There are two types of life insurance in Singapore – Universal Life Plans and Whole Life Plans. Though both are life insurance, they cater to people with different needs and wants. Below are a few listed differences of a Universal Life Plan and a Whole Life Plan. A Universal Life Plan is also sometimes known as permanent life insurance.

In whole life plans, funds are invested in fixed income securities and equities and the cash and surrender values comes in as a guaranteed and non-guaranteed return. Bonuses received fall under non-guaranteed returns, and once collected, are accounted under the guaranteed death benefit and cash value.

Universal Life Plans are created to pay fixed or guaranteed benefits, targeted at high net worth individuals and are usually denoted in US currency.  In addition to flexible premium options, returns are also steered by a quoted interest rate. The advantage of  a Universal Life policy comes in the transparency of charges where monthly or quarterly statements are issued to clients. With Whole Life Plans, the insurance buyer is unable to get a clear view of their bonus payouts.

In any case, these points are only for your reference. To make a more informed choice, understand more about these two different policies from an advisor, who can guide you through and suggest the most suitable policy for you and your love ones.

Information sourced from:

•  http://www.btinvest.com.sg/insurance/life-insurance/whole-of-life-alternative-to-universal-life/
• http://universallifeinsurancesingapore.com/

In most companies, there are one or two key personnel.  Without them, the business tends to come to a standstill. This is where this form of insurance kicks in. Keyman Business Insurance covers everything from protecting the interests of your employees, to the assets of your business and even intellectually property.

Share Protection Business Insurance is for companies with joint share holders. If one of the share holders gets into any financial problems, this insurance covers the other business partners / shareholders. This gives them the financial buoyancy to allow their business to function without any disruption.

There are so many uncertainties in life and most are beyond our control. When it involves business issues, the entire company can be affected if the risks are not properly managed.

It is imperative to know that you are running a business with a safety net in place. Be accountable for your employees. Every employee in the company is an asset and it is your responsibility to protect every asset you have a responsibility over, including your staff. Enquire from us about Keyman Business Insurance and Share Protection Business Insurance today.

Following cancer, heart disease, pneumonia, and brain dysfunctions are some of the top illnesses prevalent among the population aged 18 to 69. With 30.4% of deaths in 2011 caused by heart disease, it made heart disease the second killer. The percentage of deaths caused by the top two killers, alone, approximate at 50%. Pneumonia and brain dysfunctions ranked 3rd and 4th respectively. Summing the percentages of the top 4 killers, the number itself is horrifying.

The lifestyle of Singaporeans is often hectic and stressful; in addition, living in a food paradise aids in our unhealthy diets. These factors play a part in contributing to the above illnesses.  Coupled with the fact that life expectancy of a Singaporean is projected to be 85 for women and 80 for man. We are more or less trudging through a long journey bounded with uncertainties of someday being caught up by one of these diseases.

We all need the assurance we can get throughout our whole journey. No one is liable for our own sustainability. Not only for ourselves, but for our loved ones too. Ambivalence is what cripples us; however, if there is an assurance that we can rely on, it removes the permanent disability within us. Don’t vex over what you can’t control. Be permanently insured right now: know the dangers around you, prevent them, and prepare before it strikes you. Find out more about our Universal life insurance policy in Singapore now.

According to Maslow’s Hierarchy of Needs, there is a need to fulfill the basics before moving on to achieve higher requirements and needs. The fulfillment of physiological demands allows us to move forward in pursuing the next step: safety. This is where financial planning kicks in. We need to make sure that every aspect of our lives is covered in terms of personal accident, hospitalization, mortgage and property, retirement; and most importantly, the protection and coverage for our love ones.

In the next step of financial planning come investments. Once you are comfortable with the amount of coverage for any unforeseen circumstances, the need for self-actualization and esteem comes into place. With the appropriate savings investments, we can garner a greater sense of peace and fulfillment knowing that there are additional funds out there for our own convenience and wealth appreciation. With the amount of income earned, one should always plan and opt for an appropriate investment plan.

Our Universal Life policies are one of our most popular service offerings and come with many benefits. These combine both the life insurance and investment elements found in regular life insurance products and yet give so much more.

With proper financial planning, instead of looking at short-term contentment you will be investing in delayed gratification. No one is able to predict the future;  hence having access to funds in times of need will help you to safe-keep your own future.

Talk to a financial adviser to find out what is good for you in the long-run and learn about the various options available to you, to obtain full protection, coverage and peace of mind. Have your profile assessed and have your financial needs and obligations organized properly. High net worth permanent life insurance policies like Universal Life (Singapore) can also be structured and customized for your individual family needs, desires and circumstances. Get in touch with us directly to find out more.