Archive for July 2008
You are browsing the archives of 2008 July.
Insurance Policies in Singapore
This post summarises the types of insurance products mainly found in Singapore. Basically, insurance products are generally divided into 2 categories: policies with death coverage and policies without death coverage. Policies with Death Coverage1. Whole Life2. Term3. Investment Linked Products (ILP)4. Endowment5. Personal Accident (PA) Policies without Death Coverage *Do not have cash value/bonuses1. Hospitalisation [...]
10 Common Mistakes in Protection Planning
Protection Planning ought to be seen holistically in terms of financial planning. The core concepts of financial planning consists of:a. Wealth Protection (protecting what you have now)b. Wealth Accumulation (getting more than what you have now)c. Wealth Preservation (protecting what more you have gotten)d. Wealth Distribution (efficiently giving away all that you have got) Without [...]
