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 in the event of critical illness, hospitalisation and death. It has been reported that the insurance industry has been seeing strong demand for certain products despite the economic downturn – https://www.straitstimes.com/business/pandemic-fuels-demand-for-some-insurance-products
Although it’s important to have insurance to mitigate against different risks, there is a cost — not just in dollars — to being over-insured.
Watch this video by Christopher Tan, CEO of Providend, as he shares in detail the role of insurance in your financial plan and the questions you should ask before taking up an insurance product.
For more related resources, check out:
1. New Critical Illness Standardisation (2019) and Its Implications
2. Why Most Needs Can Be Covered By Term Insurance
3. Uncovering the Sales Ideas behind Whole Life Plans
We do not charge a fee at the first consultation meeting. If you would like an honest second opinion on your current investment portfolio, financial and/or retirement plan, make an appointment with us today.