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Which Shield Plan Is The Most Cost Effective?

By now, most of us should have updated our household information for our MediShield Life coverage in order to assess the eligibility for subsidies. While some may toy with the question whether Integrated Shield Plan is still required or not, since government is already implementing MSL by end-2015, see my response here. I think theContinue reading “Which Shield Plan Is The Most Cost Effective?”

An Overview of Term vs Whole Life vs ILP

As a wrap-up for my previous posts, where I have discussed about Term Insurance, WholeLife Insurance and Investment-Linked Insurance policies, this entry is summarizes the key features when you are deciding on which type of policies to choose from. But if you realise, we are actually comparing Apple vs Orange vs Banana, hence, which isContinue reading “An Overview of Term vs Whole Life vs ILP”

An Autopsy of Investment-Linked Policy (ILP)

Why are Investment-Linked Policies, a.k.a. ILPs, such a taboo word in the insurance industry? Is it really a time-bomb waiting to explode, as described by some? On the other hand, advocates for this range of products will say otherwise. The purpose of this article is to present all facts objectively to allow consumers to beContinue reading “An Autopsy of Investment-Linked Policy (ILP)”

Is Wholelife Insurance For Me?

I have previously discussed about Term Insurance and made a comparison between a normal Term Insurance vs Aviva SAF Group Term Life Insurance, it’s benefits and suitability. Another big category of Life Insurance products is WholeLife (WL) insurance. WL insurance falls under the umbrella of Participating (Par) products. Where Non-Par products like Term Insurance doesContinue reading “Is Wholelife Insurance For Me?”

CompareFIRST & Direct Purchase – Might Good Intentions Go Wrong?

Come 7th April 2015, MAS will launch an online platform, CompareFIRST, to allow consumers to make comparison and make informed decisions prior to purchasing life insurance products. At the same time, Direct Purchase Insurance will be made available with all insurers to allow consumers who do not need financial advice to purchase life insurance productsContinue reading “CompareFIRST & Direct Purchase – Might Good Intentions Go Wrong?”