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


Wang Yawei Gary, 王亚威

Financial Advisory Director 理财团队总监

About Wang Yawei Gary, 王亚威

My name is Wang Yawei, a Financial Advisory Director at Financial Alliance, dedicated to providing professional financial advice and services to our clients. I am originally from China and moved to Singapore in 2008 after receiving the Singapore MOE Scholarship. I pursued my degree at the National University of Singapore (NUS) before starting my career in the financial industry.

My journey began in 2014 as a financial advisor with AXA. In 2016, I joined AIA Singapore and quickly advanced to the role of Financial Services Manager, where I started building my own team - ANXIN Wealth Group. By 2019, I was promoted to Financial Services Associate Director as my team continued to grow. In 2022, I made a significant decision to transition from a tied-up insurance agency to an Independent Financial Advisor, joining Financial Alliance, which is where I am today. Currently, I lead a team of 21 advisors as the Financial Advisory Director.

What sets us apart is our genuine care for our clients' interests and our commitment to providing professional advice and services. Our focus is not just on product knowledge, but also on financial planning knowledge and skills. As a team leader, I care deeply about my advisors, prioritizing quality over quantity. My goal is to see them grow and achieve their dreams while building meaningful careers.

We find joy not just in the money we make, but in the fulfilling work we do, and the positive impact we have on our clients' lives. Feel free to explore my website and don't hesitate to contact me to learn more about our team, our services, and how we can help you. 

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安新财富管理：安居新加坡，安心规划未来

我叫王亚威，现任鑫盟理财（Financial Alliance）的理财团队总监，致力于为客户提供专业的金融建议和服务。我来自中国，2008年获得新加坡教育部SM2奖学金后移居新加坡，在新加坡国立大学（NUS）攻读学位。毕业后，我开始了我在金融行业的职业生涯。

我自2014年加入AXA，担任理财顾问。2016年，我加入了AIA新加坡，并迅速晋升为金融服务经理，开始组建自己的团队-安新财富管理。到2019年，随着团队不断壮大，我晋升为金融服务副总监。2022年，我做出了一个重要的决定，从与保险公司捆绑的代理商转为独立财务顾问，加入了鑫盟理财，也就是现在的公司。目前，我作为财务顾问总监领导着一个由21名顾问组成的团队。

我们与众不同之处在于，我们真诚关心客户的利益，并致力于提供专业的建议和服务。我们不仅注重产品知识，还注重财务规划知识和技能。作为团队领导者，我非常关心我的顾问们，优先考虑质量而非数量。我的目标是帮助他们成长并实现他们的梦想，同时建立有意义的职业生涯。

我们的幸福感不仅来自于赚钱，更来自于充实的工作、对客户生活产生积极影响的事业。请阅览我的网站，了解更多关于我们团队、我们的服务以及我们如何为您提供专业服务的信息。如有任何问题，请随时与我们联系。




#ChooseIndependent with Wang Yawei Gary, 王亚威

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