Wealth Protection Planning

This is the first and most important Pillar of Wealth. Without adequate protection, you will be vulnerable to the nasty effects of a chance misfortune, which will cause you and your family to suffer unnecessary and tremendous financial difficulties. Adequate planning helps to reduce the negative impact of unplanned misfortunes to ensure your lifestyle remains unaffected as much as possible.

Life Insurance
Life insurance provides a financial safety net for your family in the event of your death or total permanent disability. Options include term life for temporary coverage and whole life for lifelong protection. Legacy Planning can also be made afforable with Life Insurance, to provide Intergenerational Wealth for your family. We recommend at least 10-15x annual income coverage.

Disability Insurance
Disability insurance replaces lost income if you can’t work due to injury or illness, ensuring you can still meet financial obligations despite being unable to work. You can be insured for up to 75% of your income (up to a maximum limit), till you are age 65.

Long Term Care Insurance
Long term care insurance provides financial support if you require extended medical care due to old age, chronic illness, or disability. It covers expenses for nursing homes, home-based care, and daily living assistance, ensuring you receive the care required without depleting your savings. You can be insured for up to $5,000/month, if you were unable to perform 2 or 3 out of 6 ADLs (Activities of Daily Living).

Critical Illness Insurance
Critical illness insurance offers a lump sum payout upon diagnosis of serious conditions like cancer or heart attack. This helps cover treatment costs, loss of income, and supports your family during recovery. We recommend at least 5-10x annual income coverage.

Hospitalisation Insurance
Hospitalisation insurance covers medical expenses during hospital stays. While MediShield Life offers basic coverage, Integrated Shield Plans provide more comprehensive protection for higher-class wards and specialist treatments. This is one of the most important insurance that you need to consider, even if you were covered by your employer as part of your work benefits.

Personal Accident Insurance
Personal Accident insurance compensates for injuries, disabilities, or death due to accidents. It’s essential for financial protection against unexpected events, covering medical expenses and loss of income.  

Why Should You Plan with Ed?

  • I help provide clarity on which insurance is imporant for you, by utilizing Technology-Powered Financial Planning software
  • I ask the hard but important questions that you never discuss with you family
  • By providing detailed and visual Financial Reports with charts and tables, I help EMPOWER you to make an Informed Decision
  • We partner with 17 life insurance providers, and our robust Insurance Product Comparison in the proprietary LIME (Life Insurance Made Easy) platform help us identify the best products
  • Unbiased Advice – as an IFA, we are not affiliated or influenced by any Product Providers, so that we can give you the most unbiased advice

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Readers should seek independent, unbiased financial advice that is customised to their specific financial objectives, situation, and needs. This publication has not been reviewed by the Monetary Authority of Singapore.

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