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AIG Sapphire Enhanced

Personal Accident Insurance

Insurance

What are some of the key benefits of AIG Sapphire Enhanced personal accident insurance?
Kathlyn Laiu
Kathlyn Laiu, Community Associate at Seedly
Level 6. Master
Answered 22m ago
The AIG Sapphire Enhanced covers the basic personal accident insurance benefits. They also cover TCM treatment so if you decide to visit the TCM, they will reimburse you up to $750 per accident. There is free coverage of up to 20% of your insured lmit for your children if you and your spouce are insured. AIG also allows flexible payment agreements so you can pay annually or monthly, through GIRO or credit card depending on what you prefer. Do compare this plan to other personal accident insurance benefits through the specific product pages on the right side. You can view reviews, ratings and other questions asked about other personal accident insurance products available!
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Retirement

Investments

Dividends

REITs

Stocks Discussion

Online Brokerages

Property

How much does one have to invest in to get a dividend of $500/mth? I hope to have advice from someone with more experience. Also, what is the best to invest in long term for dividends?
You can consider REITs or annuities. If the quality of cashflow is important to you, you would need to take thaat into consideration when designing your cash flow. A good strategy would be diversifying your streams of income across different asset classes to ensure that the "dividend" risk is lowered. https://www.aaronleow.com/wealth-projection-calculator You can use the above calculator for annuities and a guide to a projecteed income per month based on your current income.
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Investments

Stocks Discussion

Online Brokerages

I do not have 6 months of earnings but i want to invest in shares/stocks like starbucks for instance. Any advice?
Hey there! We call this the emergency fund. In the event, you are sick/retrenched and you lose your income, you don't have to tap into your investment for liquidity. Ultimately it's up to your risk level and your kind of investment; some people do a monthly DCA which probably won't be as scary as pouring a lump sum in without an emergency fund. Financial planning is an integral part of life. You can reach me here to find out more.
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Health Insurance

Life Insurance

Critical Illness (CI)

Early Critical Illness (ECI)

Hospitalisation Insurance (H&S)

Whole Life Insurance

Insurance

Hi. I have a whole life insurance and hospital plan (with exclusion for stomach). Recently, I found out that I had a fibroadenoma around my chest area. Is there a need to buy more CI plans?
The whole life is only gone if the critical illness is an accelerated benefit, and your critical illness benefit matches your death/disability benefit. You can calculate your life insurance requirements here: https://www.aaronleow.com/insurance-requirements-calculator You will have to declare your medication condition and be subjected to conditional offerings for insurance.
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Insurance

I’m a freelancer camera crew, given the current situation with no jobs, should i continue paying my investment link? I only started January this year.?
Hey there! Try and see if your ILP has a premium holiday function. Take note that there should be a premium holiday charge but thats minimal compared to your whole plan potentially lapsing. Financial planning is an integral part of life. You can reach me here to find out more.
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Ergo Car Insurance

Car Insurance

Insurance

What does Ergo's private car insurance cover for third parties?
Kathlyn Laiu
Kathlyn Laiu, Community Associate at Seedly
Level 6. Master
Answered 2h ago
The Ergo car insurance covers third party property and injury liability. Legal liability for passangers for act of negligence and 24hrs mobile accident response services. Third party fire and theft is also covered under Ergo's private motor car insurance policy.
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Retirement

Insurance

Lifestyle

Endowment Policies

Are retirement/endowment plans from insurance companies a good way to grow retirement income? Or are there better alternatives?
Hi anon, If you are looking at ensuring guaranteed income, then besides CPF Life, retirement plans are another alternative to supplement your retirement portfolio with guaranteed income. In my view, CPF Life is the best annuity there is and you should work on getting that maximized first. Some people may be apprehensive with going for the Enhanced Retirement Sum, so at least work on having the Full Retirement Sum set aside. At the same time, you can consider having private annuities/retirement plans supplement what CPF Life will provide. As an asset class, annuities and retirement plans are not impacted by market risk, which means the income stream they provide you will be guaranteed and predictable. Thus, when there is market turmoil or your investments are not doing so well, you do not need to liquidate them to raise money to fund your retirement. I would recommend that your guaranteed income sources be sufficient to cover at least your basic expenses in retirement, and some kind of 'laddering' be done so that your guaranteed income steps up over time to combat inflation. The rest of your income streams can come from other sources, and those will likely be variable sources such as stocks and UTs. But that's another topic altogether.
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Investments

Insurance

Endowment Policies

What is endowment plan, how much returns will it provide me?
An endowment plan is a form of savings plan, with insurance component, that is design to help save up till maturity, or annual payout in the case of annuities. There is a variant of this called Traded Endowment Policies/Plans (TEPs) which is pre-owned endowment policies that was bought-over and then re-sold by 3rd party brokers. The projected IRR is between 3.8% and 4.6%, and is usually higher projected IRR and shorter term to maturity as compared to newly incepted ones for the same policy structure. Disclaimer: I co-founded a business trading insurance policies.
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DBS

FSM One

Regular Shares Savings Plans (RSS/RSP)

Investments

Online Brokerages

ETF

Unit Trust

DBS Invest Saver vs FSMOne RSP for a beginner - which is better? Is it better to invest in ETFs or unit trusts?
I
Irfan
Level 3. Wonderkid
Updated 2h ago
Invest Saver has one of the lowest fees when it comes to RSP w no minimum fees. However it only has 4 ETFs which you can invest in. FSMOne has a miminum fee of SGD1 but offers a lot more ETFs, including overseas ones. If you intend to only invest in SG ETFs, go DBS - IS.
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Stocks Discussion

REITs

Investments

CapitaLand Mall Trust and CapitaLand Commercial Trust are looking to combine. What do you think of it?
Rave Ong Ci De
Rave Ong Ci De
Level 6. Master
Answered on 22 Jan 2020
Hopefully, there is some synergy and cost may go down,e.g REITs manager fees, share's fee). Another benefit would be that they are able to go for bigger projects since they can have more debt. (REITs has a cap to their gearing ratio, so if there is a bigger base, there can be more debt). I think these would be the main benefits. Deal-wise, they seem to be paying fair value for it, rather than a premium. But hey, at least they are not undercutting it.
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