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. 😄


Comments

Post a Comment

Popular posts from this blog

GREAT Wealth Multiplier Review

Image
A flexible endowment plan which allows you or your loved ones the option of making partial cash withdrawal at any time, the Great Eastern GREAT Wealth Multiplier aids you in attaining your financial needs/goals for the future. Not only that, but this plan also provides you with a piece of mind by guaranteeing your capital after a certain period. Criteria Minimum premium payment term of 5 years No medical underwriting needed   Features Policy Terms You can choose between a policy term of 5, 10, or 15 years with the Great Eastern GREAT Wealth Multiplier II. By choosing the 5 or 10-year premium payment duration, the capital that you invested in will be guaranteed after your 15th policy year. Whereas for the 15-year premium payment, your capital is only guaranteed after your 20th policy year. Premium Allocation 100% of your premiums paid will be allocated to purchase the participating fund units. As of 31st December 2020, the allocation of your premiums is as shown in ...
Read more

Complete Guide to Eldershield

Image
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...
Read more

Guide to Your Child’s Education Planning in Singapore

With the rising cost of living and the growing necessity of having qualifications to climb up the ranks in most companies, many parents and individuals realise the importance of having a degree. However, many simply can’t afford the exorbitant university tuition fees unless they take up loans. If you’re interested in finding out how to pay for your child’s university education without him/her taking a loan, continue reading to determine how you can conduct education planning in Singapore.   What is Education Planning? Education planning is to proactively identify, develop, and implement approaches to efficiently attain the educational needs and goals for your child. This includes ensuring that you have enough funds for yourself while making plans for your child’s education. Parenting involves several obligations, from caring for the child’s physical needs, imparting values to mapping their future. All of these duties may stack up as you juggle with your daily life. Besides,...
Read more