Investment Commentary from IPP
I got a recent mail from my financial advisor from IPP regarding the recent happenings to Lehman Brothers and AIG. Here’s the latest client communication. client-communication-2008-09-17-back-to-basics Lehman Brothers The #4 investment bank filed for Chapter 11 bankruptcy protection, which effectively buys the 158-year old US bank time to sell off its assets to creditors. Lehman’s [...]
AIA assures policyholders
After yesterday’s turmoil in the markets regarding Lehman Brothers and AIG, AIA in Singapore has issued a news release to all policyholders to assure them that their policies will still be valid and fulfilled independent of AIG. (AIA is a subsidiary of AIG). AIA has sufficient funds to tide over the crisis. To see their [...]
AIG scrambling?
The recent episode that happened to Lehman brothers and Merrill Lynch is causing a spread of fear in AIG’s assets too. Many insurance policy holders are anxious and are worried that in the event that AIG faces the same fate as the Big Brothers, their policies will turn to naught and would not be fulfillable. [...]
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 [...]
