Insurance

In this episode, I will share the comparison on how every dollar of premiums you pay is being used between whole life and term insurance. View the full list of podcast episodes published here. [...]

In this episode, I will share the reasons why we have been emphasising so much on using term insurance despite the absence of a maturity benefit – one of the main reasons for its [...]

Insurance should be used strictly for life protection. In most instances, it is a temporary need, the only exception is probably medical expense insurance. In this episode, I will share the [...]

Critical Illness Coverage, otherwise known as Dread Disease Coverage, is a type of insurance policy founded back in 1983 in South Africa. The coverage was founded primarily and simply with the [...]

When it comes to insurance, it is important to pay as little as you can and be covered for as much as you need. While many Singaporeans consider insurance an important part of their overall [...]

Two years ago, after a few months of research, thinking and hesitation, I surrendered a whole life insurance policy that I had purchased and replaced it with a term insurance policy. As it was [...]

Moving to another country is difficult in itself, let alone having to worry about your investments being drained by the country’s tax. In this episode, I have invited Will Price from [...]

The most recent changes to the Integrated Plan (IP) or sometimes known as the Integrated Shield Plan (ISP) caused a hot debate between the insurers and the doctors over the past 3 weeks. So, what [...]

In my previous article dated 28 November 2020, I wrote about universal life policies (ULPs) being touted as good instruments that allow the affluent to free up more cash for their retirement [...]

Since 2003, we have been advocating the use of term insurance instead of whole life policies. The thinking is pretty straightforward: the primary purpose of insurance is to replace income loss [...]

In 2019, the Life Insurance Association (LIA) proposed a revised set of standardised critical illness definitions that eventually were implemented by insurers. From 26 August 2020, all critical [...]

  Do you know which type of insurance is of the highest priority for you? The Covid-19 pandemic has resulted in Singaporeans becoming more aware of protecting themselves and their loved ones [...]

Long-term severe disability is one of the health risks that may befall a person. Usually, this is most likely to occur when a person is older. When someone suffers from long-term severe [...]

Since Providend started back in 2001, we have always adhered strictly to two guiding principles that differentiated us – One is to go on a fee-only basis to remove all conflict of interest and [...]

About a month ago, I gave a talk at the Seedly Personal Finance Festival entitled “Insurance – Cutting Out the Fluff” to an audience of almost 1200 young people. In the talk, I shared about how [...]

To all soon-to-be-parents, having a new addition to your family can be a wonderful yet nervous event. After nine months of preparation and anticipation, you are finally able to welcome your [...]

Worried about not having sufficient financial resources to take care of themselves if they meet with an accident or suffer an illness, a group of friends decided to come together at age 40 to [...]

Frequently Asked Questions Regarding CareShield Life 1. How is TPD insurance different from CareShield life in terms of coverage and payout? Is there an overlap? Total and Permanent Disability [...]

One of the key concerns of Singaporeans is that as we aged, we might be hit with severe disability and as such do not have enough financial resources to take care of ourselves. Severe disability [...]

Mark is a good friend of mine. Some years back he had the opportunity of his lifetime to build his dream house on a piece of land given to him by his grandfather and he had a budget of $1 [...]

Sometime in September last year, The Business Times reported that the average insurance coverage of a Singaporean is equivalent to only one year of his/her income. And according to an OCBC survey [...]

Most of us own whole life insurance plans. They are meant to protect us against death, disability or a major illness for our entire life. But do we really need insurance cover for our entire [...]

Since 2003, we have been advocating the use of term insurances. While many Singaporeans appreciated our beliefs, the insurance and financial planning industry fought it. We stood out like a sore [...]

When I started out my career as a financial adviser with an insurance company many years ago, I was taught that insurance products are a good instrument for accumulating one’s wealth. Not only do [...]

Life insurance is meant mainly to protect us against loss of income due to death, disability and a medical crisis. It is also meant to provide us with sufficient resources to pay for medical [...]

Finally, your baby has arrived. After nine months of anxious waiting, the climax at the delivery ward is awesome, especially for first-time parents. Before long from basking in your bundle of [...]