What do you do when your parents do not have insurance? The rising medical cost is unnerving and really gets to me. Are there any other ways that i can do to prepare? Should I pay the premium for the insurance?
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As a young adult, what should i focus more on when budgeting?
Savings, Investments, Insurance, Expenses, etc etc. What is the optimal weightage i should be looking at?0 5
All about Insurance
We took on the challenge of breaking down and simplifying different types of insurance for newbies in September, and have consolidated the useful information here in this unit.
Reviewing your health insurance
Don't know what you should be thinking about when it comes to health insurance? Here' s handy guide on the concrete steps you can take to do just that! #growwiththeburrow
Types of Health Insurance
“One can die, but cannot fall sick.” True or false? We all know of someone or heard of a friend of a friend, whose entire life savings got wiped out due to medical expenses. Yes, that escalated quickly.
As you gain financial independence and freedom, it is important to remember to ensure that you protect what you’ve built by safeguarding against the unknowns of illnesses and accidents. The last thing you or your loved ones need is to feel even more stressed out about money matters.
Here’s a first look at helping you understand what types of health insurance there are out there. #growwiththeburrow
Different types of Insurance Policies
Insurance ☂️ We know the importance of it, but when you’re faced with the various types of insurance from life, health, to even general insurance (fun fact: did you know you can get protection for your insurance? 😁)—it can be challenging to decide what you really need to take up!
P/S: everyone has different opinions, so we would like to hear from you! — feeling safe.0 0
Which life insurance is more suitable for me?
What do you need to consider before making the insurance purchase? Follow our decision tree to find out! #growwiththeburrow
1. Know what basic national health insurance cover you have, before purchasing additional plans
2. Determine your personal needs for coverage & objectives for purchase – is protection your only concern or are you looking for an instrument for both protection & savings?
3. Consider your life stage as well – do you have dependents to take care of or are you the sole breadwinner of your family?
Life Insurance: Whole Life or Term?
Here's how we understand it: Term Life is Iike subscribing to Netflix. As long as you are paying for it, you will enjoy the benefits. Whole Life is like a buying a house. Once you fully pay off the cost, you will own the asset for a lifetime.
Read our infographic below to learn more about each plan! Lifeinsurance_lifeinsurance.jpg0 0
Understanding Participating & Non-participating Policy
Here’s a quick look at the differences between Participating and Non-Participating Policies of endowment plans!
Have a question behind what your policy terms mean? This nifty article might help you out: <bit.ly/2JKOg3T>
Protecting your wealth as well!
How do you make your money work harder for you while still remaining protected? The infographic below shows you other types of life insurance that provides you with protection and helps you grow your money. Go on, tap on it to learn more! #growwiththeburrow!