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SkyFP.com

  • Answers (12)
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Insurance

Career

Entrepreneurship

Is there such a thing as accountants insurance?
S
SkyFP.com
Level 4. Prodigy
Answered 8h ago
Hi yes! I think what you are referring to is Professional Indemnity insurance.
šŸ‘ 0

Insurance

Critical Illness (CI)

Life Insurance

Health Insurance

I am 49 yrs old and I had a heart bypass surgery 9 years ago. I want to buy any type of insurance as long as the insurer is willing to cover me. Budget is not an issue. Are there any options?
S
SkyFP.com
Level 4. Prodigy
Answered 8h ago
Hello The surgery will definitely be taken into consideration in the underwriting process. You can certainly apply first to get an underwriting decision. i will definitely be able to assist you on this! You can find my contact details here: https://www.skyfp.com/contact/
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Career

Fresh Graduates

Undergraduate

SeedlyTV S2E10

I've just realised my intern mate who's from a private uni (sim) actually gets paid higher than me, and I'm from nus! I was shocked and beyond words. Why is it so?
S
SkyFP.com
Level 4. Prodigy
Answered 2w ago
Welcome to the world of reality. Congrats on landing a highly coveted internship. Your career path is not a competition against others but with yourself. Less about comparing, if you like this company, think about how you can increase your value to the company and land a full time position with them after graduation. With good work ethics and attitude, your payscale will follow.
šŸ‘ 0

COVID-19

Entrepreneurship

Career

SeedlyTV S2E03

I set up my own private limited company 2 years ago, and my role is director of the company. It's a very small company and I dont have any employees. Can I receive help from the SIRS scheme?
S
SkyFP.com
Level 4. Prodigy
Answered 2w ago
As long as the criteria is met, you will be eligible!
šŸ‘ 0

Insurance

Hospitalisation Insurance (H&S)

Critical Illness (CI)

Whole Life Insurance

Life Insurance

I have been working for 3 years (27 this year). My take home pay is about 3.5k. How much should all my insurance cost? Is 10% of 3.5k a good gauge?
S
SkyFP.com
Level 4. Prodigy
Answered 2w ago
It is more of how much you are being covered for, rather than the absolute cost. CI coverage may be the most important for you if you are still single, without dependants. Think about how much you would need in the event of CI. When it happens, people will hope that they have more. But this should not be at the expense of monthly cost (affordability).
šŸ‘ 0

Savings

Endowment Policies

Insurance

Investments

Are savings or endowment plans essential?
S
SkyFP.com
Level 4. Prodigy
Answered 2w ago
Endowment serves to guarantee the amount of money you will need in time to come, while hedging against risks such as health from reaching the target. There are various instruments that serves differing needs and it is important to choose the right one. https://www.skyfp.com/2016/02/endowment-safety-net-savings-retirement/
šŸ‘ 0

SeedlyTV S2E08

CPF

Insurance

Investments

AMA 1M65

Savings

Would joining insurance be the fastest way to reach 1M? Or would joining a 9 to 5 and investing still allow me to reach the same end goal with the same time frame?
S
SkyFP.com
Level 4. Prodigy
Answered 4w ago
I believe you are asking about career option. The skillset you possess to excel in your job is more important. There are not fixed paths that is the best, but one that you enjoy and suits you. Investments can be done as a hobby on the side.
šŸ‘ 1

PolicyPal

Investment Linked Policies (ILP)

Insurance

Life Insurance

Term Life Insurance

Whole Life Insurance

Should I withdraw from my great eastern ILP and purchase a term/whole life insurance product instead?
S
SkyFP.com
Level 4. Prodigy
Answered 4w ago
It is most important to recognise your current situation. Firstly, is to review the current status/performance of the ILP. I hope your planner is able to provide you with a good view of the current market situation as well. The features of the ILP also matters. Next is to review the coverage you need and the cost of coverage. I do not know the coverage you have through the ILP, or if you can reduce/increase the coverage. You can compare the COI in the ILP vs the cost of term, which I suspect , in the long run the term makes more sense. If so reducing the sum assured in the ILP and increasing coverage using term makes perfect sense. Do review both aspects to give yourself an idea what to do.
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Insurance

Life Insurance

Term Life Insurance

Critical Illness (CI)

PolicyPal

Should I get life insurance or critical illness insurance first, then add on the other after, or get both insurances together? I'm looking at term till 65 or 70 yo. What is a good sum assured? Any policy recommendations?
S
SkyFP.com
Level 4. Prodigy
Answered 4w ago
I would suggest covering both at a reasonable budget, rather than then going for either. Sum assured for life insurance depends on, 1. your liabilities, such as study loan, housing loan (may not be applicable now) etc 2. the amount you want to leave for your parents, or maybe cover last expenses. For CI, you will be looking at cost of treatments (that is not covered by hospitalisation plan which I hope you do have, this is the most basic form of insurance!), and living expenses along with cost of not being able to work.
šŸ‘ 0

Insurance

Critical Illness (CI)

Life Insurance

PolicyPal

Term Life Insurance

Whole Life Insurance

Other than AXA Cancer Recover plan/savings/international health plans, are there any other alternatives for cancer survivors? Should I still apply for life/CI insurance given that cancer is excluded?
S
SkyFP.com
Level 4. Prodigy
Answered 4w ago
Underwriting process will not be as straightforward. I suggest trying, to see if exclusions/loading is offered. It is highly unlikely for standard offer, but I cannot represent the underwriter's judgement. For ISP, the chances are low. I can assist if you wish to try! Read more here: https://www.skyfp.com/2020/06/cancer-survivors/
šŸ‘ 1
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