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aia – latest singapore nationwide protection survey
By Patrick Lim  •  July 22, 2011

in a latest aia singapore nationwide protection survey conducted by the nielsen company in june 2011, the key findings are not surprising (at least to me) and looks pretty consistent with many other surveys conducted previously by other companies.

the survery polled 1,013 singaporeans and permanent residents aged between 20 to 60 years old.

some of the key findings:

a. close to 6 in 10 singaporeans believe they have done well to prepare
for their dependents' financial protection needs, the reality is that
fewer than 2 in 10 actually have done so.

b. 1 in 5 who do not own life insurance do not see the need for it....
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By Patrick Lim
Patrick is an Associate Director with Promiseland. He has more than 20 years of personal investment experience both in stock and shares and unit trusts. In his early years as an investor, he got burnt really bad in the infamous 1987 crash and again during the clob incident. With 2 decades of so-called battle scars behind him, the last few years (since 2003) have been good to him especially with his single country funds doing exceptionally well. On his investing style, he is both a technical analyst and fundamentalist. Patrick view wealth accumulation as part and parcel of the wealth management process but only if one has already executed his/her wealth protection planning on an on-going basis.
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