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


Teo Zandra 张倩云

Financial Consultant

About Teo Zandra 张倩云

大家好，我是一位理财顾问代表，致力于帮助人们为他们的亲人留下珍贵的财富传承。我深信，我们每个人都应该思考如何在我们离开这个世界之后，给我们所爱的人留下一份真正有意义的遗产。

作为理财顾问，我致力于帮助人们制定个性化的财务计划，以确保他们的财富能够持续增长，并为他们的亲人提供长远的福利。我不仅关注投资和财务策略，还注重风险管理和遗产规划，以确保财务目标得以实现。

我相信任何人都可以通过该财务规划实践来取得财务上的成功，并保障爱的人。

我了解每个人的财务需求都是独特的，因此我会与您合作，深入了解您的目标、价值观和优先事项，以制定适合您的个性化解决方案。我将与您建立信任和长期的合作关系，以便您能够安心知道您的财务未来处于专业的指导之下。

我的目标是帮助您建立一个可持续的财务基础，让您的爱人们在您离开后能够继续过上安全、舒适的生活。无论是教育基金、养老金、保险计划还是遗产规划，我都将为您提供专业的建议和全面的支持，确保您的财务遗产能够为您所爱的人提供持久的帮助和支持。

如果您希望为您的家人建立一个有意义的财务遗产，我很愿意为您提供帮助。请随时与我联系，我们可以共同制定一个符合您需求的财务计划，以确保您的遗产能够为您所爱的人留下一个可贵的传承。

 

联系我 😊

 

 

Hello everyone, I am dedicated to helping clients achieve financial security, plan for their future, and preserve their legacies.

I provide comprehensive and personalized advice to help clients navigate the complexities of their finances and make informed decisions.

As a financial consultant, my primary goal is to help individuals like you to achieve your financial objectives and lead a financially stable life.

Secondary, to build a sustainable financial foundation that allows your loved ones to continue living a secure and comfortable life after you're gone. I work closely with you to develop tailored financial plans that encompass short-term and long-term goals. Whether it's retirement planning, investment strategies, or debt management, I offer professional guidance to optimize financial growth and minimize risks with comprehensive support

I believe that anyone can achieve financial success through the practice of financial planning and provide security for their loved ones.

 

Contact me

 

 

 




#ChooseIndependent with Teo Zandra 张倩云

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