Blog

Contributed by Michelle Ee, Wealth Management Director, Financial Alliance Pte Ltd
(The contributor can be contacted at michelleee@fa.sg)

While advances in medical science helps to prolong our lives, it also increases our health care and treatment costs. Therefore, it is crucial to have medical insurance – such as critical illness insurance and hospitalisation insurance – help pay for these costs. However, many people are confused over how critical illness insurance & hospitalisation insurance works. Here are some quick pointers to help you understand.

Read More

Contributed by: Estelle Heng
Intern from Gerontological Management Studies, School of Humanities and Social Sciences, Temasek Polytechnic.

‘I’m too young to think about this’ is probably the most common excuse not to start financial planning in Singapore. However, if we think twice, we’re never too young. Parents buy insurance for their babies as soon as they are born, some before they even take their first breaths. What’s so important about insurance that it is this urgent? The reality is that unexpected things happen. And when they do, you can’t afford to give up your future because of piled-up debts from hospitals or leaving your dependents to pay them off. So really, insurance is more than just protecting yourself, it includes supporting your loved ones as well.

Read More

Contributed by Michelle Ee, Wealth Management Director, Financial Alliance Pte Ltd
and MK Chan, Corporate Development Director, Financial Alliance Pte Ltd
(The contributors can be contacted at michelleee@fa.sg and mkchan@fa.sg)

In our previous articles, we gave an overview of what a critical illness insurance is, how the payout for a critical illness insurance works and how much critical illness insurance should one get. For this last instalment, Ms Michelle Ee, Financial Alliance’s Wealth Management Director, will talk about what to be wary of when making a purchasing decision.

Read More

Contributed by Michelle Ee, Wealth Management Director, Financial Alliance Pte Ltd
and MK Chan, Corporate Development Director, Financial Alliance Pte Ltd
(The contributors can be contacted at michelleee@fa.sg and mkchan@fa.sg)

In our previous articles, we gave an overview of what a critical illness insurance is, and how the payout for a critical illness insurance works. Hence, for this instalment, Financial Alliance’s Wealth Management Director Ms Michelle Ee shares her opinion on how much critical insurance is adequate.

Read More

Contributed by Michelle Ee, Wealth Management Director, Financial Alliance Pte Ltd
and MK Chan, Corporate Development Director, Financial Alliance Pte Ltd
(The contributors can be contacted at michelleee@fa.sg and mkchan@fa.sg)

In the previous instalment, we explained what critical illness insurance is and why it is essential to be covered by critical illness insurance. In this instalment, Ms Michelle Ee, Financial Alliance’s Wealth Management Director, discusses the payout patterns of critical insurance policies and shares her opinions about them.

Read More

Contributed by Michelle Ee, Wealth Management Director, Financial Alliance Pte Ltd
and MK Chan, Corporate Development Director, Financial Alliance Pte Ltd
(The contributors can be contacted at michelleee@fa.sg and mkchan@fa.sg)

Why take up critical illness insurance when you’re healthy and experiencing no sign of anything “critical”?

The short answer is to guard yourself against the potential loss of insurability. Even though it is often heard that insurance is sold and not bought, it is always the insurer’s decision whether to cover and what to cover – and insurers don’t cover existing conditions.
Read More

Contributed by Raymond Wee,
Financial Advisory Director representing Financial Alliance Pte Ltd
(The contributor can be contacted at raymondwee@fapl.sg)

Contrary to popular belief in Singapore, financial planning requires more than just a single meeting with your financial adviser. Planning for your finances is a complicated matter, mainly because your income, expenses, and debt changes as life progresses. As such, financial planning requires regular reviews. Here are top 5 reasons why financial advisers keep telling you you’re under-insured:

Read More