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...
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 ...
With a variety of securities available for you to choose from, it can be challenging to choose one to begin with. If you’re new to investing and wish to look into beginner-friendly financial instruments, Exchange Traded Funds (ETFs) might be the choice for you. Here’s our guide to investing in ETFs in Singapore. What is an ETF, and how does it work? An exchange-traded fund — most commonly known only as “ETF” — is a fund that pools money from various investors to purchase a basket of assets that aims to track a selected market index. This collection of assets is created and passively managed by fund managers before being purchased by the general public through brokerages. Since ETFs are available to the public, you can purchase them in different ways like margins, short sales, or even keep them for a longer-term by holding them. Investing in ETFs allows you to diversify your investments to manage risks. It also provides you with comfort as you don’t have to worry about individual...
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