Hospitalisation insurance is one of the most important insurance that we should have in our life. I always emphasize that we should get the best coverage for hospitalisation insurance because the likelihood of claim and the amount of claim can be large if hospitalisation happen. I’ve shared about different types of insurance and their roles … Read more
If you are born between 1980 and 1990, you are covered under Careshield Life, from 1st Oct 2020. What is Careshield Life? Careshield Life is a compulsory long-term care scheme administrated by the Singapore government. It provides life time coverage and lifetime cash payouts, in the event that you are unable to perform three ADLs … Read more
Singapore is one of the countries with the highest median death age or it simply means that Singaporeans live long lives. According to Worldbank, Singapore’s median death age was 65.7 years in 1960 (birth year) and has increased to 83.1 years in 2018 (birth year). That’s a compounded annual growth rate of 0.41%. Singstat has … Read more
I reached my financial independence at age 35. Career? No. I didn’t work hard in the office or climb the corporate ladder. Savings? No. I couldn’t be bothered to scrimp and save 50% -70% of my salary. I spent freely and foolishly. Investing? Not exactly. I wasn’t a genius investor. I have been investing since … Read more
Endowment plan, savings plan, retirement plan, investment plan, annuity plan… whatever you want to call it, the purpose of these plans is to grow your wealth. Some of them also come with protection value. These plans are usually structured in a complicated way, and although the benefit illustration should explain the benefits clearly, investors who … Read more