insurance advisor

Have you ever wondered whether life insurance is really necessary? Perhaps, you plan to put off buying this form of coverage until later. Or, you may have heard that your savings and investments will suffice for your loved ones if something unfortunate happens to you. However, that may not be the case. Life is unpredictable; unfortunate circumstances can befall any of us anytime. A life insurance plan can turn out to be the safety net you need. Life insurance can give you peace of mind while going about life’s priorities and milestones. You can choose between term insurance and whole life insurance , depending on your requirements and budget. Term plans cover you for a fixed period and can be great for securing certain life goals such as your child’s university fees. A whole life plan covers you for the entirety of your life. Whole life insurance can be a participating plan with dividends or a non-participating one for pure protection. In this article, we will take a closer look at t...

A critical illness insurance plan pays you a lump sum amount if you are diagnosed with any of the illnesses covered. Life Insurance Association (LIA) has listed down 37 critical illnesses that need to be covered by every insurer in Singapore. Some of the illnesses covered include major cancers, coronary artery by-pass surgery, end stage kidney failure, irreversible aplastic anaemia, coma, severe bacterial meningitis, blindness, and loss of independent existence, among others. As one can imagine, being affected by any of these conditions might have a large impact to a person’s and his/her family’s lives. One might need to stop work and seek medical treatment which may be costly. This brings us to an important question – how does one manage their financial needs and obligations and stay financially protected from being diagnosed with a critical illness? The answer to that question lies in choosing the right sum assured in critical illness insurance. In this article, we will show you ho...