Hey there! Most parents opt for a whole life coverage at the start for their children while generating a nominal cash value as well since whole life policies are participating in nature. I think you have to be very clear as to the reason why you're getting it. If its for high coverage for a short period of time, then term works best and this is normally great for people during their essential working years. Otherwise, most parents will opt for a lifetime coverage while paying only for a short period of time (since the earlier you start, the cheaper it is). Do sit down with a trusted financial advisor to evaluate your needs and life stage. Financial planning is an integral part of life. You can reach me here to find out more.

Hey there! In general, the guideline for coverage will be as such: 10 X for death and total permanent disability 5 X for Critical Illness Of course all this depends on your budget and needs. The earlier you get these plans, the cheaper it will be and you don't have to run the risk of a pre-existing condition that comes with age. You have a few strategies you can employ: You can either get a Whole Life plan with a early CI rider attached to it or get a term plan covering death&total permanent disability and a separate multi-pay CI plan. Both will depend on your budget and needs and preferences. Will probably need to chat more to find out where you're at and what your needs are. Policies change and evolve alongside with time so its rather competitive in terms of benefits. So policies aside, do make sure you find yourself a trusted Financial Advisor who can journey with you through the different life stages and offer objective advice. Financial planning is an integral part of life. You can reach me here to find out more.

Hey there! You might want to submit a preliminary underwriting for your case for now. Ultimately, having a hospital plan with potential exclusions is better than having none at all since hospital plans can cover for the exorbitant medical bills. So do try your luck and submit your application and see how it goes from there. During your health declaration, it is best to best declare whatever conditions that you know of. The underwriting process may require you to submit medical documents/reports to support your health declaration. You might want to opt for a hospital plan that doesn't increase their premiums upon hospital claims. There are many options for you. Take care! Financial planning is an integral part of life. You can reach me here to find out more.

Hey there! In general, PA plans can offer different tiers of coverage depending on your needs and budget. AIA Solitaire offers a basic plan that covers accidental deaths, burns and dismemberments and disability due to accidents as well as the minor injuries that may require TCM or chiropractor reimbursements. AIA Solitaire also allows the options for add-ons that cover weekly income options you are unable to work due to an accident or hospitalization income benefits in the event you are hospitalized due to an accident and broken bones benefits as well. So I will say it is comprehensive and customizable according to your budget and needs. Feel free to reach out if you need an AIA representative to explore your options! Financial planning is an integral part of life. You can reach me here to find out more.

Hey there! There are different school of thought for this. For many people, it's much more convenient to consolidate all your protection needs under one agent so you only have that one point of contact in the event something happens. So it's not a right and wrong thing, its just knowing what works best for your needs. And also, you will want to look at someone whom you can trust, that will journey with you through your different life stages and offer objective advice too. In general, the comparison of different products, at some point may not be relevant because products change and evolve along time so it's rather competitive. Financial planning is an integral part of life. You can reach me here to find out more.

Hey there! You might want to consider purchasing another policy if that works for you, eg. getting a term plan to cover your essential working years. Financial planning is an integral part of life. You can reach me here to find out more.

Hey there! You can definitely opt to switch to an agent that is under the same insurer if they are working in the same company. Some of your old policies might be generating a certain cash value that will be very useful for you in the long term. Financial planning is an integral part of life. You can reach me here to find out more.

Hey there! Your health protection side is probably sufficient for yourself and number of dependents. That said, financial planning entails protection and a wealth accumulation aspect. You might want to explore other alternatives to wealth accumulation, apart from having an endowment plan, such as exploring investment options. Depending on your risk appetite and time horizon, there are a variety of options available for you, whether it's a roboadvisor, ILP, RSPs or doing it on your own. You might want to read up or speak to a trusted financial advisor to find out more! Financial planning is an integral part of life. You can reach me here to find out more.

Hey there! You might want to look at submitting application for a preliminary underwriting to see what will be offered to you, especially in the area of Critical Illness. Typically, there will either be an exclusion, loading (increased premiums) or a rejection of the offer. All the best! Financial planning is an integral part of life. You can reach me here to find out more.

Hey there! Budget allocation is a great thing but what determines this is the direction both of you guys undertake in light of the reality of your living expenses, costs etc. It's hard to get a partner to save when there isnt a consensus on the importance of saving. You guys might want to sit down and decide what is important for you guys, both short and long term. Joint accounts can be a sensitive thing. Some people are averse towards it; some people do a joint account and put only some of their monies in. This will be up to how the conversation with you and your partner go. Personally I feel its good to have a joint account since marriage is the mutual trust of joining of finance. However, depending on how your conversations with your partner go, you may want to opt for a second bank account either for expense sake or for savings. The opening of the joint account should best be set up after you guys are married though. You guys might want to list down some of the projected expenses eg. housing, renos, weddings etc and plan a budget around that. Do up an excel sheet if you need to for all these. All the best! Financial planning is an integral part of life. You can reach me here to find out more.