While dealing with the unknown is never easy, doing so while severely impaired can be even more challenging.A person is considered to have a severe disability if they need assistance with three or more of the six activities of daily living (ADL), whi ...
Is It Sufficient To Have Critical Illness Coverage If You’re At A Late Stage Of The Disease
The dreadful reality of being diagnosed with Critical Illness is something we hope no one ever has to face. It's not only stressful on your health, but can also be taxing on your wallet as well. Usually, when one has a serious illness, they would lik ...
Potential Sources of Retirement Income
When you retire, how will you support yourself? In this article, figure out where you can obtain a source of income and what you should do if your funds are insufficient.No matter how far away retirement may seem, it's important to start planning for ...
Five Effective Ways To Manage Debt With The Rising Inflation
When we talk about inflation, we're talking about the general propensity for prices to rise over time in one’s economy. This means the purchasing power of money decreases, leading to price hikes. Inflation can have serious consequences for your finan ...
5 Reasons Why Singaporeans Need Mortgage Insurance
Purchasing a home is an enormous financial commitment, and it's also one of the biggest assets most of us will ever have.Our home loans are designed to last a lifetime. However, a lot of changes can occur in that time frame. Uncertainties, such as b ...
An Overview Guide on Endowment Insurance Savings Plans in Singapore 2023
In a thriving economy, inflation is inevitable. Prices for consumer goods and services are expected to rise.Your liquid cash in the bank will lose value if you don't make any actions to preserve or grow it. One day, you may find yourself short of mo ...
What You Need to Know About The ElderShield Upgrade
The ElderShield severe disability insurance program was launched in 2002 by the Ministry of Health (MOH).If you are a Singapore Citizen or a Permanent Resident (PR), you will be automatically enrolled in the scheme after you reach the age of 40. Arou ...
Is It Necessary to Have an Emergency Fund (And How Much Is Enough)
Throughout the second half of 2020, HSBC surveyed 1,200 Singaporeans as part of its FinFit Index study to reveal more about the financial habits, knowledge, and financial security concerns in Singapore. These results, which were published earlier thi ...
Is It Too Expensive to Live in Singapore? : An Overview of Singapore’s Expenses in 2023
Singapore, also known as the Lion City, ranks among the world's best cities. This city is well-known for its abundant traditions, culture, and employment prospects. For this reason , people from all over the world who are in pursuit of new experience ...
Five Easy Steps to Save For Your Child’s College Fund
Today's parents often have excellent organizational skills.Many Singaporean parents, in addition to covering the basics, place their child on a waiting list for the top preschools and enrichment classes, and some even establish their own high quality ...