21 Life Insurance Claims Statistics in Singapore (A Data-Driven Study)

life insurance claim statistics

We always make life insurance decisions emotionally.

“What if I’m taken out of the picture, how would my family cope financially?”

And we tend to neglect the logical part.

That’s why today, we’re taking a whole new look at concrete numbers to give us greater insights on life insurance – coverage on death, total and permanent disability, and critical illness.

We spent 57 hours studying 36 months of life insurance claims statistics in Singapore.

And not forgetting to double-check our numbers.

Here are some very interesting findings…

Read more21 Life Insurance Claims Statistics in Singapore (A Data-Driven Study)

ElderShield vs CareShield Life: For Those Born in 1979 & Earlier

ElderShield vs CareShield Life

With the new introduction of CareShield Life, what should you expect?

What are the options available for you and what should you do?

If you’re born in 1980 or later, this article is not meant for you, go to my other article: “What is CareShield Life?” instead.

If you’re born in 1979 or earlier, you’re in the right place.

I’ll cover the general differences between ElderShield and CareShield Life, and then touch on specific scenarios.

Do read from the start for full understanding!

Read moreElderShield vs CareShield Life: For Those Born in 1979 & Earlier

What is CareShield Life? (Ultimate Guide for 2020)

What is CareShield Life

CareShield Life is the newest addition to the family of healthcare plans in Singapore.

If you’re born in 1979 or earlier, go to this article: “ElderShield vs CareShield Life” instead.

If you’re born in 1980 or later, you must read through this guide and get acquainted with CareShield Life.

Why?

It’s compulsory for you to be included in the scheme.

So in this article, I’ll touch on the most important things such as what is it, the benefits and the premiums, etc.

So read on!

Read moreWhat is CareShield Life? (Ultimate Guide for 2020)

SRS Endowment (Annuity) Insurance Plans: Guide for 2020

srs endowment annuity

So you’ve already contributed to your SRS account.

But you know that only solves half of the problem – reducing taxes.

The other half of the problem is that the balance in your SRS account is only only earning 0.05% interest/year for the many years to come.

And inflation will negate any benefits you get from contributing.

There’s a variety of investment options for SRS funds out there but you’ve narrowed your search down to the SRS annuity plan.

In this guide, you’ll learn all about endowment plans using SRS funds.

So, let’s get on with it!

Note: To describe the SRS endowment, I’ll also be using the terms annuity, retirement plan, insurance product interchangeably. You’ll see why.

Read moreSRS Endowment (Annuity) Insurance Plans: Guide for 2020

Term and Whole Life Plans just had a Baby

Term and Whole Life Baby

Yes, you heard that right. 

There’s a newborn baby in the financial world. 

For some of you, it can be a game changer because this baby inherited the best DNAs from both parents – Papa Term and Mama Whole Life. 

For all the money you’ve paid to insurance companies, it’s time to get it back (finally!). 

I’ll touch on what this is but first, let me make a very quick detour…

Read moreTerm and Whole Life Plans just had a Baby

SRS Investment Options: How To Best Invest Your Funds (2020)

srs investment options featured small

You took the first step in contributing into your SRS account, great! 

Now, what? 

The funds are just sitting there collecting dust and spiderwebs (one-third of all SRS funds are sitting idle).

You know you can invest your funds but there are 2 concerns you have: 

“I don’t have the time (…and the patience) to do research” and “SRS funds are my hard-earned money, I want the best for them”

Well, you’ve come to the right place

At the end of this article, you’ll know which option is the best to invest your SRS funds in

We’ll also go through the various SRS approved options, the pros and cons of each, and the  factors to consider in selecting one, etc. 

So, read on!

Read moreSRS Investment Options: How To Best Invest Your Funds (2020)