Jack has been diligently saving and investing, but a sudden illness throws his carefully laid plans into disarray. Jack finds himself facing overwhelming medical expenses, a lost of income, and struggling to provide for his family.
This is a reality many Singaporeans face because they are under-insured.
You might think you’re covered, but the truth is your financial needs change over time. Just like a growing child needs a new wardrobe, your insurance needs evolve too.
You are not alone in this. Many people make common mistakes that leave them vulnerable.
Do any of these sound familiar?
Saving More but Protecting Less: Wanting to maximise your dollar, you might have prioritised savings plans over protection plans. While savings plans offer better returns, they may not provide enough coverage for unforeseen circumstances.
Lower Sum Assured on Your ILP: Some Investment-Linked Policies (ILP) allow you to choose your sum assured. If you opted for a lower amount, you might be investing more in unit trusts while sacrificing crucial coverage.
The “Many Small Policies” Trap: Having multiple policies with small sum assured amounts might seem adequate at first. However, as inflation and your income rise, these policies may become insufficient to meet your current needs.
Prioritising Non-Core Coverage: Financial institutions may promote various insurance products, including travel, personal accident, and hospital cash policies. While these have their merits, they may not provide the fundamental protection you truly need:
Missing Coverage in Key Areas: You may have adequate death and disability coverage but lack protection against critical illnesses. It’s crucial to emphasise the need for comprehensive coverage across all key areas.
Don’t Wait for a Crisis to Strike.
At Financial Alliance, the largest independent financial advisory firm in Singapore, we understand the unique challenges of financial planning here. We can help you:
Uncover Hidden Gaps in Your Insurance Coverage: Identify areas where you may be under-protected.
Craft a Customised Insurance Plan: Ensure you and your family are truly protected.
Optimise Your Existing Portfolio: Maximise your coverage and value.
Find the Right Policies: Tailor your insurance from multiple providers to fit your specific needs.
Take Control of Your Financial Security Now.
Let us help you build a safety net that ensures your peace of mind and protects your loved ones’ future. Do not let your financial well-being be a gamble. Take the first step towards a secure future.
Click the “Contact Me” button below to schedule a complimentary consultation today.
Important: The information and opinions in this article are for general information purposes only. They should not be relied on as professional financial advice. Readers should seek independent financial advice that is customised to their specific financial objectives, situations & needs. This advertisement or publication has not been reviewed by the Monetary Authority of Singapore.
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Ri’an’s approach is all about understanding each client’s unique aspirations and circumstances before guiding them step by step with a personalised action plan that lead to achieving their financial goals. He is able to simplify difficult-to-understand processes, or policies and highlight the essentials, thus empowering clients to make well-informed choices and be at ease with every decision.
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By submitting this form, I confirm that
提交此表格,即表示
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.
提交此表格,即表示您已阅读并理解鑫盟理财私人有限公司的个人数据政策