Singapore Financial Planners

AIA Secure Flexi Term is a regular premium non-participating term life insurance policy that offers protection at relatively affordable rates and allows you to renew your policy on a regular basis. It offers additional benefits to enhance your coverage such as the Total and Permanent Disability (TPD) Benefit and the Critical Illness (CI) Benefit. Product Features Policy Terms AIA Secure Flexi Term allows you to select between 2 options for your coverage term. You have the choice of choosing a renewable term of 5, 10, 20, or 30 years, or a level term of up to 65 or 75 years old. You can renew your policy at the end of each term until the age of 101. Premium Payment Terms & Options Your premiums are due for the duration of your basic policy, and the rates are guaranteed and will stay constant during the policy term you select. Do note that at the policy renewal time, the premium rates are based on the rates applicable to the life assured’s age and are not guaranteed at that...

By now you’d already know the differences between term insurance and whole life insurance . And after reading whether you should get a term plan or a life plan , you decide that a term plan suits your needs and budget best. Lucky for you, we’ve shortlisted the best term plans in Singapore that you can choose from. Comparison of Term Insurance Policies in Singapore (2021) Firstly, here’s a high-level comparison of the common term insurance plans available in Singapore to help you in your decision-making process. With the above details, we select the best term plans in Singapore based on different criteria, read on! Best Term Plans in Singapore There are several sorts of term plans available in Singapore. This article will highlight the best term life insurance for you based on your coverage needs and the different criteria below. Best Cheapest Term Plan – China Taiping i-Protect The best cheapest term plan is China Taiping’s i-Protect. This category exists because you migh...

One of the most prevalent worries that parents have is leaving their loved ones forever unexpectedly. Most people counter this by getting life insurance so that their children can receive a death benefit when that happens. Say you have been working for a certain number of years and have saved up some money which you do not see yourself having to use. Under this circumstance, a single premium whole life (SPWL) insurance might be better to safeguard your family’s interest in the event that something happens to you. Read on to find out more about what SPWL insurance is and how it differs from your regular whole life insurance. What is single premium whole life insurance?  Single-Premium refers to the one-time, upfront premium payable at the start of the policy term. Life insurance offers you a death benefit that is payable to your loved ones at the onset of your death, or in some instances when you turn 100 years old. It is essentially a whole life insurance policy that only r...

In this day and age, earning an income with some kind of investment is totally normal. This simply means that you are looking for ways to get high liquidity and good returns in order to save up for your emergency fund. With many kinds of financial institutions around, one of the most common ones in Singapore is cash management accounts. Now, if you look up the internet for opening a cash management account in Singapore, you will find a number of them! So, how do you know which one is the best for you and will help you earn returns? If these are some of the questions you have in mind, this post will help clear your doubts. Welcome to the complete guide to cash management accounts in Singapore! What are Cash Management Accounts, and How Do They Work? Cash management accounts work in a similar manner as regular saving accounts opened with banks. The difference being that you open these accounts with financial institutions other than banks. These could be investment platforms or br...

Criteria PRUActive Life II is a life insurance policy that allows you to choose a commitment term of between 5 to 35 years. A plus point about this policy is the variety of benefits you can include in your policy, enhancing your protection in customisable ways. Basic Product Features Coverage Before you know what types of coverage PRUActive Life II offers, one of their main features is the life benefit multiplier. The life benefit multiplier will allow you to boost your coverage against death, terminal illness, total and permanent disability, and critical illness at different stages of life. The percentage of coverage will be determined by your preference and should be declared at the commencement of your policy date. The following reflects the different multiplier amounts you can opt for: Death There are 2 occurrences that can happen in the case of death: Occurrence  Payout    The policyholder has added the multiplier benefit prior or dies before the s...

Aviva’s MyLongTermCare and MyLongTermCare Plus provide coverage for severe disability. Meant to supplement your CareShield Life coverage, this plan provides you with a monthly payout if you’re severely disabled. In case you’re wondering what CareShield Life is, we provide a quick crash course on it in the section below. If not, skip ahead to the second section to dive straight into the features of MyLongTermCare and MyLongTermCare Plus and find out whether it is for you. What is CareShield Life? A long-term care scheme set up by the government with our greying population in mind, CareShield Life alleviates the financial burdens that come hand in hand with severe disability. It provides you with a monthly payout for as long as you’re severely disabled. Here’s a quick view of what it is you need to know: Compulsory; you are automatically enrolled when you turn 30, regardless of any pre-existing conditions or disability Premiums are fully paid using MediSave and coverage is for li...

With investing being all the rage with young adults in Singapore these days, has it ever occured to you that you might be able to use your Central Provident Fund (CPF) to make investments too? With the CPF Investment Scheme (CPFIS) you can do just that. There are a plethora of investment options available under the CPFIS that even the most proficient investors might be unaware of. Read on to find out more about CPFIS and how this scheme might be beneficial for you. What is CPF Investment Scheme (CPFIS)? The CPF Investment Scheme (CPFIS) is one of the schemes provided by the CPF Board. CPFIS enables CPF members to use a fraction of their Ordinary Account (CPF-OA) and/or Special Account (CPF-SA) for investment purposes. As a result, it can help to enhance the security of your retired life. Isn’t my CPF money already accruing interest? Yes, you’re right. However, unlike your typical CPF accounts which are mandatory to make contributions to, taking up the CPFIS isn’t. This scheme ...