Anonymous

18 Apr 2019

∙

Did you purchase disability income (DI) insurance? Or do you think that only those with high-paying specialized jobs require DI insurance?

AMA SG Young Investment

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Cherie Julianne Tan

08 Sep 2018

Marketing at MoneyOwl

I don't think only high-paying specialised jobs should get disability income (DI) insurance.

Some reasons why you should consider getting one would be, if

You don't want to burden your family members who will be supporting you;
To ease the burden on your family members supporting you;
No one is able to support you till you recover.

Sorry SGYI, back to you haha.

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Related Posts

Do you think the Covid-19 Recovery Grant is actually beneficial for workers in lower- to middle-income households who experienced involuntary job loss, involuntary no-pay leave (NPL) or income loss?

How much are you paying for insurance? I'm 25, paying $400/month for hospitalisation, life (20 years payment then cover for life), ECI, CI, disability income of 2800/month. Is this a fair amount?

What happens if you change job after you get disability income insurance eg from office job to nurse? Will premiums change? Or it’s dependent on salary?

Do I need to inform insurance company for disability income every time I change job even if all of them are desk jobs with similar risk?

Why do you say in the slides that only specific occupations like doctors and lawyers require disability income insurance?