One of the biggest risks, and often one of the most overlooked, for Australian expats is foreign exchange (FX) risk, particularly how this applies to personal insurance policies. Here I’m referring specifically to Life, Total & Permanent Disability, Critical Illness, and Income Protection policies. As an Australian expat living and working abroad, managing your FX [...]
When it comes to Critical Illness coverage in Singapore, the average person only has approximately 20% of what they require accordingly to a recent study released by the Life Insurance Association (LIA). The study revealed that the average working individual in Singapore has just $59,776, while the LIA recommends that you need $316,603, a staggering [...]
“If a child, a spouse, a life partner, or a parent depends on you and your income, you need life insurance.” - Suze Orman It is a sad reality that for many, the true value of life insurance is only discovered when it’s too late, or when they’ve had a family member or friend go [...]
“How much insurance do I need?” “What types of insurance are there?” “Would be family be financially looked after should something happen to me?” These are the common questions that I am often asked by my clients. I’ve therefore clarified the key types of insurance below and when you should consider having them in place. [...]
“Why should I pay for insurance for my non-working spouse..?” This is a common question I’m asked by both expats and locals in Singapore. The short answer, in most cases, is yes. Let’s take a look at why… It is important to realise that your non-working spouse has a significant amount of economic [...]
