Understand Insurance Policy

[lchunl001]

Hi

i wish to know is there any place or link or website which i can know more about the insurance (e.g. endownment) like how to interpret the policy document? thank you

 

[dcloud]

haha. i believe you will need to seek independent advice from your financial planner.

 

[Perisher]

A few links here

http://www.moneysense.gov.sg/Understanding-Financial-Products/Insurance/Types-of-Insurance.aspx
http://blog.moneysmart.sg/life-insu...nsurance-every-singaporean-should-understand/
https://sg.news.yahoo.com/understanding-different-types-insurance-072855310--sector.html

Note that there are different types of insurance doesn't mean one should get one of each type. Typically, avoid ILP.

Also, if you are seeking IFA/FA advice, it's best to consult a few from different companies, compare their pros and cons, and ask them for comparable products. Remember that IFA/FA works for their insurance companies, only you can decide what's best for yourself.

 

[akwl88]

why u want buy endowment?

 

[lchunl001]

thank you for the link.

i had bought some in the past and wish to know more. Besides Financial planner, i wish to get some independent reading.

 

[dcloud]

always good to find out more haha