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Living Without an Arm or a Leg

In: Managing Your Personal Finance From Start of Career to Retirement and More

Author

Listed:
  • Wai Mun Fong
  • Benedict Koh

Abstract

Dear David,Watching a recent re-run of Superman: The Movie brought back a flood of childhood memories. When I was a kid, there was no question who the superhero was. Handsome, invincible, defender of good against evil, the Man of Steel was at the same time disarmingly human and vulnerable as the bespectacled Clark Kent. Well, vulnerability was something that the on-screen Superman, Christopher Reeve, experienced in real life in a tragic horse-riding accident that left him paralysed from the neck down. That happened in May 1995. Reeve was 42, at the prime of his acting career. The accident also dealt a big financial blow to Reeve. While he was covered by a health insurance policy, the benefits had a lifetime cap of US$l.2 million. Reeve’s medical bills, however, soon exceeded this amount. Were it not for continuing help from a wealthy close friend, Reeve would also be in pretty bad shape financially…

Suggested Citation

  • Wai Mun Fong & Benedict Koh, 2020. "Living Without an Arm or a Leg," World Scientific Book Chapters, in: Managing Your Personal Finance From Start of Career to Retirement and More, chapter 20, pages 137-142, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811212574_0020
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    More about this item

    Keywords

    Personal Finance; Investment; Managing Money; Retirement planning; College planning; Borrowing; Buying Bonds; Investing in Real Estate; Estate Planning;
    All these keywords.

    JEL classification:

    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance

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