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Thompson has a fear that if he should be struck by Critical Illness, he would burden his family. Should this unfortunate event happen, he would
Thompson has a fear that if he should be struck by Critical Illness, he would burden his family. Should this unfortunate event happen, he would like to receive RM 60,000 per year over a period of 10 years. He would need a one time RM80,000 to buffer for traditional treatment cost. If Thompson's adjusted rate of return is 2%, how much must he set aside today to protect himself? (Use the financial calculator to calculate) (Ensure Mode is set to Beginning and Compounding is set to Annual) Thompson would need a critical illness sum assured of RM On top of that, he would need an additional RM 80,000 for traditional treatment. Hence, his total critical illness sum assured would be RM
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