 300,000,000, Plan H – 400,000,000.

In the event of death of the Insured Person which occurs within 90 (ninety) days and from occurrence of a covered accident, the lump sum accidental death benefit is payable in accordance with the Plan the Insured Person is covered under, as specified in the benefit above.

9. International SOS Travel and Emergency Medical Assistance

In accordance with benefit provision in International SOS agreement for International Travel and Medical Assistance, Domestic Medical Assistance.

Important information : Sequislife Health Platinum medical cover is valid for All countries hospital medical treatment and special for heart surgery, the cost of stents and all heart surgery related cost is fully covered As charged, subject to the platinum plan limit purchased.

That is only the benefits, I’m sure everyone is more interested on How Much do we need to pay to get all of those benefits of Sequislife Health Platinum Riders. Below I will provide a rough estimate of the cost based on age range :

Note : For age range 1 to 35, the premium has include an additional rider called Sequis Waiver of Premium due to Disability or Dread Disease (WPDD). The premium above is an annual premium with a unit link based product with a minimum of 10 years premium payment period.

There are waiting period and exclusions applies. Make sure you check with the agents to know the details before you decided to buy the products. The younger you are the cheaper the premium, the more benefit you can get.

No one knows whats going to happen tomorrow, so ask yourself, if you are hospitalised, for whatever reason and the cost is reaching up to say 150 million rupiahs, who is going to pay the bill? Will your boss/company pay for it? Do you have enough savings to cover it? Will your family future affected if you have to pay for it? Health Insurance is just one way to get that peace of mind when the event come to life.

If you are unsure, try to do some financial planning ahead.  As a financial planner I can assure you that Financial Planning is more than just about securing your future, it is about making your dreams come true.

Thank you for reading and any request for personalised proposal of the product please contact me by email on steviani@gmail.com or tweet @steviani29 .

Steviani, CPA, CFP®, 2013 Sequislife ICON, MDRT.

“Education is the most powerful weapon which you can use to change the world.” – Nelson Mandela –

I may not know Nelson Mandela really well, but I do share the same view and believe that education is the only way to change the world. I’ve met some people through my insurance business and I have met so many people who refuse to take insurance because THEY BELIEVE that insurance is a fraud business. THEY BELIEVE that all insurance agents are cheaters. As a newbie, it was quite shocking to found out that they have hold this believe for more than 10, 20 and some even 30 to 40 years.

It is not my job nor my interest to change their belief. All I want is for them to help themselves and their family, by lending their ears and open their mind to accept the correct information about insurance, to know how it works, how it can keep their children to reach their dreams, how it can help bereaved spouse to build their life back, how it can maintain your lifestyle when you are unable to work and how it can support your retirement time. I want them to know that in this modern world, insurance is nothing but just an ordinary tools that is able to protect their family from financial distress when life risks happen.

Though I say ordinary, it is actually extra ordinary. How extra ordinary? Let’s read this article posted at Kompas newspaper on 30th of December 2012.

Continuing from my previous post about stretching your dollar further, how much do you think it cost to get that medical benefit of 800million rupiahs? If you are 60 years old, it will only cost you Rp.43.000.000,00, taken from your savings to pay the premium in order to receive that medical benefit of Rp800.000.000,00 (your insurance pay that amount).

Once you are sick and get hospitalised, when the hospital asked you to pay the bill 800 million rupiahs, YOU HAVE TO PAY THE BILL NO MATTER WHAT! While some people prefer to cash out their deposits, take out their savings, borrow from their neighbor/boss/family, sell their car/gold/house, some other people are lucky enough to have insurance that pays everything AS CHARGED like that lucky woman above.

Sounds like fraud? I hate to tell you this, but that woman just BUY AN INSURANCE PRODUCT and she get what she pay for : Medical Cover AS CHARGED, a life insurance cover and a peace of mind ^_^ 

Steviani, CPA, CFP®, 2013 Sequislife ICON, MDRT.