Singapore Financial Planners

ManuProtect Term (II) is a non-participating term life plan from Manulife. The basic plan covers death and terminal illness, with the option to add on a total and permanent disability (TPD) rider and other critical illness (CI) riders. It is available as a renewable term or level term plan depending on your selected policy term. Criteria Minimum sum assured of S$75,000 Coverage up to age 85 Product Features Policy Term Depending on whether you want a level or renewable term policy, there are various policy terms you can choose from such as: 5 or 10 years (renewable & convertible) 11 to 40 years (level & convertible); or Coverage up to age 65, 75 or 85 (level & convertible) Premium Term & Options ManuProtect Term (II) is only available as a regular premium plan, with level and guaranteed premiums throughout the policy term. You can opt for a premium payment frequency of monthly, quarterly, half-yearly, or annually. Comparison of Premiums for Level &...

The PRUGolden Retirement is a regular premium participating endowment plan  that provides you with a lump sum amount upon maturity. Similar to an annuity policy , this plan’s purpose is to support you with a monthly income so that you can enjoy your golden retirement years. PRUGolden Retirement also provides financial protection against death and disability caused by accidents. Criteria No medical check-up needed Features Policy Terms With PRUGolden Retirement, you can choose to pay either a fixed premium term of 5 years, or a standard premium term of up to 5 years before your chosen retirement age of either 60 or 65 years old. You are also able to select your monthly income period of either 10, 15, or 20 years. This retirement plan consists of a guaranteed and a non-guaranteed monthly income, along with a maturity bonus. The non-guaranteed monthly income will be determined by the fund’s future performance, whereas the guaranteed monthly income will be paid regardless of...

The Aviva MyProtector-Term Plan II is a non-participating level term life insurance that allows you to tailor your coverage to your needs. It offers Interim Cover against Accidental Death, additional coverage through Total & Permanent Disability (TPD), and Critical Illness (CI) riders, as well as Premium Waivers. Criteria  Minimum sum assured of $100k   Product Features Policy Terms The Aviva MyProtector-Term Plan II is available as a Single, Joint, and Third-Party Policy. The single policy is available for self-purchase, joint policy for co-insurance of 2 parties, and third party policy if you are purchasing for another individual. In the Joint Policy: Payouts will be reimbursed for the first Life Assured that encounters death or terminal illness. Should one of them die, the policy rights, options, title and interest will go to the surviving Life Assured. Both parties are entitled to raise policy transaction requests.   You may choose from the follow...

Many Singaporeans understand that it is important to get critical illness (CI) insurance to protect themselves against, well, critical illness. However, most fail to realise that their coverage is only for mid to late-stage critical illness. Upon diagnosis of early-stage critical illnesses, they realise that they do not receive any compensation from both their health insurance and CI insurance. That’s where it’s important to know the differences between early critical illness (ECI) and CI insurance. The difference between Early Critical Illness and Critical Illness Insurance Early Critical Illness Insurance Early critical illness insurance is insurance that covers all the early stages of the 37 different types of critical illnesses registered by the Life Insurance Association Singapore (LIA). It can be additional support that will be with you during your tough times for the short term or even for your whole life, depending on your policy. Depending on the ECI policy, you w...

What is Estate Planning? Estate planning is a secure and legal way to transfer your assets to a nominee or nominees after you pass away or become powerless. People follow this process worldwide, and it is one of the best ways to secure the lives of your loved ones after your death. Often inheritance of assets through estate planning follows up with inheritance tax. But you need not worry about such taxes because, in Singapore, these taxes are not payable for those who have died on or after February 15, 2008. Terms in Estate Planning That You Should Know Some terms to keep in mind to understand estate planning are: Trusts Singapore is a great financial place for people who want to set up their trusts. This is because the country has a good business environment, a well-legalised system, a competitive setting, a good location, and a strong set of laws in the finance area. Alternate beneficiary This is an individual who acts as a substitute for the primary beneficiary if the latter...

A non-participating term life insurance policy, PRUActive Term provides flexibility to adjust your coverage as your needs change and to select a policy and premium term best suited for you. It covers Death, Total and Permanent Disability (TPD), and Terminal Illness (TI), and offers the option to add on various Critical Illness Riders. Criteria Minimum sum assured of 100k Policy entry age between 18 and 75 Product Features Policy Terms With a wide range of policy terms from 10 to 82 years, you can choose a term suitable for your needs. Premium Payment Terms & Options The policy is only available as a regular premium policy with the option to select a premium payment term between 5 to 82 years. Payment frequency modes include monthly, quarterly, half-yearly, or annually. Selected policy and premium terms do not have to be the same. Although there is no minimum premium payment, there is a minimum sum assured. Factors like your age, gender, sum assured, chosen policy and pr...

Many of us may crave for greater financial freedom. However, not many of us have the appetite to take great risks with our money. If you’re scrolling and probing around for alternatives to invest safely in, then you might want to read on to find out more about what the Singapore Savings Bonds can do for you. What are SSBs? Short for Singapore Savings Bonds, these are bonds that are issued by the Monetary Authority of Singapore (MAS) on a monthly basis and are backed by the government. As the name suggests, these Singapore Savings Bonds aim to help Singaporeans save more in the long-term, and in a secure manner. Cutting to the chase, what you might be most interested in is the face value of the bond. Upon maturity, you receive your entire capital together with all the coupons you’ve earned throughout the period. Typically, the Singapore Savings Bonds take 10 years to mature. Your total payout will then be dependent on the coupon rates from the month you have decided to invest. Say...