insurance advisor

  We all are aware of the importance of health insurance. Even if you don’t already have your own Integrated Shield Plan, MediShield Life helps in the heavy lifting of hospitalisation costs that occur during an illness. However, not many are aware of the uniqueness of another form of medical coverage known as critical illness insurance . In fact, a study by LIA Singapore revealed that working adults in the country face a critical illness coverage gap of S$256,826 . That is no small figure by any means. Critical illness insurance pays you a lump sum if you are diagnosed with any of the critical illnesses covered in the plan. This payout can be used as you... READ MORE :  Debunking 4 myths associated with critical illness insurance plans

  Critical illness insurance is one of the most important products to add to your insurance portfolio. This form of insurance gives a lump sum payout if the insured is diagnosed with critical illnesses provided for in the coverage. This lump sum can truly help you stay afloat financially as you receive life-saving medical care. If you are wondering if you really need critical illness insurance, don’t worry, you’re not alone. It is quite normal to wonder about the specific benefits of a particular insurance product. In particular, you may question whether you even need critical illness insurance as you already are protected by your healthcare expenses by MediShield Life or an Integrated Shield Plan. The answer to that question is yes. Having a critical illness insurance at... READ MORE :   3 Reasons why you should not miss out on critical illness coverage

  Financial goals are different for each individual and are on a personal level. For some, it could be saving money to go abroad for further studies. For others, it could be about being financially sufficient at an early age. Your goal can be anything. However, in order to achieve it, you require considerable savings and a proper plan. Relying on savings alone might not be enough to help achieve your goal. Instead, focusing on financial growth can be beneficial. Listed below are ways in which you can make your wealth work for you: Make a budget plan: One of the best ways to focus on growing your wealth is establishing a proper budget plan. A budget plan will give you an idea about your spending habits, your existing debts, etc. When you make a detailed budget plan, it helps you identify where you... READ MORE :   How to grow your wealth towards achieving your life goals?

  The world is slowly recovering from the effects of COVID-19. Sectors which were impacted are yet to be back at the pre-pandemic level. One such major sector is real-estate. The pandemic drove up the prices of houses, where a potential new buyer had to take large amount of home loan in order to buy a house of their own. This is also evident in Singapore. The repayments of a home loan typically last for a substantial period of time. In the event of unforeseen circumstances like a sudden demise of the sole breadwinner, a family might find it tough to deal with repayments. This is where mortgage insurance can come in handy and listed below are its benefits: The premiums are low As a home owner, you would set aside a certain amount from your monthly income that will be used for repayment. This helps in keeping your expenses on track. In addition to home loan repayment, when you opt to invest in...  READ MORE :  How mortgage insurance can benefit you

  We all want the best for our parents. They have taken care of us all our lives, and now it is time to return the favour. In a few years’ time, your parents may want to retire and this will mean they have to manage their expenses without consistent income anymore. To ensure they live out the rest of their life with peace of mind, you can help plan their retirement savings and insurance coverage. So, how can you do that? To help you get started in your parents’ retirement planning , we have listed 6 tips that can set you on the right track... READ MORE :  Tips That May Help With Retirement