Jonathan Chua

Retirement plans may not strike a chord with young investors. However, it is never too early to start saving for retirement. By selecting the appropriate wealth management platforms, including those providing financial protection, one can get a head start in achieving one's wealth goals and securing a comfortable life during their golden years. Investment-linked insurance The relatively modest returns of low-risk products may not match the expectations of younger investors, who tend to prefer fast returns and are willing to bear higher risks in exchange for higher returns. We have observed more young people joining the investment fray in recent years, growing their wealth through monthly investments in stocks, funds and similar products. While it is good for young people to invest early within their means, they should not neglect their own protection needs. Should an unfortunate accident result in the loss of ability to work, this will derail all of one's financial plans, no

New policies targeting older Singaporeans are hitting the market, but how much value do they add to your coverage? With one in five Singaporeans to be aged 65 and over come 2030, a new group of financial products designed to meet the needs of senior citizens has emerged in the insurance market in Singapore. Earlier this year, NTUC Income launched SilverCare, a personal accident plan aimed at seniors that provides benefits for caregiver training, home care, and home modification, apart from payouts of up to S$50,000 for permanent disability due to accidents, and coverage of hospitalisation expenses. Meanwhile, AIA Singapore offers Prime Assured, a personal accident plan for seniors that reimburses medical expenses and provides a daily accident hospital income benefit. The extras: Coverage for mobility aids if recommended by a physician and also an Alzheimer's or Parkinson's disease benefit of a lump sum payout of up to S$3,000. These policies are meant to addr