Anonymous

07 Jun 2019

∙

What’s the average amount of expenses for funerals of our lives ones?

Sounds morbid but there’s only two guaranteed events in life. Death and taxes. I’m 23 but trying to prepare for future emergencies. How much do I need to prepare for my own funeral or for my loved ones?

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Loh Tat Tian

07 Jun 2019

Founder at PolicyWoke (We Buy Insurance Policies)

I had the same thoughts 10 years ago. That is why i bought a whole Life Insurance for myself, which the amount will adjust itself with inflation. Also, this whole life acts as a basic CI protection (with CI rider) for myself, while i top up the rest with CI term insurance (Aviva Mindef is a very cheap vehicle for CI insurance, though ECI is not worth due to limited conditions).

Most funeral should only cost about $30,000 at most (for a very grand 1). The longer your funeral is held, the costlier it will be.

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Yang Teng

01 Jan 2019

Hi, you can take a look at this article:https://blog.moneysmart.sg/budgeting/funeral-se...

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