Book of Wise Investors

When it comes to financial planning and investing, the first thing is wealth protection. Other than medical insurance for citizens and permanent residents of countries without universal health care, one other type of insurance that is essential for almost everyone but not everyone is life insurance.

Most will probably knows what it is, a life insurance insure against accidental death, total permanent disability and some common critical illnesses.

Although there are many types of life insurance, the protection part being offered by them is about the same, that is pay a sum…

There are many financial consultants, financial planners and insurance agents around recommending this and that financial products for you to buy. Sometimes, it can get confusing on the type, amount of coverage and how much premiums per year, coupled with many fine prints and conditions for claiming payouts should a need arises.

Each insurance type provides protection for different unfortunate events. The first thing is to learn what are all the unfortunate events that can befall on most average people so as to determine type of insurance to buy for an average person.

Before insurance companies introduce a product that…

Disability insurance is a type of insurance that provides financial protection in the form of regular cash income that is lost by employees when they lost their job as a result of accident and illness.

As with other types of insurance, there are so many terminologies and things to take note that it can even confuses a first class honors.

Below is a summary of all specific items to take note of for disability insurance.

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1. Waiting/elimination period

You don’t get the monetary benefits the next day after becoming disabled, The waiting period can…

Medical insurance, otherwise known as health insurance, is designed to cover medical expenses during your stay in hospital. Given the high medical costs nowadays (at least in Singapore and United States) and rate of medical inflation going on, it is essential that everyone of us including your dependents such as aging parents, children and spouse is adequately covered by a comprehensive health insurance plan. If not, can easily bankrupt by a major illness from either you yourself or your dependents.

A comprehensive health insurance plan is one in which most of the hospitalization expenses are paid off by the

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This article will mention about all the insurance types that an average person needs.

The type of insurance policy means that what unfortunate events are covered by that policy. Unfortunate events that happen to you or your dependents that will result in financial compensations from the insurer.

As a result, the following insurance types and the corresponding unfortunate events that they covered are summarized below so that as you begin your adult life or has already been an adult for decades, can use the list as a guidelines in deciding what insurance types to purchase first.

How to decide on…

An inevitable part of modern life is that one needs to sit down, think through and plan insurances purchases. This is by no means an easy task and may require the assistance of a certified financial planner. But nevertheless, one of the beliefs behind this website is that of equipping readers with the necessary knowledge, mindset and decisions making guidelines for wise decisions regarding the planning of each individual’s financial affairs.

An individual’s present life stage and needs will determine whether the policies are providing benefits or unnecessary costs.

For example, if you are single and have no dependents, why…

I believe that when it comes to insurance, most of us are almost totally clueless and seeks the advices of a professional financial adviser. But the motto here and what I believe is good for each one of us is to educate ourselves thoroughly and exercise critical thinking as and when it is necessary.

Because no one really cares about you other than you yourself.

Despite weighting off the plus and minus of whole life and term insurance, consumers find it difficult to buy term insurance even though it is more suitable for some, especially if you are…

Abraham religions used to teach us that life start at conception while some other religions say that life start at birth.

Now insurance agents and financial planners are trying to preach us that life starts at 60 years old.

Their arguments are that save now, buy insurance, and invest in unit trusts. In other words, make your money work harder so that you can still enjoy present lifestyle after being forced to retire by your employers.

People are being instilled in their minds from as early as childhood, the need to plan for retirement.

As a result, we are lead…