tag:blogger.com,1999:blog-7944902213075756335.post2893270919403009341..comments2024-03-28T10:39:01.047+08:00Comments on A Singaporean Stocks Investor (ASSI): How much term life insurance should a fresh graduate have?AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-7944902213075756335.post-6073800497811401812015-04-07T18:08:26.213+08:002015-04-07T18:08:26.213+08:00Consumers can buy basic life insurance policies di...<i>Consumers can buy basic life insurance policies directly from insurance companies at customer service centres or websites, without going through financial advisers and incurring commissions, from Tuesday (Apr 7).<br /><br />The Direct Purchase Insurance (DPI) initiative, which was implemented by the Monetary Authority of Singapore (MAS), <b>comprises term life insurance products with total andAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-64437872143458026042014-08-31T19:35:48.899+08:002014-08-31T19:35:48.899+08:00I agree with the post and all the comments except ...I agree with the post and all the comments except hjteo's.<br /><br />generally, one should get as much coverage as early as, also as much as reasonably and medically possible, one can.<br /><br />I say this because:<br /><br />1. medical conditions such cholestrol and its like, being as early as late twenties. and many people out of spite for being classified separately or rejected by the SMKhttps://www.blogger.com/profile/10968938425811827200noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-70942630442567428412014-08-31T14:10:49.882+08:002014-08-31T14:10:49.882+08:00Good one AK,
If they are NS man, the SAFRA term in...Good one AK,<br />If they are NS man, the SAFRA term insurance or SAF Aviva term insurance has one of the lowest premiums. Didn't buy those till I was mid thirty's. Buy Term and invest the rest!hjteohttps://www.blogger.com/profile/13958508235243896625noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-44472576161685317612014-08-31T12:50:02.302+08:002014-08-31T12:50:02.302+08:00Hi Zi Rong,
If nothing is done to the money to ma...Hi Zi Rong,<br /><br />If nothing is done to the money to make sure it grows, it is definitely going to shrink in value and run out quite quickly. This is why I suggest that the money be used to buy annuities which will guarantee a regular income for life. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-33770837304880777352014-08-31T12:46:18.506+08:002014-08-31T12:46:18.506+08:00Hi SMOL,
Sounds like a plan. ;)
I would suggest ...Hi SMOL,<br /><br />Sounds like a plan. ;)<br /><br />I would suggest that you talk to this sibling with the leadership qualities about how the money should be used in case of your untimely demise. Something could happen to him or her and the money that was meant to care for your parents could be misappropriated by others. Heavens forbid, of course.<br /><br />Since your sibling would basically AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-20737756896980273242014-08-31T12:16:32.128+08:002014-08-31T12:16:32.128+08:00$500k seems about right.
20 years ago, my paren...$500k seems about right. <br /><br />20 years ago, my parents bought policies with coverage of $75-100k and they felt was already a large sum. But in today's context, the amount if really quite small. So if $500k seems very large now, it'll be just only sufficient in 20 years time.Zi Ronghttps://www.blogger.com/profile/17274510743853711340noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-4751333230092762812014-08-31T10:12:36.008+08:002014-08-31T10:12:36.008+08:00AK,
I put the beneficiary to one of my sibling.
...AK,<br /><br />I put the beneficiary to one of my sibling.<br /><br />Dad would probably spend the "windfall" on wine, women, and song. I know because I am the child that take after him the most.<br /><br />And I don't want to burden mom as she will be bombarded with "well-intentioned advice on how to "invest" from long lost relatives.<br /><br />Since my surviving Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.com