Roy Walker IFA - Financial Adviser In Dubai

Malcolm Munroe, from Manchester in UK, built a thriving construction company in Dubai. In 2013, he suffered a stroke, and was hospitalised at Rashid Hospital. He was immobile, and breathing through an oxygen tube. Because he couldn’t work, his business went bust owing debts. The Dubai courts sentenced him to a three-year jail sentence . He didn’t go to prison, because he needed around-the-clock care in hospital. But neither could he service his debt. He was trapped in Dubai . Finally Home The kindness of others led to him finally coming home. A healthcare volunteer in Dubai spent over a year communicating with Mr Munroe’s debtors, to explain his situation and beg for his debts to be forgiven. Another medic from Manchester arranged for Mr Munroe’s return to the UK, and thousands of pounds was donated by well-wishers via a crowdfunding site to cover costs. His family finally welcomed him ‘home’ (the Salford Royal Hospital) in May 2018, where he remains (as at June 2018) under twenty-...

If you have an accident and become disabled so cannot work, or are diagnosed with a serious critical illness, … how will you survive financially? How will you live? Who will take care of you? Now, it’s self-evident that if your family relies on our income, then you need life insurance. What’s not so obvious is the other types of financial protection that are available, and why you might need them. Have no dependents and think you don’t need insurance? Think again… What’s The Point of Critical Illness Cover? People are living longer. The average lifespan of men and women is steadily increasing as a result of numerous factors - healthier lifestyles, nuturitional factors, and even simple genetics. Also, of course, the incredible advances in medical fields such as diagnostices, pharmaceticals, and surgical techniques amongst many others. Diseases and conditions that two decades were a death sentence are now quite survivable. But staying alive does not necessarily mean recovery or return to...

Professionals working abroad, and their families, have particular needs for health insurance. When you are away from your home country, access to quality healthcare is essential - both for emergencies and also general medical treatments that may be required from time to time. It is important to plan for the uncertainty of illness or injury, to make sure you can afford private medical care at the times you need it. If you took out health insurance back home, and haven’t checked if you’re covered when living abroad - check now ! National health insurance schemes have restrictions on cover when travelling abroad - they are not designed for those planning to permanently move abroad and cover often lapses after 90 days. That’s why you’ll need to look at options available from the specialist firms that provide international cover for expatriates. There are a wide range of policies available and numerous international medical insurance institutions. Using a broker will save you time and also ...

There are several different types of insurance, and if you download the LIA Guide To Life Insurance you will see Singapore-licenced products described such as Whole of Life, Universal Life and Term Life. A key feature for international professionals is portability - meaning that once the policy is in place, your coverage will stay in place pretty much wherever you live in the future. For expatriates and local professionals in Singapore, a common and popular form of life insurance (for insurance not investment purposes) is Term Insurance. Term Insurance Term insurance pays out a fixed sum on the death of the life assured. A term insurance policy provides life cover for a certain period of time, e.g. 20 years, so long as the premiums are paid regularly (usually monthly or annually). A term insurance policy for life cover only usually has a fixed premium due, which is guaranteed not to rise in the future as you get older. A term insurance policy does not accrue any cash-in value. At the...

If you have a spouse or family that is dependent on your income , then you need life insurance. Many professionals have some form of life insurance provided by their employer - called ‘death in service’ benefit. This might have a payout value of typically between 3 to 4 times salary. The problem is, because that sounds initially like a lot of money, many of us don’t bother to work out the actual amount of life cover we need. Moreover, we might not properly understand the terms of our employers insurance - does it apply at weekends? Holiday? What happens if I leave my job? When I sit down with clients to find out what is the true level of life insurance needed, it’s not uncommon to discover that perhaps 10 to 12 times salary should be the basic minimum. If you are an expat with life cover issued back in your home country - check your policy! Many onshore life insurance policies will not provide cover once you move abroad ; in which case, your monthly premium payments are wasted. Working...