Now that the big ticket items of your dream wedding is completed and arrangements for your ideal home have settled in, you are ready to set up your small family. Most of the liabilities should come from your Mortgage Loan, and this is one major aspect to consider. It is also important to review your Critical Illness protection, as the replacement amount on your expenses/income to plan for would have changed significantly over the years. Couples with young children would have increased responsibility, and should consider Income Protection until the children are financially independent.
Priority: Critical Illness Protection -> Family Income Protection
Other Considerations: Hospitalization -> Disability -> Education Funding
If you like to understand more, do drop me a message below…
Wee Khai 