Jonathan Chua

Whatever your insurance needs, focus on your desired financial outcomes "no matter what happens," not on the specific routes to those outcomes. Insurance companies and their salespeople are very effective at tugging on your heartstrings, but does it actually matter whether you cannot work (and cannot generate an income to support yourself and your dependents) because a bus ran you over or because you suffer from dementia? No, it doesn't, yet insurance policies vary in whether they will cover "all risks" or not. (By the way, dementia is a much more statistically common risk than accidents.) Read the policy documents very carefully to understand what is included and what is not. Then buy only the insurance you need in your personal circumstances. Term life insurance Payout in the event of death (or "total and permanent disability," narrowly defined) within a specified period, for example before age 65. Life insurance is intended to support the lifesty...

The simple answer is as much as you can. Everyone makes a different amount each month. They also have different financial obligations each month. It is important to realize that one set dollar amount is not going to work for everyone. Here are some basic guidelines you should follow when determining how much you should save each month. Start With 10 percent of Your Income The standard that many experts set is at least 10 percent of your income . This is a good starting point, to save 10 percent of your salary. It is an easy way to start because it is a set amount of money each month. It should not be that difficult to save 10 percent of your income, but you may want to increase this amount over time . Eventually, you can work up to 20 or even 30 percent to increase your savings and plan for your future. Save Beyond Retirement Savings It is important that you are saving in addition to the money you are putting in your retirement savings account. If you do not, you will never sa...

If you’ve been in an accident and/or your vehicle has recently been severely damaged (or at least damaged in a way that will cost more than your deductible to repair), one of the first things you did in the days that followed was probably filing a claim with your car insurance company. While you should pat yourself on the back for being a responsible adult and getting through this tough situation, unfortunately, the process of what comes next can be somewhat of a hassle. After you file an insurance claim , you’re hoping to receive enough money from the insurance you’ve paid for to cover the costs of the accident or damage — sounds simple enough, right? Well, the insurance company is also trying to save as much money as possible and not pay you any more than they absolutely have to. What Happens After You File Once you’ve completed the process of filing a claim with your insurance company, a claims adjuster is usually assigned to your case. This person is an employee of the in...

There are various risks that we may face during our life time. Accidents, illness or diseases or even death will lead to financial problems and insuring oneself will make the ones financially dependent feel secure. Insurance is something that helps us stay risk free. Even if disaster strikes we would have the financial stability to survive. There are several insurance companies from around the world that provide insurance coverage to the people who are dependent on the insurance holder. Here we present the list of the Top 10 best insurance companies of the world in recent times: 10. Allianz SE 9. Japan Post Holding Co., Ltd. 8. Assicurazioni Generali S.p.A. 7. Munich Re Group 6. United Heath Group 5. Prudential plc. 4. Berkshire Hathaway 3. China Life Insurance 2. Zurich Insurance Group 1. AXA related  Top 10 Largest Insurance Companies in The World source>>

In this comparison table, we compare all Term Life with Critical illness insurance plans in Singapore. While a hospitalisation plan helps to cover the costs of a hospital stay, a critical illness plan provides for post-hospitalisation treatment costs and alternative treatment needs in the event of a critical illness. A lump sum payout from a critical illness plan in your insurance coverage can also play the role of replacing your income and allow you time for recuperation. We consider the following example of a Male, Non-Smoker: Policy coverage till 70 years old S$500,000 Death and Total Permanent Disability (TPD) Coverage S$500,000 Critical Illness Coverage For a Female, Non-Smoker, *With information from www.diyinsurance.com.sg and comparefirst. Figures are compiled on 4th September 2017. **Prices reflected in the table reflect ongoing existing promotions and discounts which are in the knowledge of. Data is generated based on date of birth on 1st January. ***Prices a...