Q & ACategory: InsuranceHow much to cover for Medical Insurance?
Jason Wong asked 2 years ago

Hi KC,

With Fi-Life, how much should I look to cover assuming 20-years from now (when I’m 58), my youngest child is 13 years old. Thanks!

1 Answers
KCLau Staff answered 2 years ago

You can cover the expenses and education fund, till your son become independent. I think for another 10 years will do. For example, say your family need RM5000 each month = RM60k a year. And your child education fund say RM200k, you can cover RM600k + RM200k = RM800k, for 10 years.