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.
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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


Ulysses Khoo

Financial Advisory Manager

About Ulysses Khoo

I am glad to introduce myself as an established Financial Advisor at Financial Alliance, with over a decade of experience in the field of financial advice services. I are dedicated to helping individuals and families like yourself to achieve financial abundance and security. As a financial advisor in the largest independent financial advisory firm in Singapore, I take pride in offering objective and personalized solutions tailored to your unique needs. My commitment to continuous learning ensures that you receive the most up-to-date and informed advice.

 

Comprehensive and Holistic Approach

I specialize in holistic financial planning, addressing every aspect of your financial well-being. My comprehensive approach covers meticulous risk management through insurance solutions, as well as intelligent investment strategies utilizing a diverse range of options such as stocks, ETFs, UTs, REITs and bonds. I believe in providing you with a complete financial toolkit that empowers you to make informed decisions.

My expertise extends to portfolio management and estate and legacy planning, ensuring that your financial future is secure and prosperous. I understand that each individual and family has unique goals and aspirations, and I work closely with you to develop personalized strategies that align with your vision.

 

Client Satisfaction and Referrals

My business thrives on referrals, which serve as a testament to the trust and satisfaction my clients have in my services. I take pride in building long-lasting relationships with my clients. My approach combines professionalism with genuine compassion, ensuring that every client feels heard, understood, and cared for.

 

Your Financial Success Partner

If you are looking for a financial advisor who not only possesses expertise but also empathy, then I am here to assist you. My mission is to help you reach your financial goals and empower you to make informed decisions. I understand that financial well-being is about more than just numbers; it's about achieving peace of mind and creating a legacy for future generations.

I am excited about the opportunity to make a postive difference in your life. To learn more about how we can collaborate on this financial journey, please contact me via WhatsApp or email, and I will be sure to get back to you promptly.




#ChooseIndependent with Ulysses Khoo

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