If you have a family with children, the amount could be quite significant. You may need to consider mortgage obligations and other liabilities, sustaining their standard of living through to adulthood, and even university fees. A Tyton advisor would be happy to sit down with you to ensure that your family don’t pay the cold cost of miscalculation.
Critical illness insurance ensures that in the event of you being given some bad news by your doctor your financial burden is alleviated allowing you to spend time with loved ones, not loan-companies. Enquire with your Tyton advisor to discuss if it’s the right option for you and your family.
Term insurance provides you with coverage at a fixed rate for a fixed number of years. Afterwards the coverage ceases and the plan ends. Whole of life, however, provides you with lifelong coverage as long as you continue to pay your premiums. If you decide to cease coverage and surrender the policy, you will receive a sizable cash payout due to death benefits not being taken. Each have their merits. Talk to our advisor to weigh up the pros and cons.
However, there are many individuals in Japan, often self employed or small-business owners, that are running the risk of no health insurance coverage at all. Also, if you would prefer an international clinic with western doctors and English speaking staff, you may find both high prices and your National Health Insurance card to be of no use…