A father, working as a hawker, refinanced his house to help pay for his son’s education in Taiwan. After a few years, his son returned and started working as an engineer at Inventec. However, his son suddenly developed a digestive problem and began treatment at Lam Wah Ee Hospital. He had to bring his own lunch to work every day, following a strict diet to manage his health condition. Unfortunately, a year later, he passed away.
The father was left with a medical bill of RM60,000, which he had to pay in installments because the amount was too large. On top of that, he also had to continue making payments on the refinanced house loan.
This story highlights the sacrifices parents make for their children, and the harsh realities of unexpected events. We hope it serves as a reminder of the importance of risk management and early financial planning to safeguard our loved ones.