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Category: Insurance Planning

Why Reviewing Your Critical Illness Coverage Is the Smartest Year-End Move

Before year-end, if we had to pick just one critical financial planning action most people overlook, it would be this: Review and update your insurance coverage, especially critical illness protection. Why this tops the list While debt reduction and legacy planning are vital, the financial shock of a major illness can derail both your savings […]

Retirement Ready: Are You Prepared for Rising Healthcare Costs in Your Golden Years?

A recent article Five in seven insurers to jack up private hospital premiums under Integrated Shield Plans published in The Business Times on 3 September 2024 brought our attention to forthcoming premium hikes to Integrated Shield Plans and riders. Lifetime premiums for the most costly private hospital plans and riders may approach or even exceed […]

Can Insurance Be Seen As An Investment For Your Loved Ones?

Let us take a look at an example. Mr. Andrew Tan is age 35. He is married to his homemaker wife, Susie, and they have two young sons who are 3 and 6 years old. He takes up a term life insurance policy worth $1 million, covering him for Death and Total & Permanent Disability […]

Launch Of The Cancer Drug List: How Might This Impact You?

This headline in The Straits Times caught my eyes back in April this year. Ms. Koh is a bile duct cancer patient. She is insured under a Great Eastern Integrated Shield (IP) plan that covers private hospital care and a rider that pays a portion of the bill. Even though the cost of treatment would […]

Ladies, Protect Yourself First Before Caring For Your Loved Ones

I was recently interviewed by the Chinese newspaper Lian He Zao Bao, for an article on women and caregiving that was published on Sunday, 10 April 2022. The translated title reads “Ladies, Protect Yourself First Before Caring For Your Loved Ones”. Here, I’m sharing with you the interview questions and my response. Hi Karen, thank […]

Critical Illness Insurance is More Crucial Than Ever Before

Critical Illness Insurance is More Crucial Than Ever Before Insurance is a great risk management tool that you can get at an affordable price in exchange for the leverage it gives you. Insurance is fundamental in a sound financial plan. The financial burden can be tremendous when unforeseen happens. Your plans and goals can derail […]

Why is it important for women to close the financial literacy gap today?

Why Is It Important For Women To Close The Financial Literacy Gap Today? Financial literacy is the key to good money decisions. And good decisions are needed for financial stability and independence which are crucial in Singapore. We are, after all, not a welfare state and we are encouraged to secure our own resources for […]

Which is Better – Term Life or Whole Life Insurance?

Which is Better – Term Life or Whole Life Insurance? An insurance policy provides protection for financial losses suffered as a result of a particular event. Such events include death and total and permanent disability (TPD). To put it simply, a life insurance policy is designed such that if you die or are unable to […]