Tag Archives: insurance

Using Insurance to Supplement Retirement Funding Needs

I came across an article titled “Growing Your Wealth With Insurance” in the Business Times on 3 March 2016. This article is another timely reminder for us all to ensure that we have given due attention to retirement planning. The topic of retirement planning never goes ‘out of fashion’. Why? Because, at the end of the… Read More »

Get Your Act Together – No More Excuses Not to Review Your Insurance Needs

I sat down with a prospect, Ms M, on a Saturday afternoon to educate her on the different types of insurance policies and how they worked. She came to me because she did not have a clear idea of what she is paying for and that she had not done a review for the past… Read More »

To The Swinging Single – What You Need to Know About Your Financial Planning

A number of my professional single clients are enjoying ‘single-hood’ – either they have not met the right person or they have no plans to get married.  They also know that because there is a high chance of them remaining single throughout life, they have to be financially independent at every stage of their life… Read More »

Your Insurance Portfolio: Optimized or Obsolete?

Recently, I met up with a university friend who is in her mid 40’s. She was interested to have me review her existing insurance plans. She is single and her main concern is to be financially independent should anything happen to her. The other concern of hers is to be able to provide for her… Read More »

ILP – A Ticking Time Bomb

“Insurance ‘Time-bomb’ Set To Explode” This Straits Times article title caught my eyes way back in Feb 2005. A regular premium investment linked product (ILP) combines insurance with investment (unit trusts). The underlying investment risk is born entirely by the insured. This means that returns are subject to market volatility and hence, not guaranteed. Why then… Read More »

ILPs and Escalating Insurance Charges

I have many clients whom have bought regular premium Investment Linked Plans (ILPs). All are unaware of the escalating insurance (or mortality) charges as they have never been informed of these charges when they were sold the plans. So, you can imagine the disbelief on their faces when I explain to them the impact of… Read More »