Insurance

Is It Worth Getting A Variable Universal Life Insurance (VUL)?

As I was searching for a life insurance to protect myself and my family, I came across a type of product through the help of my financial advisor. She recommended getting the Variable Universal Life (VUL) insurance policy. I was drawn by the unique fusion of life insurance and investment. For those of you who are unfamiliar with VUL, it is a type of life insurance policy with a built-in savings component (cash value). The cash value can be invested

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Insurance

How To Shield Yourself From Grab’s Surge Pricing

As a country whose location is near the Equator, Singapore experiences “dry and wet days” throughout the years. Generally speaking, the dry months last from March to August. While, the wet months typically span from September to February. Its tropical climate makes the weather unpredictable. The most convenient way to travel while it is raining is through a personal or a public car. There is no denying that hailing a cab becomes difficult when it is raining! What’s more? You

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Insurance

Insurance and Cancer: Tips to Buy Health Benefits

Insurance Policy

Purchasing health insurance can be a daunting task. It may be a tricky situation if your family member has cancer. Fortunately, you can make different choices that offer the best coverage for prescription drug and medical needs. These cautions and suggestions will help you to shop for policy for your cancer treatment: Plan Covers Your Clinics, Hospitals, and Doctors Evaluate your plan if it includes a cover for doctors, hospitals, and clinics.  Plans may change your preferred clinics, hospitals and

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Retirement

The Risky Assumptions When Planning Your Retirement

Have you ever wondered how much money do we need in our silver years to be able to afford our desired lifestyles? Most adults would be relying solely on their CPF funds to finance their retirement. Asset-rich but cash poor retirees could be thinking of renting their HDB flats out to supplement their retirement funds. There are indeed several ways to build up our retirement income. However, we must be mindful of avoiding some of the dangerous assumptions when planning

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Retirement

Why Investment-Linked Policies Still Have Its Merits

As consumers get savvier about insurance, the Do-It-Yourself (‘DIY’) approach of “Buy Term and Invest the Difference” is gradually gaining in popularity. Briefly, it is the combination of buying a term life insurance and investing the “savings” from the lower premiums being paid. This contrasts with Investment-Linked Policy (‘ILP’) which has both life insurance and investment components. An example would be the AIA Pro Achiever which has been designed to include both insurance and investment elements in the most optimal

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