tag:blogger.com,1999:blog-28086856.post286130527235578357..comments2024-03-20T01:42:13.273+08:00Comments on Eight percent per annum: Value investing in Singapore stocks: So how to tackle the insurance agents?Jayhttp://www.blogger.com/profile/03292158817395898619noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-28086856.post-51955674136804638142013-06-18T18:09:04.552+08:002013-06-18T18:09:04.552+08:00The Aviva SAF Group Term insurance allows Singapor...The Aviva SAF Group Term insurance allows Singaporeans to cover up to SGD1m from death and accident. The price is below $1.6k a year. I have bought one myself to cover up to SGD1m. It is the cheapest term insurance that I can find in Singapore. It also covers military accidents which are highly relevant for native Singaporean males with NS duties. <br /><br />Below are 2 articles I wrote about this favorite insurance plan of mine (you may remove the links if you do not like links in your blog comments) <br /><br /><a href="http://help-your-money.blogspot.sg/2012/11/update-on-my-favourite-life-insurance.html" rel="nofollow">http://help-your-money.blogspot.sg/2012/11/update-on-my-favourite-life-insurance.html</a><br /><br /><a href="http://help-your-money.blogspot.sg/2011/11/my-favourite-life-insurance-plan-in.html" rel="nofollow">http://help-your-money.blogspot.sg/2011/11/my-favourite-life-insurance-plan-in.html</a>hyomhttps://www.blogger.com/profile/00175340583474513718noreply@blogger.comtag:blogger.com,1999:blog-28086856.post-39589890940581871582007-12-07T18:08:00.000+08:002007-12-07T18:08:00.000+08:00Insurance agent/Financial Advisor/ Planner or what...Insurance agent/Financial Advisor/ Planner or whatever you call it here. Haven't been following your blog for quite a while<BR/><BR/>I agree with mostly what you say although I believe whole life still should plays a role (probably not as much as touted)but let's not go into a debate.<BR/><BR/>Actually Disability Income may be considered as well since term has a fixed coverage while liabilities should reduce with time while disability income provides coverage until your intended retirement age. Before DI kicks in, you have your 3-6months emergency fund to tide over.<BR/><BR/>As for Critical illnesses, I would use 2-3 yrs of annual expenses(income if you want to be kiasu)for loss of income during prolong treatment and additional expenses associated with illnesses/loss of mobility.<BR/><BR/>Its not The perfect plan as many factors has to be considered as well. You probably save on a lot of charges and commissions sine you;ve put in effort to under financial knowledge. Cheers!Wei Sianhttps://www.blogger.com/profile/15647837973926123020noreply@blogger.comtag:blogger.com,1999:blog-28086856.post-74145218492045264392007-11-14T13:29:00.000+08:002007-11-14T13:29:00.000+08:00A very concise and good checklist. Thanks a lot! S...A very concise and good checklist. Thanks a lot! So how much will you spend as a % of annual income? If you don't mind sharing?Jayhttps://www.blogger.com/profile/03292158817395898619noreply@blogger.comtag:blogger.com,1999:blog-28086856.post-66300574997677233792007-11-13T19:37:00.000+08:002007-11-13T19:37:00.000+08:00This is how I determine my insurance need:1. How m...This is how I determine my insurance need:<BR/><BR/>1. How much do I gave my dependents now, if I die, how much must I leave behind to continue to give them that income stream.<BR/><BR/>2. How much critical illness coverage do I need should I fall critically ill. (I do not believe in having FULL COVERAGE) <BR/><BR/>3. If I get temporary injured, do I need an income to sustain? or would I be paid by my company?<BR/><BR/>Life insurance gives an average of 3-4% return. Can I beat that return?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-28086856.post-36575177940143836802007-11-10T16:15:00.000+08:002007-11-10T16:15:00.000+08:00Hi!If you don't need life to get hospital and othe...Hi!<BR/><BR/>If you don't need life to get hospital and other insurance then that's good news! Should grab them while they are on offer!