Secure Your Future: Close Your Insurance Protection Gap Today

Are you adequately protected against life’s uncertainties?


 
Did You Know?

Singaporeans Face a $952 Billion Protection Gap


The latest Protection Gap Study 2022 by the Life Insurance Association Singapore (LIA) revealed that there remains a 21% mortality protection gap and a staggering 74% critical illness (CI) protection gap among economically active individuals in Singapore1.



$373 billion In total mortality protection gap
$579 billion In total critical illness protection gap



Find Out How to Close Your Protection Gap Today
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Why You Need to Act Now

  • Life Expectancy is Rising: Singaporeans are living longer, but extended lifespans mean more years of health-related expenses. Have you factored this into your current coverage? Not doing so could erode years of savings and derail even the most carefully laid retirement plans.

  • Critical Illnesses are Expensive: Did you know that on average, patients struck with a critical illness take around 3 to 5 years to recover and return to being economically productive? This leaves many families under-prepared for long recovery periods and lead to degradation in standard of living.

  • Peace of Mind for You and Your Loved Ones: Ensuring you are fully protected with life and critical illness insurance isn’t just about safeguarding yourself—it’s about giving your family financial security if the unexpected happens.

What Are the Essential Insurance Coverage Recommended for Working Adults?


According to the Monetary Authority of Singapore’s Basic Financial Planning Guide2, here are the basic rules of thumb for protection that you can consider.

Whole/
Term Life Insurance

  • Provides financial support to your loved ones in case of premature death, helping them cover ongoing lifestyle expenses.
  • The coverage amount recommended is at least 9 times your annual income.
Learn More

Critical Illness Insurance

  • Covers major medical costs and offers a lump sum payout to ease the financial burden of long-term recovery.
  • The coverage amount recommended is at least 4 times your annual income.
Learn More


For example, someone with the median monthly income of $5,197 should be covered for death & total permanent disability to the tune of at least $561,276. This person should also be insured against critical illness for at least $249,456.

Take Control of Your Future Today

To help you bridge your protection gap, Financial Alliance has partnered with our insurance partners to offer exclusive insurance bundles designed for young adults like you.

Our comprehensive solutions include both Life Insurance and Critical Illness Protection, offering you the best of both worlds.

For a limited time, these bundles come with attractive discounts, cashback rewards and other perks for customers. Terms and conditions apply.

Schedule a Consultation

Footnotes

[1] Source: Protection Gap Study 2022 by Life Insurance Association of Singapore

[2] Source: Basic Financial Planning Guide by the Monetary Authority of Singapore

Note: Insurance plays an important role in your financial planning, and buying an insurance product is a long-term commitment. You should seek financial advice from your trusted financial adviser representative before purchasing any policies.

Frequently Asked Questions on Term Life Insurance

Term insurance is life insurance that provides insurance coverage only for a fixed period of time. An example of term insurance is the Dependants' Protection Scheme.

Riders can be attached to enhance the benefits provided by the policy. As this may vary from product to product, check with your insurance company for more details.

Need Advice?

Meet Your #ChooseIndependent
Financial Adviser Representative


Lee Jireh 李以勒

Financial Advisory Manager 财务顾问经理

About Lee Jireh 李以勒

INDEPENDENT FINANCIAL ADVISOR (IFA)

By being “INDEPENDENT”, Lee offers impartial financial advice that is in the clients’ interest instead of providing biased advice that is unduly influenced by his business/insurer partners’ sales quotas or higher commissions.
As an independent financial advisory (IFA) firm, we have stuck to this principle from day one so that our clients benefit fully from impartial advice and put in place the best-suited financial plans.

With over a decade of experience in the finance industry, Lee has a wealth of knowledge and expertise that he brings to every client interaction. He has helped individuals and families achieve their financial goals and has earned a reputation as the go-to financial adviser for his clients.

What sets Lee apart is his ability to simplify complex financial concepts and make them easy to understand for his clients. As Lee believes that "Education is a Powerful Medicine", he is committed in educating his clients on all aspects of personal finance and takes the time to explain the pros and cons of different options in the market with no biasness to any of his business/ insurers partners. He empowers his clients to make informed financial decisions that are in line with their goals and ideals.

Lee is also known for his exceptional customer service. He has a team of dedicated professionals who work with him to provide his clients with the highest level of support and guidance. He believes in building strong, long-lasting relationships with his clients.

Lee is currently managing portfolio of clients from the US, China, India, Italy, Japan and ASEAN profiles. 

独立理财顾问（IFA）

作为“独立”的理财顾问，李提供的是符合客户利益的公正理财建议，而不是被他的业务/保险公司合作伙伴的销售配额或高佣金所过度影响的有偏见的建议。作为一家独立理财顾问（IFA）公司，我们从一开始就坚持这一原则，使我们的客户能够完全受益于公正的建议，并制定最适合的理财计划。

凭借在金融行业超过十年的经验，李拥有丰富的知识和专业技能，并将这些带到每一次与客户的互动中。他帮助了个人和家庭实现他们的财务目标，并赢得了高净值客户的首选财务顾问的声誉。

李的与众不同之处在于他能够简化复杂的金融概念，使客户容易理解。因为李相信“教育是一剂强有力的药方”，他致力于在个人理财的各个方面教育客户，并花时间解释市场上不同选项的优缺点，而不偏袒任何商业或保险公司合作伙伴。他赋予客户做出符合其目标和理想的明智财务决策的能力。

李还以其卓越的客户服务而闻名。他有一支敬业的专业团队，与他一起为客户提供最高水平的支持和指导。他相信与客户建立强大且持久的关系。

李目前管理着来自美国、中国、印度、意大利、日本和东盟的客户组合。




#ChooseIndependent with Lee Jireh 李以勒

An in-depth insurance portfolio review with Lee Jireh 李以勒 could save you money as you spend less for the same coverage, or allow you to be better protected without spending a cent more.