According to a 2016 survey by Prudential, 70% of Singaporeans are underinsured.

Many do not know the required amount of insurance needed and have an insufficient amount of coverage. Or, some may be purchasing overlapping plans, thinking that more is better. To take charge of your personal financial security, here are 5 questions for your financial advisor when you are considering to take up an insurance plan:

1. How Well Am I Currently Covered?

This is a question that may be missed by some, either because they believe that their current insurance is sufficient, or because they …