Jonathan Chua

Many of us may wonder if there is a need to review our coverage every now and then Every individual goes through various stages in their lives – be it purchasing a home, getting married, or having a baby. As circumstances evolve, one’s need for protection changes, and it thus becomes more important to review one’s existing insurance coverage. To put it simply, adequate insurance coverage helps you protect your nearest and dearest. In case something happens to you, your insurance payout will render some financial support when you are financially weak or unable to provide for them. Most of the time, we actually do understand that we need to be covered. However, what is pulling us back from meeting our shortfall is the complexity of products in the market. The 2 most common types of coverage for life insurance are term and whole life plans. Those who are interested in having an investment aspect can look into investment-linked plans. source

Money can be a tricky and sensitive topic, especially when you’re discussing it with your life partner. In fact, the lack of communication about money matters is among the top reasons marriages fail, and in Singapore, financial issues1 and disagreements are among the common reasons for divorces. Many couples may not be comfortable dealing with marital finances, but irrespective of whether your relationship has already weathered many seasons, or is about to embark on a new journey, it is important to sit down and have a talk about financial matters with your partner. Talking about finances is an important starting point for couples in planning a future together – this includes not just understanding individual financial goals, outstanding debts, insurance requirements, and investment appetites, but also, habits and anxieties. Being financially compatible helps bring about more stability and less conflict, giving couples a clearer picture of key life decisions such as those concerning as...

A group of representatives representing  SG Alliance Pte Ltd ‘iGniters’ are team players who are always progressing and upskilling to empower clients with the latest knowledge, tools and resources in financial planning. This team is galvanised and grounded in the perspective that becoming successful at anything worth striving for is simply about never giving up. While the team values the prize of materialistic wealth, it strives for the greater goal of inner wealth, in each consultant’s own life journey and also for their clients. Over and above the right financial tools and knowledge, each team member is constantly advancing in the finer aspects of character development and personal growth built on the group’s core values of integrity, commitment and resilience. source

Children are the pride and joy of their parents and can bring an unsurmountable amount of happiness into your life. However, raising a child can be a costly endeavour. Between the day-to-day expenses, school fees, after-school activities and ever-escalating tertiary education costs, the financial aspect of child-rearing can be a source of stress for many parents. The good news is that there are ways to minimise this stress. Planning ahead will help you enjoy the moments in the present with less concern about the cost of the future: Before all else, allow your children to develop good financial habits Savings account Investments Child investment plans and insurance policies Last but certainly not least, time is your friend source

Young people today have very different values from the generations before them, especially with respect to their life’s purpose, goals, and considerations before taking up a job. On top of earning money from their career, young professionals are also excited about chasing their passions, doing what they love and making an impact on the world. More and more millennials value personal freedom over a regular salary, and are eager to test many waters before locking themselves in on a single source of income. Similar to the generations before us, our children’s view and relationship with money is different from ours. As parents, we have to keep an open mind. After all, what our children value today is what they learned from looking at our habits and life choices. Like us, they keep the values they like and find better ones to match their paths. However, no matter how things change, many fundamentals about money and life remain the same. And communication is key. Here are some topics I feel ...