Life Insurance: A Smart Investment Move?

Insurance policies has evolved over the decades, ranging from pure protection to encompass savings and even investments. Term insurance, which typically offers 10, 20, 30 years of coverage has become cheaper, making insurance very affordable for everyone. Yet insurance products have also become more fanciful with many offering cash values such as whole life, investment-linked […]

Dementia-Specific Insurance Plans: Is It Worth Getting?

In recent weeks, there has been a growing interest in dementia-related insurance plans. Many are questioning the value and importance of obtaining such coverage. In this article, I will explore what dementia is, how it affects our daily lives, its potential financial impact, alternative options for addressing our concerns, and whether investing in a dementia-specific […]

How Much Insurance Is Required? (Part 2)

You can read part 1 of this article here. Scenario Using the earlier case study: Dan, a sole breadwinner, male, age 40, non-smoker, with a family of two children, working as a sales manager in an MNC and earning an annual income of $200,000. Assuming that this is Dan’s financial situation: Family income required: $120,000 […]