Connect with us


What if Phuket’s roads took you?



PHUKET: Over the last decade the number of well-known, and often very well-liked, expats who have perished on Phuket’s deadly roads seems to have increased at an alarming rate. Indeed, the most recent case has given me cause to revisit a topic nobody likes to speak about, yet the failure to address it could lead to some rather horrible consequences for your loved ones should the unthinkable come to pass. For every case we read about, where a long-term expat or tourist has passed away, there is almost always a loving family left behind, including, often, small children.

What is not usually thought about is that if proper protection has not been put in place, the mourning of the loss of the deceased’s loved ones is just the beginning of their nightmare. Being a single mother in the West is hard enough, but most often the earnings potential of a local mother in Thailand is simply not sufficient to continue to support a family with the same standard of living they have become accustomed to. International education costs being what they are, the difference this could make to the future of a small child could be enormous.

Sadly, most often a very inexpensive life insurance policy can mean the difference between a child’s future needs being met, or a mother struggling to get by in the midst of a tremendous loss, yet very often people do not put one in place. Unfortunately, many advisers in my industry are simply not very interested in the topic because it doesn’t pay as well as investments, yet in any highly regulated jurisdiction these protections are required to be in place before the conversation about investments is even allowed to begin.

Human nature also makes most people avoid doing anything about it because we naturally would like to believe car accidents or cancer are things that happen to other people and not us. Thus, we are quite happy to plan for retirement, but not for an untimely demise. The sad thing is that it is the ones we love, not ourselves, who will suffer if this comes to pass.

One common objection I have heard often here in Thailand is that many expats are afraid their wives will kill them if they put a big life insurance policy in place. Unfortunately, while I think many are just maybe a tad bit too jaded, this is something many out there actually fear. Putting aside my own feelings that if you really feel that way about your partner, you likely have no business trusting them to mother your children, you can set up a trust as beneficiary and ensure the money goes towards education or set a reasonable budget for living expenses and so on.

I like to look at life insurance, as well as health insurance, as the one time in my life I really hope that I am making a losing bet. If you have loved ones you care about, especially if there are small children in the picture and your partner does not have the earning potential to adequately meet their education needs, please do them a huge favor and get yourself covered.

David Mayes MBA lives in Phuket and provides wealth management services to expatriates around the globe, focusing on UK pension transfers. Faramond UK is regulated by the FCA and provides advice on taxation and pensions. He can be reached at or 085-335 8573.

— David Mayes


Get more from The Thaiger

Join the conversation and have your say on Thailand news published on The Thaiger.

Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.

Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.

Click to comment

You must be logged in to post a comment Login

Leave a Reply

Archiving articles from the Phuket Gazette circa 1998 - 2017. View the Phuket Gazette online archive and Digital Gazette PDF Prints.

Follow Thaiger by email:

World Cup33 mins ago

World cup to be shown in Thai prison

Economy1 hour ago

UK exports to Japan slump after ‘landmark’ free trade deal

Thailand2 hours ago

Try These Weird Thai Foods… If You Dare

Sponsored2 days ago

Where you can get cannabis in Bangkok

World20 hours ago

Thai gangs traffic Kenyans to Myanmar scam factories

South21 hours ago

Deep South emergency decree extended 3 months

Thailand21 hours ago

Why Is Thailand So Cheap?

Join the conversation on the Thaiger Talk forums today!
Expats22 hours ago

Phuket’s 5 best golf courses

Crime22 hours ago

Inmate who escaped Khon Kaen hospital back in custody

Coronavirus (Covid-19)23 hours ago

Masks recommended in crowds amid Covid increase

Crime1 day ago

Squabbling beach vendor gives rival a single bullet warning

Tourism1 day ago

Russian invasion takes Thailand’s tourism forces by surprise

Road deaths1 day ago

Late night drinking hopes dashed by Alcohol Control Committee

Thailand1 day ago

Why Pattaya? Is Pattaya worth visiting in 2023?

Transport1 day ago

Thai Airways appoint new CEO

Crime1 day ago

Private jet in ‘Tuhao’ case still flying free

Thailand1 year ago

Morning Top Stories Thailand | Police to end protests, Human Trafficking | September 14

Thailand2 years ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism2 years ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket2 years ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism2 years ago

Phuket Thai food treats you need to try | VIDEO

Thailand2 years ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism2 years ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand2 years ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand2 years ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand2 years ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand2 years ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand2 years ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand2 years ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand2 years ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand2 years ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11