Allan Lee - Seedly
 
Allan Lee

Easy-going person who loves to help those who wish to get help.

Allan Lee

Financial Planner at Axa Singapore

About

Easy-going person who loves to help those who wish to get help.

Credentials

Allan Lee's credentials are not filled up yet.

Allan Lee

Financial Planner at Axa Singapore

  • Answers (6)
  • Questions (0)
  • Reviews (0)

Insurance

Allan Lee
Allan Lee
Level 3. Wonderkid
Updated on 07 Jun 2019
Since you have signed it 2 weeks before 1st April 2019, means you will be automatically switch to the new rider (Enhanced Care Rider) from 1st April 2021. I suggest you stick to the current plan you're having. The main differences between old riders (Basic + General Care Riders) allows you to make 100% claim where the new rider (Enhanced Care Rider) allows you to make 95% claim which you will need to fork out a 5% Co-Insurance payment (Medisave). Please note that the old and new riders' premium are also different, new rider will be much more cheaper than the old one. Hope this helps you in your questions.

Investments

STI ETF

Allan Lee
Allan Lee, Financial Planner at Axa Singapore
Level 3. Wonderkid
Answered on 09 Apr 2019
Hi, you might be looking for some savings/investments tips that will give you a better interest rate rather than putting them in some place which generate low rate of interest?

Savings

Retirement

Investments

Allan Lee
Allan Lee, Financial Planner at Axa Singapore
Level 3. Wonderkid
Answered on 09 Apr 2019
It's never too early to plan for your retirement. The power of compounding helps in this area for people who started investing/saving money at a younger age because time horizon will be much longer than those who started later than you.

Investments

Savings

Retirement

Allan Lee
Allan Lee, Financial Planner at Axa Singapore
Level 3. Wonderkid
Answered on 09 Apr 2019
With a savings of $1,000/month, you're considered healthy in this sense. Perhaps you can look into AXA's AXA Wealth Treasure to grow your money there, a guaranteed 100% start up bonus might bring you to $1,000,000 before you turn 60. You also get to invest in stuffs which are not accessible to the retail investors. Hit me up if you've any burning questions.

PFF Panel 1

Insurance

Seedly PFF 2019

Allan Lee
Allan Lee
Level 3. Wonderkid
Answered on 09 Apr 2019
You might want to consider term plan which covers you till age 65 (Means you got to pay premium from the start to age 65) but if you get a whole life plan (You can choose your premium payment term like 15, 20, 25years) then get covered till 99 years old. One more thing to consider is that term plans do not have any cash value (Anything that you use to pay, you won't be able to retrieve them back if nothing happens to you) but for whole life plan, there is cash value.

PFF Panel 1

Insurance

Seedly PFF 2019

Allan Lee
Allan Lee
Level 3. Wonderkid
Answered on 09 Apr 2019
An advice to you here is to check how much premium have been paid, what is the current value of the policy and what are the cost of insurance for all the plans (This can be costly when the age of the life assured is higher than 50.)
Level 3. Wonderkid
22PointsGoal 40
18 POINTS TO LEVEL UP
Browse Rewards