Singapore Life Insurance - More Than Just A Security Blanket
On 09 Dec 2014
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Life insurance can be called as an important aspect of financial planning and it can be used for achieving goals like saving for the education of your child, investment returns and income protection. If you are in Singapore, the Singapore life insurance can turn out to be a valuable tool for meeting your financial requirements and that of the financial requirements of your dependents too. This tool can act as a buffer when some unforeseen things happen in your life. In addition to providing financial protection, it can meet different financial goals as well. It can instill a discipline in you in saving regularly for your varied monetary requirements such as the education of your child. In addition to providing monetary safety to your dependents, it can also help you in achieving potential higher return on your investments as well. With a view to cater to the different needs of people, different types of insurance policies are available and now let us find some details about the different types of policies available, so that you can choose the suitable option: Term insurance: This type can provide you protection across the stipulated period and it can provide the required coverage at affordable premiums. For instance, you can go for a policy that can provide protection, until your child reaches the stage of acting as an independent adult. Under this type of coverage, you cannot get any cash payouts at the end of the period. However, in the case of some unforeseen happenings within the policy period, the family members will get the benefits. Whole life insurance: As the name implies, it is a long-term commitment and it can provide you lifelong protection, until you pay the premiums either for a stipulated period or for your entire life. Even though, the amount of premium you will have to pay under this type of coverage will be more, the level of protection you and your family members can enjoy is lower. However, most of the policies coming under this category will accumulate cash values over the period of time, which will double as a form of long-term savings. There are other types of policies, when you are looking for the right Singapore life insurance coverage for yourself. For instance, there are other types like universal coverage, investment-linked insurance coverage, endowment policy, etc. Your insurance advisor can provide you the right kind of guidance in selecting the appropriate policy that will suit your current financial position and future financial requirements. Life insurance is always the backbone of any solid financial plan. Insuranceguru.com.sg is firm who tied up with insurance agents of more than 12 major insurance companies in Singapore and helps you to get the best life insurance quote that would satisfy all your needs. To explore more, visit us online at http://insuranceguru.com.sg/ Go to | Previous Page |
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