that is the time period when your changes is higher or having more probability of winning the bet.

in another way round,..."Is it worth to buy a medical coverage when it "young" when the probability of needing it is very little eventhough the premium is not costly?"

you had been paying the money for so many years,...look at the accumulated money paid and the opportunity cost of if those money paid are invested in equities....
if you don't continue,...all coverage for it are GONE, money BURNED..
wouldn't it worthy it to continue to pay knowing that probabilities of you will need it very soon? (OLD does not mean SURE kena hospital stays but the chances of illness are alot higher)

worth it or not is very subjective,....
depends for examples,
on your financial standing at that time,...
do you still have income at age 70 to continue to pay or your dependents has the capability and also want to pay for you?
do you need to keep up with the JONES,...or your Tai Chi or morning walks or Tim Sum kakis where if they always talked about private hospitals only? are you ok ONLY with private hospitals or are you ALSO ok with Govt hospitals stays?
do you have the financial to pay for your hospital stays by your own?
do you have enough of retirement fund just for your normal expenses or your retirement fund is alot more that enough to cater for the cost of hospitalization in a private hospitals too?
do your dependents willing and capable to pay for you?

if not sure,...i think that is what insurance is for,...just not sure and just in case.
worth it or not,...it depends

This post has been edited by yklooi: Oct 3 2021, 08:41 AM