facebookShould I bring my mother to meet a financial advisor to buy a shield plan, or just buy the plan directly? - Seedly

Advertisement

Anonymous

22 Mar 2020

Insurance

Should I bring my mother to meet a financial advisor to buy a shield plan, or just buy the plan directly?

Intend to buy a shield plan for my mother. She has not visited any clinics or Hospitals as far as I can recall. From what I know, pretty straightforward case. Is a must for her to meet a financial adviser?

Discussion (5)

What are your thoughts?

Learn how to style your text

Tan Li Xing

22 Mar 2020

Financial Consultant at Prudential Assurance Company (Singapore)

Hi Anon,

In regards to shield plan, just to highlight that premiums are based on age, thus there might a cash element needed for premiums, as the current withdrawal limit from medisave to pay for the shield plan is limited to $900 per annum, just thought that it would be good for you to know​​​

Pang Zhe Liang

22 Mar 2020

Fee-Based Financial Advisory Manager at Financial Alliance Pte Ltd (IFA Firm)

There is no direct purchase available for private integrated shield plan. Accordingly, the applicant and the insured (your mother) has to consult an insurance agent for advice and to submit an application.

During the application, we will declare her health situation accordingly.

I share quality content on estate planning and financial planning here.

View 3 replies

Write your thoughts

Advertisement