There are several reasons why it may be beneficial to restructure an insurance portfolio:
1. Changing needs: As life circumstances change, so do insurance needs. For example, if you get married or have children, you may need more life insurance coverage.
2. Cost savings: As you age, the cost of certain types of insurance may increase. Restructuring your insurance portfolio can help you find more cost-effective coverage options.
3. Better coverage: Reviewing your insurance portfolio on a regular basis can help you identify gaps in coverage and make sure you have the right types and amounts of insurance to protect yourself and your loved ones.
4. Keeping up with new products: The insurance industry is constantly evolving, and new products and options may be available that better suit your needs.
Changing laws and regulations: Insurance laws and regulations can change over time, and it’s important to make sure your coverage is in compliance and that you are taking advantage of any available tax benefits.
5. Reviewing beneficiaries: It is important to review who the beneficiaries of your insurance policy are and make sure they are still accurate and appropriate.
Reviewing your investment: If you have a cash value policy, you may want to review how your money is invested, and make sure it aligns with your risk tolerance and long-term goals.
It’s important to review your insurance portfolio periodically, ideally at least once a year, and make any necessary adjustments to ensure that your coverage remains adequate and cost-effective.
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In compliance with the Personal Data Protection Act, Financial Alliance Pte Ltd (“FAPL”) seek your consent to collect and use your personal data (e.g. name, NRIC, contact numbers, mailing addresses, email addresses and photograph) for the purposes of and in accordance with FAPL’s Data Protection Policy, which can be found on FAPL’s website at https://fa.com.sg/data-protection-policy/.
根据《个人数据保护法》,鑫盟理财私人有限公司征求您的同意向您收集并使用您的个人信息。鑫盟理财将根据公司的个人数据保护政策所阐述的用途使用您的个人资料(例如姓名,证件号码,联系电话,邮寄地址,电邮地址和照片)。 该政策可在本公司网站上查寻,网址为 https://fa.com.sg/data-protection-policy/.
By submitting this form, you are deemed to have read and understood FAPL’s Personal Data Policy.
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