Enhancements to ElderShield scheme

Some of you might have heard – our national long term care insurance scheme, ElderShield, will be enhanced and renamed as CareShield Life. This is a good move as Singapore’s population is rapidly aging with shrinking family sizes, hence a declining old-age support ratio. To be launched in 2020, some of its key points are below: CareShield…

The Lifecycle Financial Planning Approach

The lifecycle financial planning approach places all your financial activity into distinct time periods, or stages, with retirement acting as the final phase in the financial lifecycle. This approach is powerful as it provides you a clear framework for evaluating different decisions. Here are the 5 standard financial life stages encompassed in the lifecycle approach….

3 things about your employer-provided insurance you may not know

It is great if you are working in a company that provides you with benefits such as insurance. However, there are some limitations to employer-provided insurance that you should know. Here are 3 of them: 1. It’s a benefit, not a guarantee. Fact is, companies are not obligated to offer life or health insurance. Just because…

12 Questions to Ask when Reviewing Your Life Insurance Coverage

I recently came across an article about an expectant mum who found out she had stage 4 cancer at age 33. Feeling the unpredictability of life, I’m compelled to write this piece. Reviewing your life insurance coverage is a crucial part of financial planning and there are some key questions to ask to ensure you…

Should I get Disability Income Insurance?

and y How would you get by if u lose your ability to work and earn a paycheck every month? Financially speaking, working disability is worse than death. Our earning ability is our greatest asset and you are the golden goose that lay the golden eggs. Most insurance policies only pay when the golden goose…