May I also add that ensuring your topline salary increases is important as well. For most of us, salary is our main source of income. Increasing salary means the amount of capital you can save will also increase. (It also depends on how a person is also spending. If one spends 100% or more of whatever he/she earns -think Mike Tyson-, then no matter how much salary, there'll still be nothing left at the end of day) And how to increase salary? We have to be constantly upgrading our skills and be mindful of the value that we can offer to employers. Our government really thinks for us until swee swee, so that's where SkillsFuture and their subsidy for firms to send their employees for training come in. For Insurance part, you might want to look at insuring for Critical Illness. Although Life Insurance may cover that portion, it sometimes maybe insufficient if get too little, and too expensive to get more just to ensure sufficient coverage. Usually, the illness doesn't always kill the patient. What is left behind after leaving the hospital are non-hospital bills e.g. follow-ups, medication, alternative treatments e.g. TCM, domestic helper hire etc. (especially in stroke or diabetes situation) So the CI payout will cover for this. Currently, there are CI that insure for early stages of cancer or those that pays out multiple times. Usually once a patient get cancer once and recover, it's quite hard to get insurance again to protect against cancer for the second time because there is a possibility of relapse. And it is this risk that the insurers don't like to take on. Hence, if you're healthy now, you may want to look into multi-pay CI plans. Of course, after covering all bases, I'd say the most ultimate, super, duper important thing is to keep yourself healthy. When you have health, you can have everything. If there's no health, whatever money earned is channeled into getting it back. Hope this insight helps to faciliate in your decision-making going forward! All the best and stay healthy!