Purchasing life insurance is a crucial step in securing the financial well-being of your loved ones in the face of life’s uncertainties. Among the various types of life insurance, term insurance stands out as a practical and cost-effective option for many individuals. Opting for term insurance is often the most budget-friendly approach to ensuring ample …
Following the Covid-19 pandemic, we witnessed negative inflation, a slowdown in growth, and market stimulus from central banks. Consequently, from 2020 to 2021, interest rates were kept low and, in certain situations, negative. However, in 2022, monetary policy decisions were made by central banks to increase interest rates due to ongoing inflation in the world …
Maximizing Your Savings Effortlessly: Strategies for Higher Interest Returns Read More »
Personal finance is a topic that affects everyone, yet it is often clouded by myths and misconceptions. These myths can lead individuals astray, hindering their ability to make informed decisions about their money. In this essay, we will debunk some prevalent personal finance myths, shedding light on the truths that can pave the way for …
Debunking Personal Finance Myths: Navigating the Truths for Financial Success Read More »
In a world marked by unpredictability and constant change, making sense of insurance becomes a crucial aspect of financial literacy and preparedness. As we navigate through uncertain times, understanding the nuances of insurance can provide us a significant sense of security and stability. Get Your Basics Right Insurance is a crucial aspect of financial planning, …
Ensuring Stability: Navigating the Maze of Insurance in Uncertain Times Read More »
Many Singaporeans are beginning to realize how “expensive” retiring is. The need for adequate income during retirement is a concern and a priority because it is likely that the cost of funding your golden years will rise due to inflation and higher living standards. We are likely to want to travel more when we are …
Maximizing Your Retirement Income: 4 Key Insurance Plans in Singapore Read More »
Getting married is a momentous occasion, marking the beginning of a lifelong journey together. Beyond the vows, celebrations, and newfound companionship, marriage brings about significant financial and legal implications. In Singapore, a city known for its vibrant culture and diverse population, it is essential for couples embarking on this exciting chapter of their lives to …
Comprehensive Insurance Checklist for Couples Embarking on Marriage in Singapore Read More »
Living with a special needs child or family member is a journey marked by love, dedication, and the need for unwavering support. It often entails making significant sacrifices in lifestyle and living arrangements. Financial planning for families with special needs children is of paramount importance, as it is a complex and lifelong commitment that comes …
Financial Planning for Families with Special Needs Children Read More »
Several IP riders have lately been introduced to provide greater coverage for cancer treatments. Here are the top five IP riders and what you should think about before purchasing one. Cancer remains Singapore’s number one health concern. Between 2016 and 2020, an average of 44 persons were diagnosed with cancer every day, according to the …
The average lifespan in Singapore is increasing. According to the Department of Statistics’ (DOS) latest data, life expectancy at birth stood at 80.7 years for males and 85.2 years for females in 2023. Comparatively, 79.2 years and 84 years were reached more than a decade ago. At the same time, the expense of healthcare has …
The Right Kinds of Retirement Insurance You Need Read More »
When you ask people if they heard of Disability Income Insurance (DII), you might just get their confused faces as an answer. They usually assume that the definition of disability for all life insurance products is the same with theTotal and Permanent Disability (TPD), which practically all of them have in coverage. But that’s not …
