Alvin Soong’s Blog

CPF board had just changed their rule on CPF Life.
Previously at age 55, if below $40K in RA, then there isn’t a need to be included in CPF Life, even in the future.
Now, if you have $60K when you reached age 65, you are automatically enrol into CPF Life without any OPT-OUT option.

[…]

This chart is to show the cash adequacy of each insurance companies(TMasialife, NTUC INCOME. AIA, Prudential). Please right click to view:
mas-form-23-from-a-few-life-ins-companies-3.pdf

addthis_url = ‘http%3A%2F%2Fwww.skcagency.com%2Fblog%2Funcategorized%2Fcash-adequacy-of-insurance-companies’;
addthis_title = ‘Cash+Adequacy+of+Insurance+companies’;
addthis_pub = ‘’;

This is an article from Straits Times 24th July 2010 that creates awareness for public. Please choose your financial planner wisely.
—————————————
After taking ‘free’ first-year cover, many AXA customers dropped out. INSURER AXA Life is seeing red after one of its distributors offered free insurance cover for the first year as a gimmick to attract customers. […]

A lot of people do not realise that our home loans need to be insured too.Mortgage insurance offers decreasing coverage over the duration of your policy to align itself with your outstanding mortgage loan. Cover can also be extended to cover permanent disability, critical illness and unemployment.
Aviva’s MyProtector Mortgage in some of its schemes, thereby […]

It is important to make a nomination for one’s CPF and be clear how much and whom to split to when one passes away. CPF is an important part of the retirement plans of people here, and there are some confusion arose over the important issue of how CPF savings are distributed when a member […]