In life, disaster often strikes when you least expect it. Of course, no one is ever prepared for a disaster but having life insurance coverage would help to put your mind at ease that your financial losses are mitigated.
During the National Day week, my family bought two life insurance policies. One was NTUC Income Limited Pay Revosave and the other was AIA Triple Critical Cover. The decision to strengthen my family’s protection and savings arose after a strategic life insurance review with my wife.
As a finance blogger, I always advocate my readers to do annual review on their life insurance coverage. This is because family situations often change, so the most prudent approach is to do timely review to ensure that the interests of your family are well-taken care of.
In 2016, I wrote that I upgraded my family health insurance to private ward class and …