Insured for assurance, or not


pexels-photo-164474_opt (1)Buying insurance is like buying a piece of mind. At least this is the usual spiel from most insurance agents.

This month, hubby and I made a decision to ditch our planner of 8 years and opt for someone new. Our planner (not yet informed that he’s out of the door, so he’s still our planner) is in the million dollar table, has lots of clients with big bucks and  I think that’s where the problem started. We already saw cracks in communication, not proactive in his advise and etc, but we still stuck to him because we are just too lazy to move.

Recently, I’ve been reading up a lot on policies, and I realised that our investment linked plans are not as fab as it initially sounded. So, to check on things, we naturally scheduled for a review. Things seem to be looking a little more bright and clear after the meet up until…two days later, I felt a need to log into the AIA system to look at my surrender values and how’s the plan doing in general. To my absolute horror, I found out that our policy went on Premium Holiday for almost 14 months! Omg. We are losing our cash value! AIA, the insurer, insisted that they sent tons of letters to us, but my planner said he also received no notification. I was mortified. In fact, my agent’s name is not on my plan. It’s another dude. OK this is probably some underground backhand, unethical thing he’s doing. We’ve closed our eyes all the while as we assumed our polices are in order. But now….. no way.. enough is enough.

The new planner comes in. We surrendered 80% of our plans which didn’t even break even. But I figured we just want to start afresh on a clean slate, and I’ll just take the lost money as insurance paid. Look towards the future.

So the lesson from this episode is really to monitor, check and be proactive with your money. No one is going to deal and bother it as much as you.

Making (career) decisions

I’ve always wanted to start something that really belonged to me. It needn’t be a business and it can be just a simple site with things that I love.

My working life has been full of ups and downs. When I graduated with my Diploma in Mass Communication from Ngee Ann Polytechnic, I was all ready to get going and start a brilliant career in Media. But after almost four years of Media life, I got tired mentally and physically. I enjoyed being a freelance stylist and writer, and did work for various publications. Honestly, I’m not fantastic in my networking skills in the industry, which means the endless parties to attend and the amount of schmoozing to be done. I just wasn’t interested. I was serious in my work and only wanted to see every thing beautifully printed in the monthly. By the way, my colleagues worked hard too. I guess it’s a personality problem then.

And so I left. I decided that I wanted to have a more stable income and after all, I had majored in advertising and marketing. One incident that I will always vividly remember was how an ex-colleague of mine asked me if I’m going to look for a job while I was freelancing. It shocked me. Was what I’m doing not work? Well, it certainly didn’t feel like work. It was so fun! I had time and flexibility. Not even a single bit of stress, until all the shoots start coming back to back. So I thought at a naive 20 years of age that “oh I need to find work!” It was a crossroads of sorts. I decided to go and take a look elsewhere.

I went corporate. My ladder was short and sometimes, I feel like I didn’t fit in too. I dressed differently. I talked differently. It wasn’t long when I realised that I still enjoyed doing creative stuff. Maybe it’s God’s plan or something, things always happen and when each vocation ended, I’ll ask myself if it’s a sign for me to go back and do something else. I’m very into signs. I always meet with the most amazing colleagues and some of the crappiest bosses. Even hubby says so. 

It was the third “sign” and at that point in time, everything in my life seemed to be on track. My corporate life gave me enough moolah to get married, repay my Uni education loan, buy a house, and have it renovated. I also have my insurances covered – health and small dose of investment. Most importantly, I have a very supportive hubby who has seen me through all my issues in the past 7 years.

I took the plunge and in January 2013, I was officially unemployed. After which, with some quick planning, I launched yin-love in April in the same year. I never wanted to be a milllionaire or to earn bucket loads of money. I just wanted to do things that I enjoy and have enough for a nice holiday yearly and to buy things that I like.

And that’s how I begin.