We at Singapore Financial Planners would like to wish our clients and everyone a Happy New Year! May 2020 be a blessed year for you and your loved ones. 😄
Caring for an elderly loved one is challenging – especially if we’re talking about cost. More so if your loved one is severely disabled. Studies show that 1 of 2 Singaporeans aged 65 and above face severe disabilities. Aside from the usual living expenses everyone faces, disabled individuals will require special long-term care. How are you going to fuel these additional financial costs? Eldershield is such a scheme where Singaporeans can tap into for situations like these. What is Eldershield? Eldershield is a severe disability insurance plan rolled out in September 2002 for Singaporeans and Permanent Residents (PRs) by the Singapore government. This insurance policy provides necessary financial assistance to those, especially older adults, who require long-term care. By long-term care, it means those who suffer from severe disabilities and cannot perform any 3 out of the 6 simple activities of daily living – dressing, bathing, going to the bathroom, transferring, and movi...
The AXA Pulsar is an investment-linked plan (ILP) that mainly focuses on investments. This ILP has one of the highest rates of returns available on the market as it allows you to invest in its various unique sub-funds. Criteria You need to be between 18 to 70 years old to be a policyholder (the owner of the plan) You need to be between 1 month to 70 years old to have your life assured under AXA Pulsar. This is if your entry age + the premium payment term chosen is below 75 years old. General Features Premium Payment Options Policyholders can either invest in SGD (Singapore Dollar) or USD (United States Dollar). You cannot alter the policy currency once the issuing of the policy is complete. Depending on your payment frequency, these are the minimum regular premiums: Monthly – SGD 300 Quarterly – SGD 900 or USD 900 Semi-Annual – SGD 1,800 or USD 1,800 Annual – SGD 3,600 or USD 3,600 Premium Payment Terms The premium payment term for the AXA...
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