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. 😄
CareShield Life, which is a new basic long-term care insurance scheme, is in operation in Singapore. This disability insurance scheme is not entirely a new thing. Before, it was known as ElderShield. However, there are some critical differences between them regarding eligibility, premiums, premium payment term, and duration of payout. All Singaporeans aged 40 and below will automatically come under CareShield Life from October 2020. And Singaporeans under this category will have no option to leave the scheme. So, if you’re one of them, this comparison article might not probably be relevant. Please spend some time reading our guide on CareShield Life here. However, if you’re more than 40 years old, this article is for you. The decision you need to make is to choose to stay with CareShield Life or opt-out altogether. This article aims to provide you with pointers to help you make an informed decision. And through which, hopefully, you understand what suits you best while also not b...
Singapore is one of the few countries where investing is as common as buying groceries. Among the many assets, in recent years, Singaporeans have been leaning more toward Real Estate Investment Trusts (REITs). 16% of the citizens in Singapore invest in REITs which makes around 464,000 people from the whole population. And considering the diversification and high yield of REITs, we are not in the least surprised! REITs allow ordinary citizens to invest in properties without owning any building or apartment. The beauty of this asset is that you get to boost your active and passive income without spending millions on purchasing a property. Yes, you can put your money in a savings account , but that won’t get you anywhere near the earnings a REITs dividend can provide! The Singapore Exchange Market (SGX) currently has 44 REITs listed which makes it hard to choose. But you don’t have to worry about that, because I did the research for you! Without any more delay, let’s see what ar...
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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