Career

Prepare a Backup Plan for Your Children.

Congratulations! As a parent, you’ve signed up for at least eighteen years of chores, worrying, and bills.

Plus, you’re likely to get more financially stretched from here on. Especially if your spouse is taking a break from work to take care of the kids.

So you really need to safeguard your family (and your peace of mind) against any financial shocks e.g. unexpected death of the breadwinner due to an illness or accident. But stay calm. We can help.


Insurance you need:
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Medical Insurance
You want to give your family the best. Having medical insurance allows you to choose the best medical treatment for them. You can even enrol your 15-day-old baby for one with Fi Life.
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Term Life Insurance
Treat getting life insurance for you and your spouse as another chore you have to do as parents. Luckily with Fi Life, it’s easy, quick, and affordable.
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Critical Illness Insurance (optional)
Have a family history of critical illness? Approaching your 40s? Consider getting insured against 39 critical illnesses including cancer.

P.s. And specially for mums-to-be, find out from your hospital if they have any special insurance against unexpected complications e.g. premature babies that might require an extended stay in hospital.


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FINANCIAL WELLNESS TIP

Good to start saving for your children’s education now. Whilst insurance can protect against calamities, only you can build the funds necessary for their education. Invest in unit trusts or robo-adviser funds, preferably an equity-based one if your time horizon for needing the funds is more than 5 years. If you are not sure about how to invest, consult a licensed financial planner (and don’t buy an investment-linked insurance plan, it’s very expensive).