Advertisement

Anonymous

07 Jun 2019

∙

What’s the average amount of expenses for funerals of our lives ones?

Sounds morbid but there’s only two guaranteed events in life. Death and taxes. I’m 23 but trying to prepare for future emergencies. How much do I need to prepare for my own funeral or for my loved ones?

4

Discussion (4)

What are your thoughts?

Learn how to style your text

Loh Tat Tian

07 Jun 2019

Founder at PolicyWoke (We Buy Insurance Policies)

I had the same thoughts 10 years ago. That is why i bought a whole Life Insurance for myself, which the amount will adjust itself with inflation. Also, this whole life acts as a basic CI protection (with CI rider) for myself, while i top up the rest with CI term insurance (Aviva Mindef is a very cheap vehicle for CI insurance, though ECI is not worth due to limited conditions).

Most funeral should only cost about $30,000 at most (for a very grand 1). The longer your funeral is held, the costlier it will be.

Reply

Save

View 2 replies

YT

01 Jan 2019

Hi, you can take a look at this article:https://blog.moneysmart.sg/budgeting/funeral-se...

Reply

Save

Write your thoughts

Related Posts

I am 26 (M) and only have $12k in the bank (inclusive of expenses + savings). Should I be worried? What is the average amount one should have at this age?

I am retired and fully invested. Deciding between surrendering one of my life policies or cashing out from my stock or unit trust investments to fund my next 6 months of living expenses. Which one?

For those of you who (i) work in CBD, (ii) 30 years old or younger, (iii) track your spending, I am wondering what is your average monthly expenses (in absolute amount)?

Should one invest a high (CPF OA) amount for the initial investment with Endowus or should one start a small (CPF OA) amount for initial investment with Endowus?

Which is the better loan option to take for HDB BTO? HDB or Bank Loan? What is the typical loan amount as a % of property price? If one has ability to pay up for the property, should one do so and reduce the % of property price that is using loans?

Related Posts

I am 26 (M) and only have $12k in the bank (inclusive of expenses + savings). Should I be worried? What is the average amount one should have at this age?

I am retired and fully invested. Deciding between surrendering one of my life policies or cashing out from my stock or unit trust investments to fund my next 6 months of living expenses. Which one?

For those of you who (i) work in CBD, (ii) 30 years old or younger, (iii) track your spending, I am wondering what is your average monthly expenses (in absolute amount)?

Should one invest a high (CPF OA) amount for the initial investment with Endowus or should one start a small (CPF OA) amount for initial investment with Endowus?

Which is the better loan option to take for HDB BTO? HDB or Bank Loan? What is the typical loan amount as a % of property price? If one has ability to pay up for the property, should one do so and reduce the % of property price that is using loans?

Advertisement