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Pang Zhe Liang
28 Jul 2020
Fee-Based Financial Advisory Manager at Financial Alliance Pte Ltd (IFA Firm)
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PolicyPal
28 Jul 2020
Official Account at PolicyPal
Yes, you can, you can buy Direct Purchase Insurance (DPI) directly from Life Insurance Company. This will spare you the distribution cost to the Finacial Advisory representative (Insurers, Financial Advisory Firm, Financial Advisory Representative). You can identify DPI products by the prefix "DIRECT" in their product name.
However, do note that you can only insure yourself up to $400,000 per insurer for DPI. It is also advisable that you engage a financial advisor to ensure that you are adequately briefed on the products.
Do get in touch with us if you have any questions.
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Yes, you can. Typically they are call direct purchase insurance. Here is some information about it: https://www.moneysense.gov.sg/articles/2018/10/...
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