Articles
Have You Done These Must-Dos Before You Invest?
The journey to begin to invest is a difficult path on its own. Most people are attracted by the high returns that investments could potentially provide but fail to understand the risks of investing. Many investors jump into the sea of investments and end up drowning....
Realisations Of A Financial Adviser
In November 2004, when I wrote in this column on why one should use term insurances instead of whole life plans, I never expected it to create such a great interest. Over the last 2 months, I received letters, emails, forum threads and phone calls expressing their...
5 Money Tips Fresh Graduates In Singapore Need To Know
Congratulations on your graduation! You have completed almost 2 decades of formal schooling. I savoured the time when I graduated, I was on my own to forge my path ahead. Receiving my first full-time pay was exciting but the excitement faded as quickly as it came....
Compare & Save on Life Insurance and Key Differences of Direct Purchase Insurance (DPI)
Under the Financial Advisory Industry Review (FAIR) by the Monetary Authority of Singapore (MAS), the MAS has launched initiatives to create a more competitive market for insurance products and empower consumers to make informed decisions through better access to...
Answers To Singaporeans’ Top 5 Questions On Insurance
I feel a large sense of injustice when I hear my peers paying large sums of money for their insurance plans and yet, they do not have the essential insurance coverage they need. It could be disastrous for them if they meet a crisis. Have you been introduced to...
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...
