Articles
Understanding Retirement Income
Retirees need a reliable stream of income to fund their living expenses. This income stream can come from several sources such as CPF LIFE, annuities, rental income and dividends. They could also fund their retirement lifestyle by drawing down from bank deposits and...
Are You Overpaying for your Life Insurance?
It strikes me hard that for majority people of the people whom I know, they are paying a significant amount from their hard-earned income for their insurance but yet, are still severely underinsured. Amount of Premiums We Pay =/= Enough Insurance Coverage for...
Understanding MediShield Life & What Should You Do (Part 4: How To Choose The Right Plan?)
Hospitalisation insurance is one of the most important policies everyone should have. Without it, one could be easily saddled with huge medical bills that would cause havoc to his/her financial life. With the advancements in the medical industry, many conditions are...
Understanding MediShield Life & What Should You Do (Part 3: Integrated Shield Plans – Uncovered Problems And Proposed Solutions)
While MediShield Life will be offering better benefits than its predecessor, MediShield, it is nonetheless meant for hospitalisation in B2/C wards. People who want higher class wards in B1/A or even at private hospitals would have to purchase Integrated Shield Plans...
Understanding MediShield Life & What Should You Do (Part 2: Is MediShield Life Affordable?)
With better insurance benefits and universal coverage that includes all regardless of one's health condition, the new MediShield Life premiums will naturally cost more. The burning question is how affordable it is going to be and who will be most affected? This...
Understanding MediShield Life & What Should You Do (Part 1: MediShield Life in a Nutshell)
MediShield Life is a significant upgrade of the current MediShield to help address the basic healthcare needs of Singapore. Beginning in end 2015, all Singapore citizens and permanent residents will be included in the new compulsory scheme, regardless of age and...
The Case For Term Insurance
Since 2003, we have been advocating the use of term insurance. While many Singaporeans appreciated our beliefs, the insurance and financial planning industry fought it. We stood out like a sore thumb and were a lone voice. So it was very encouraging for me when during...