<BR/><BR/>As for truing to insure a lot of things, I will just reiterate genie's advice: Always insure the big items that will hit you hard financially. The other stuff are not worth it. Insure cheaply.<BR/><BR/>I guess it really makes sense!<BR/><BR/>Cheers!Jayhttps://www.blogger.com/profile/03292158817395898619noreply@blogger.comtag:blogger.com,1999:blog-28086856.post-74826219312395202732007-11-07T00:19:00.000+08:002007-11-07T00:19:00.000+08:00HiyaMy insurance retail therapy was also pretty pa...Hiya<BR/><BR/>My insurance retail therapy was also pretty painful.<BR/><BR/>In the end I got a life policy. <BR/><BR/>I dont think you need a life to get H&S and accident coverage. (this is from what I remembered but I stand corrected)<BR/><BR/>And the best thing is, I have an uneasy feeling I cld be underinsured. There is still accident policy, income protection, plus doubts over whether do I have a decent H&S plan etc etc etc.<BR/><BR/>cheers!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-28086856.post-15048594266252297672007-11-06T23:17:00.000+08:002007-11-06T23:17:00.000+08:00Hi genie, thanks for the contribution, seems like ...Hi genie, thanks for the contribution, seems like term really do make more sense.<BR/><BR/>Hi fishman, nice to see you here again, the SAFRA term is probably direct sales.<BR/><BR/>Not sure if agents would sell you term w/o life. Usually you buy some life and the term comes in as well.Jayhttps://www.blogger.com/profile/03292158817395898619noreply@blogger.comtag:blogger.com,1999:blog-28086856.post-26030529724227542662007-11-06T22:12:00.000+08:002007-11-06T22:12:00.000+08:00Hi all,I also believe in the term policy as the co...Hi all,<BR/><BR/>I also believe in the term policy as the correct way of insuring! Really hate the emotinal blackmail that I've heard...WTF? Aye!<BR/><BR/>How did you guys go about buying term policy then? Direct sales or insist on the agent to sell you term?<BR/><BR/>glad to find like-minded people here!<BR/><BR/>cheers!<BR/>fishmansm@ll.fryhttps://www.blogger.com/profile/03751757859835343020noreply@blogger.comtag:blogger.com,1999:blog-28086856.post-12582527920827828482007-11-05T22:40:00.000+08:002007-11-05T22:40:00.000+08:00I did the term way using NTUC's iTerm (500k SA) an...I did the term way using NTUC's iTerm (500k SA) and had a 100k CI piggybacking on it. Yearly premium is less than 5% of my annual take home. Now looking for DI and also some home insurance.<BR/><BR/>The advice given by Eric Tyson (Personal Finance for Dummies) holds true. Always insure the big items that will hit you hard financially. The other stuff are not worth it. Insure cheaply.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-28086856.post-68141306783978758102007-11-05T12:57:00.000+08:002007-11-05T12:57:00.000+08:00hi,Safra term can only insure up to a certain amt,...hi,<BR/>Safra term can only insure up to a certain amt, I think it's $150,000 or something. If you need more coverage, you need to get additional term from the insurers like AIA or Great Eastern. And to buy those, you need to get some life policy.<BR/><BR/>Also there are other term policies like hospital, accident etc. You need life to get those.<BR/><BR/>I am also trying to find out if there is really an optimal solution. And could that really be no life policy just all term. But my findings tell me that having some life has its benefits. Not sure if that is optimal though.Jayhttps://www.blogger.com/profile/03292158817395898619noreply@blogger.comtag:blogger.com,1999:blog-28086856.post-21489209436024573272007-11-04T22:56:00.000+08:002007-11-04T22:56:00.000+08:00hi,agree with you and i had a Safra-Aviva term pol...hi,<BR/>agree with you and i had a Safra-Aviva term policy too.<BR/><BR/>but, what do you mean by "you need life policy to get term"? you can just buy term from Income or Aviva without getting a life policy. why waste more $ on a life policy?<BR/><BR/>please advise.Anonymousnoreply@blogger.com