Question: Question: For someone in their 60s and no more dependent, which other insurance is a must have and what are the nice to have? Answer: Insurance for medical For someone in the 60s with no dependent and assume no liabilities, the two important insurances that are a must have are Medical insurance similar to an integrated shield plans and Long term care similar to … [Read more...]
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Webinar on Major change in cancer treatments in your integrated shield plans
Topic: Webinar on Major change in cancer treatments in your integrated shield plans Date and time: 3 September 2022 (Saturday) 10AM Speaker Wilfred Ling has 16 years of financial advisory experience and is the Wealth Advisory Director with Financial Alliance Pte Ltd. Description With effect from April 2023, not all cancer treatments can be covered by your integrated shield … [Read more...]
Off-label cancer treatments cannot be covered by Integrated shield plans
With effect from April 2023, off-label cancer treatments will no longer be covered by your integrated shield plans. What are integrated shield plans? Integrated shield plans are insurance products that reimburse the cost of hospitalization and selected outpatient treatments. There are 2,830,000 individuals in Singapore in 2020 that are covered with integrated shield plans. Given there are … [Read more...]
Autodesk Inc Morningstar report
The following was extracted from Morningstar report: Analyst Note | by Julie Bhusal Sharma Updated Aug 25, 2022 Wide-moat Autodesk reported second-quarter financial results largely in line with our expectations. Sales growth was broad-based with Autodesk seeing year-over-year increases in each of its five product families and each of its three geographic operating regions. It … [Read more...]
AIA Pro Achiever 2.0 and my recommendations
AIA Pro Achiever 2.0 was a product which someone recently asked me about it. She was told by her insurance adviser that the return of 8% is guaranteed which is false. I proposed that we meet up so that I can provide her with sound financial advice, and she agreed. 1. What are the factual details for AIA Pro Achiever 2.0? So, what are the information regarding AIA Pro Achiever 2.0 that are … [Read more...]
Eldershield Terminated – Received the SMS? Read This
You must have receive a SMS stating that your Eldershield got terminated. Do not panic. It is not a scam. Neither is there anything to be concern about. I just received this message moments ago too. The message stated that “Dear XXX, your Eldershield policy will be/has been terminated. Log in to careshieldlife.gov.sg/notifications with your Singpass for more details.” When you attempt … [Read more...]
Cancer patient ends up with $33,000 bill after insurer refuses to pay for drug & what you must do to avoid this situation
Recently there was a case in which the newspaper reported an individual who could not claim her medical bill from Great Eastern's integrated shield plan due to the drug used not approved by the regulator. She is saddled by an unpaid medical bill $33,197 which she could not afford to pay. She said: But with the insurer not paying for the costly treatment, she and her doctors decided to skip … [Read more...]
AIA Smart Wealth Builder (II) – is it a good recommendation?
Recently I recommended the AIA Smart Wealth Builder (II) to someone who was looking to purchase an endowment plan for his new born child for the purpose of paying university tuition fee. When he came to me for advice, he already has a quotation for NTUC Income Gro Saver Flex. That quotation stated that for $40,000 of one-time premium (i.e. single premium), the maturity value at the end of 20 … [Read more...]
Important Financial 101 for Professionals
What You Will Learn: 1) Different forms of Income & why most passive income isn’t really passive? 2) Different forms of expenses and how to prevent your expenses from going up? 3) Different types of assets and how much should you allocate to investments? 4) Different forms of liabilities and what are the two hidden liabilities everyone has? 5) Financially free and retirement and … [Read more...]
Why buying life insurance for children is important
Why would my baby need life insurance? Which is the best life insurance? Shouldn’t I buy term insurance for my baby since it is the cheapest? This article will address these questions. Why would my child need life insurance? The general purpose of insurance is to reduce the potential financial lost if the insured event occurs. An integrated shield plan is sufficient to reimburse the … [Read more...]
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