3 Things You Should Know About the Changes In Health Insurance from 1 April 2021
3 Things You Should Know About the Changes In Health Insurance from 1 April 2021 Health insurance also referred to as hospitalisation insurance, is a fundamental component of any financial plan. Even before buying life insurance, I will always ensure that the client has this in place first. The reason is simple: Hospital bills can […]
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 […]
6 Actionable Ideas about Personal Finance that Resurfaced during the 2020 Coronavirus Pandemic
6 Actionable Ideas about Personal Finance that Resurfaced during the 2020 Coronavirus Pandemic It has been almost a year since the World Health Organisation (WHO) declared the coronavirus outbreak a pandemic. The pandemic disrupted the way we live, work, and play. And it also gave us new realizations about the state of our financial health. […]
Is the Supplementary Retirement Scheme (SRS) Worth Your While?
Is the Supplementary Retirement Scheme (SRS) Worth Your While? What is the Supplementary Retirement Scheme? The Supplementary Retirement Scheme (SRS) is a voluntary saving scheme to encourage individuals to save for retirement, over and above their CPF savings. As a sizeable portion of CPF money is often used for the down payment and to service […]
How does CareShield Life affect me? Should I switch to CareShield Life or stay put with ElderShield?
How does CareShield Life affect me? Should I switch to CareShield Life or stay put with ElderShield? In my previous article, I shared what one needs to know about CareShield Life, especially for those turning age 30 to 40 in 2020. This new and improved national scheme that replaces ElderShield was officially launched on 1 […]
Are you turning age 30 to 40 in 2020? Here’s What You Need to Know about CareShield Life.
Are you turning age 30 to 40 in 2020?Here’s What You Need to Know about CareShield Life The much-awaited CareShield Life is launched today, 1 October 2020. I have been getting some questions about this improved version of the ElderShield plan. And I thought it would be helpful if I could share with you what […]
Life Stage Planning – Make Financial Planning Part of Life Planning
Life Stage Planning – Make Financial Planning Part of Life Planning Just like how financial markets fluctuate, your finances and financial needs will also change with time. Fortunately, it is easier to predict the changes in your financial life stages than it is to predict the direction of the markets. Generally, most people pass through […]
How Much Life Insurance Do You Really Need?
How Much Of Life Insurance Do You Really Need? Everyone needs insurance, whether you are a young working adult, a new parent, a homemaker, or a retiree. According to the Life Insurance Association (LIA) Singapore, the mortality protection gap represents the financial gap to cover dependents’ needs such as outstanding mortgage and car loans, children’s […]
Banking on Your Employee Benefits Insurance? Think Again.
Banking on Your Employee Benefits Insurance? Think Again Most employees do not pay attention to their employee benefits insurance until a medical claim arises. And there are those who think they have adequate coverage given by the company, without checking exactly what they are covered for. So, does it make sense to depend on your […]