Family Security

Information

Planning for security is the most important step in financial planning; without adequate security planning, decrease or suspension of income or a sudden rise in medical expenses from illnesses or accidents can cause one’s financial capacity to deteriorate to the extent that the plans previously made for retirement become affected. An ideal retirement plan needs to ensure protection for both you and your family before retirement, and the coverage needs to correspond to your changing needs as you age or your family burden lightens. It must ensure security for you and your beloved ones before and after you retire.

Example

Mr. Wang is the main income earner for a family with two children, ages 5 and 7. His monthly income is NTD 70,000, of which he must pay 60,000 for household expenses (interest on home mortgage included). The balance on his home mortgage is 5 million and he hopes to raise the two children until they complete college, thus, the security requirement for his family is 12.02 million.

Example