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 […]
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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
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What exactly is an annuity? If you’ve read anything about retirement planning in Singapore, you’ve probably come across the terms “annuity,” “annuity plan,” and “private annuity,” or what insurance companies refer to as a retirement income plan. An annuity, to put it simply, is an insurance product that provides a guaranteed lifelong income and can
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Dividends are popular among investors. To them, it represents a steady stream of profits from their investments. What exactly are dividends? The term “dividend” refers to the payout of a company’s or fund’s earnings to its investors. Dividends aren’t guaranteed like bank interest or bond coupons. However, there are businesses and investment vehicles that may
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What exactly is a Supplementary Retirement Scheme? The Supplementary Retirement Scheme (SRS) is a voluntary savings program designed to motivate people to save money for retirement on top of their CPF savings. CPF funds are frequently used for the down payment and mortgage loan payments, therefore we may want to look into other options, such
Should You Consider The Supplemental Retirement Scheme (SRS)? Read More »
There are a lot of conflicting emotions you could experience when you embark on your first steps into adulthood. Here’s a quick guide to getting yourself covered while avoiding common pitfalls on your first insurance journey. Challenges New Policyholders Typically Experience 1. Being Aware Of The Complexity Of Insurance Reading through insurance policy contracts can
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Understanding your cancer insurance coverage is crucial since, according to Singapore Cancer Society, 1 in 4 people will develop cancer at some point in their lifetime and 44 people are diagnosed with cancer every day (Singapore Cancer Society). Last April 1, 2023, the Integrated Shield Plans (IPs) has started some changes on their coverage plans.
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Considering the current inflation climate, it is clear that low inflation is not guaranteed. There will always be inflation. However, you and I may protect our purchasing power by investing in ways that outpace inflation. To combat inflation, you need a money-growing strategy that fits your needs, risk tolerance, and expected time horizon. Here are
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