Jonathan Chua

For almost a century, AIA as The Real Life Company has served the ever-changing needs of millions of people all across the Asia-Pacific region

Why do you need Life Insurance cover If you have a family, a partner or someone who depends on you financially and who would not be able to cope financially without your income,  it is essential that you have life insurance .  It is never too young to get life insurance cover because the younger you are the cheaper it is to buy life insurance. On the other hand, the older you are the more you will have to make sure your family and love ones have enough money to live on if you pass away. More importantly as you get older, medical problems could also mean that life insurance premiums will get much more expensive. If you buy life insurance with guaranteed premiums when you are young the amount you pay will stay the same until the end of the policy. How much does Life Insurance cost? Over the last decade the cost of life insurance has fallen between 20 to 30%. Prices for both term and whole of life insurance policies are now almost a third cheaper than they were in the 200...

We all experience life events we don't expect—and can't control. For instance, we could end up in an accident on the freeway during rush hour. A nagging pain might turn into something serious, requiring us to buy emergency or long term treatment. Or the family home could catch fire, killing a loved one unexpectedly and leaving a spouse or family struggling to survive—and buy a new home. Though far from pleasant, any of the above scenarios could happen at any time. But if we prepare now to take care of the "what ifs," we can save ourselves major emotional and financial hardship. Why Buy It? Quick quiz: what's the first thing that occurs when something unexpected happens? Answer: well being, security and finances are threatened. Families that once earned enough money to pay the bills, buy clothing and electronics, send teens to college and support loved ones in nursing homes suddenly can't make ends meet—and that throws everyone and everythin...

If you're concerned about being able to afford care when you get old, long-term care insurance can help. Long-term care helps you if you become chronically ill or disabled. Some long-term care is medical care, but most long-term care is what's called "custodial care." For example, long-term care can help you with personal tasks, such as: Eating Grooming Getting out of bed It can also help with household tasks such as: Housework Preparing meals Managing your money You can receive long-term care in different places, such as: Your home An assisted-living facility A nursing home How Can Long-Term Care Insurance Help? Long-term care can be costly. But long-term care insurance can help cover some of your bills. If you're thinking about buying coverage, follow these tips: Start planning early. The best time to start thinking about buying coverage is when you're between 55 and 65, says Jesse Slome. He is executive director o...

Think you don’t need life insurance if you don’t have kids? Think again. It may seem like an unnecessary expense. But there are many reasons to have life insurance, even if you’re not supporting a family. 1. Mortgage protection Whether you live by yourself, with a spouse or significant other, you may want to buy life insurance as mortgage protection. Think about it − you don’t want the person you live with to be homeless if you pass away unexpectedly, do you? Term life insurance can be used to pay off an outstanding mortgage balance. Just select a term that matches the length of your mortgage payment period. Some companies even offer decreasing term insurance, which means the death benefit decreases along with your mortgage balance. 2 Income replacement You and your significant other may have planned for a future based on two incomes − but what if one of you passes away unexpectedly? Life insurance can be us...