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Alan Kor

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Alan Kor

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Alan Kor

52Upvotes
  • Answers (80)
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Insurance

Alan Kor
Alan Kor,
Level 5. Genius
Updated 2w ago
Just say no and if he is persistent, ask him to pay for the product which you will buy from him

Investments

Alan Kor
Alan Kor,
Level 5. Genius
Updated 3w ago
Do not ever touch ILPs. You can thank me later. Cheers!

Insurance

Investments

Alan Kor
Alan Kor,
Level 5. Genius
Updated 3w ago
yes you are right, never mix insurance with investment. the only pple who advocates mixing insurance with investment are the pple who are selling the plans and profitting heavily from the huge commissions. pulsar is a rubbish plan, better surrender before more losses are incurred. likewise, when agents tell you that they "managed to get double digit returns on my client's pulsar policies over the last 2 years even after after the recent sell off", take it with a pinch of salt lol

Savings

General

Alan Kor
Alan Kor,
Level 5. Genius
Updated 3w ago
take home 2.8k save maybe 1.5k per month 1 yr 1.5k x 12 = 18k haven factor in any bonuses can pay off in less than 2 yrs struggle with savings? that will be an attitude/mentality problem

Insurance

Fresh Graduates

Ultimate Hacks: Adulting

Alan Kor
Alan Kor,
Level 5. Genius
Updated 3w ago
NEVER MIX INSURANCE WITH INVESTMENT. yeap that is right, in CAPS.

General

Fresh Graduates

Alan Kor
Alan Kor,
Level 5. Genius
Updated 3w ago
take home 3k, Singtel bill $80, monthly medical bill about $500/mth 1) can try lower ur singtel bill? 2) if just starting work with no/min commitments, aim more >50% savings which is ard 1500 to build up emergency fund and warchest for investment 3) left with ard 1k for ur expenses

Insurance

Investments

Alan Kor
Alan Kor,
Level 5. Genius
Updated 3w ago
ILPs is a no go. You will only make the seller richer. Both are not similar. Better read up more on understanding the differences.

Health Insurance

Hospitalisation Insurance (H&S)

Healthcare

Critical Illness (CI)

Endowment Policies

Investment Linked Policies (ILP)

Lifestyle

Insurance

Alan Kor
Alan Kor,
Level 5. Genius
Updated 3w ago
Hospitalizaion - integrated shield plans. Whether you want to stay in a public or pte hospital, is up to you. Read up on riders too. Weigh the premiums costs. It will get more expensive as you get older. Critical illness - AK71 said... From my FB wall: Brendan Yong Weng Chun: "I recommend 3-5 years total annual expenses (income is u can afford) for CI. Reason: if CI strikes, major costs for hospital will be borne by your integrated shield plan plus riders. The CI payout buys time for 3-5 year "break" from work so you can be stress free, hopefully get well enough to go back to work. Maybe pay for some incidentals: supplements, medical devices, experimental drugs .. Early CI in my view generally not necessary, just a good to have." 9 Feb 15 February 9, 2015 at 9:45 PM CI always come bundled with life insurance. Term life provides maximal coverage with minimal costs. Whole life provides minimal coverage with expensive costs, and also mixed investment with insurance. Agents will always want you to get the more expensive plans leading you to become under-insured as they get more commissions, cue the WL and ECI recommendation. Do you have dependents ie your spouse/parents/siblings?

Insurance

Alan Kor
Alan Kor,
Level 5. Genius
Answered 3w ago
1) Integrated shield plan for hospitalization 2) Term life for death, tpd and ci There are protection only insurance plans. Please, do not mix insurance with investments and buy ilp, endowments and whole life. These are very expensive plans with high premiums but giving low coverage and returns.
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