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Clarence Chua
07 Jun 2019
Financial Planning Specialist at Prudential Assurance Singapore
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Insurance first, specifically as a working adult, the first insurance you need is to cover hospitalisation costs. At this point, you may have no dependents and thus life insurance (whether whole life or term) can be delayed first. Don't rely on your company's plan as it is usually non-transferable when you leave or get retrenched.
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Li Yu
27 Apr 2019
Financial Services Consultant at Manulife Financial Advisors
Insurance protection comes first.
You don't want to be forced to cash out your investment when something bad happens becos you never do proper protection first.
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Insurance. Always.
Investment is essential to help you grow your wealth but you need to make sure your base is covered first.
in any case of unfortunate circumstances, your insurance will save your financial health more better than investments.
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Insurance 1st, for protection only.
Integrated shield plans, term plans, ci, tpd etc
Never mix i...
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You should always get your insurance set up first.
Because an illness or disability can take all your wealth or the ability to generate income away in a day.
A simple way to set up your priorities for finance in order is a CSI concept. (Coverage, Savings, investment.)
Get your money protected, accumulate them then grow them exponentially.
Always good to set up a firm foundation then build your tower. ππ»