The Central Provident Fund Board (CPFB) announced on 2 October 2020 that, from 1 April 2021, CPF members under the Dependants’ Protection Scheme (DPS) will enjoy a higher sum assured of $70,000 at more attractive premiums. The scheme will also cover members up to age 65. Currently, the sum assured is $46,000 and DPS coverage is […]
Universal Life Insurance: How it fits into your legacy planning and retirement planning
Universal life insurance is one of the best solutions for legacy planning and retirement planning. It provides guaranteed returns and liquidity in a volatile time like now. But universal life insurance is a very complex and highly customizable product too. That is why it is often poorly advised, if not mis-sold. As a licensed independent […]
Zurich Early Stage Critical Illness Plan (Z Care)
Zurich Life Insurance Singapore has recently launched a new product Z Care which is regular premium critical illness plan which covers the Life Assured against any of the 30 Critical Illnesses. The plan has a unique Early Stage Critical Illness Option feature to claim up to 50 % against the policy for early stages of […]
The "Unnatural Death" of Financial Planning
Every Sunday night, Darren Lim will host a show called “Unnatural” on Channel 5. Every year there are more than 3,000 reports of unnatural deaths in Singapore, the show explores the various reasons behind them. In last Sunday’s Unnatural Episode 4, it was about a woman who had fever and was prescribed a kind of antibiotic […]