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


Yan Xudong Max 颜旭东

Associate Director 副总监

About Yan Xudong Max 颜旭东

2015年开始从业，有超过7年的理财规划经验

Started working in financial industry since 2015, with more than 7 years of experience in financial planning

新加坡保险.投资.理财.信托等全球资产配置, 一站式，专业，独立。

Singapore insurance, investment, wealth management, trust and other global asset allocation, one-stop, professional and independent.

2007年移民定居新加坡的中国新移民，热爱简单的生活，乐于帮助他人，喜欢运动健身；恪守诚信，以客户利益为中心。

Chinese immigrant who has immigrated in Singapore since 2007, loves simple life, is willing to help others, likes to exercise and keep fit; abides by integrity and focuses on the interests of customers.

我的使命是帮助客户建立正确的理财观和方法论,实现财务健康。

My mission is to help clients establish correct financial management concepts and methodologies to achieve financial health.

我的定位：

为个人和企业提供中立,专业、一站式全方位的金融咨询服务,提供客户优质的财富管理和财务规划解决方案。

My Target：

Provide unbiased, professional, one-stop comprehensive financial consulting services for individuals and enterprises, and provide customers with high-quality wealth management and financial planning solutions.

保险板块(Insurance sector)
投资板块(Investment sector)
传承板块(Estate planning sector)

新加坡金融管理局注册牌照金融公司：（Registered and licensed financial company by the Monetary Authority of Singapore）

新加坡最大的独立理财顾问公司（Singapore's largest independent financial advisory company）

Financial Alliance(鑫盟理财) , 20年经验.

我们公司的业务伙伴️：（Our Partners:)
18家寿险公司
30多家普通保险公司(意外险、火险、工程险、汽车保险、旅游险等等）
4家基金交易券商平台(Havenport, iFAST奕丰, FAME辉立, Navigator)
70多家国际和本地基金公司(1000多只全球市场基金)
16家房贷银行(房贷推荐)
2家家族信托公司(推荐)

FIT 财务规划，量身定制，财务健康，财务自由
F: Financial Service财务服务 (理财规划、投资咨询)
I: Insurance 保险 (代理18家寿险公司,多选择、有对比)
T: Transfer of Estate (Referral) (财富传承,家族信托、遗嘱等服务)




#ChooseIndependent with Yan Xudong Max 颜旭东

An in-depth insurance portfolio review with Yan Xudong Max 颜旭东 could save you money as you spend less for the same coverage, or allow you to be better protected without spending a cent more.