You are officially financially independent, and ready to start accumulating and planning for some of your most important milestones – Marriage and Housing. While that could take the next 3-5 years to achieve, you may need to first consider laying the foundation of your financial plan, to make sure that your savings are protected in the event of hospitalization. In the event of an Early/Intermediate/Advanced Critical Illness, you may have to stop work temporarily to focus on the best recovery. Hence, a lump sum payout could help to take care of your fixed expenses for an extended period.
Priority: Hospitalization -> Critical Illness Protection
Other Considerations: Disability -> Accident Cover
If you like to understand more, do drop me a message below…
Wee Khai 