Archive

Seth

Using Effect of Deductions to Measure Insurance Policies

November 3, 2011 by Seth
“Effect of Deductions” is a column found in insurance policies with cash values. What exactly is “Effect of Deductions”? It can be summed up in an equation: Value of Premium Paid – Total Cash Value = Effect of Deductions   Both “Value of Premium Paid” and “Total Cash Value” will be calculated based on a [...]

in Categories: Insurance

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TM Legacy Plus Enhancements

October 13, 2011 by Seth
That was quick – mere weeks after Aviva launched its whole life policy, Tokio Marine has announced enhancements to its flagship policy – TM Legacy Plus. The biggest enhancement would probably be the upgrade in the Minimum Benefit, or Minimum Protection Value, which I have touched on before. The MB factor used to be 2.5 [...]

in Categories: Insurance

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Unhealthy People and Insurance

October 13, 2011 by Seth
I am in what I call “Underwriting Hell”. Underwriting in the context of insurance refers to the process where insurers assess the risk of an individual applying to take up insurance cover by looking at his medical history and health condition. Unhealthy people will naturally complicate the process, leading to a lot of added paperwork, [...]

in Categories: Insurance

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Apple Co-Founder Steve Jobs Passes Away

October 7, 2011 by Seth
Co-founder of Apple Inc, maker of the iconic Mac computers, iPod, iPhone and iPad, Steve Jobs has passed away. Beyond being the person who shaped the devices that I avidly use for everything from leisure to facilitating my work processes as a financial adviser, Steve Jobs was someone whose actions and life story greatly inspire [...]

in Categories: Investing

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CPF SMRA Minimum 4% Interest Extended to 31 Dec 2012

October 4, 2011 by Seth
The government has decided to further extend the minimum 4% p.a. interest on Special, Medisave & Retirement Account (SMRA) until 31 Dec 2012. Money in SMRA which forms the first $60,000 of a CPF member’s combined balances will continue to earn 5% p.a. I have met quite a few clients who were previously encouraged by [...]

in Categories: Uncategorized

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Minimum Protection Value: MyLifeChoice vs TM Legacy Plus vs VivoLife

October 3, 2011 by Seth
While whole life policies can be a relatively pricey way to obtain insurance coverage, there are some people who may be more inclined towards such policies. I will always point out the alternative strategy of buying term and investing the rest, highlighting the pros and cons of both strategies. A small allocation to a whole [...]

in Categories: Insurance

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What is ElderShield?

September 30, 2011 by Seth
ElderShield is a Long-Term Care insurance scheme that Singaporeans are enrolled in on an opt-out basis when they reach the age of 40 years old. It is designed to provide a monthly payout to the insured upon severe disability typically associated with old age (hence the name). Similar to MediShield, the premiums are payable by [...]

in Categories: Insurance

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Can You Afford It? How Mental Accounting Affects Proper Judgment

September 26, 2011 by Seth
Most people, if not everyone, use mental accounting on a daily basis when it comes to financial decisions. A common example would be the way a person more readily spends his year-end bonus. Take one more example: If you were going to spend $100 on an item and realised there was a cheaper source 15 [...]

in Categories: Personal Finance

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Aviva New Whole Life Policy – MyLifeChoice

September 21, 2011 by Seth
Aviva is introducing MyLifeChoice, a new participating whole life insurance policy that features a Minimum Protection Value (MPV) and Guaranteed Extra Protection (GEP) option amongst other new features. Aviva MyLifeChoice replaces IdealLiving, Aviva’s previous whole life offering, and marks the extinction of guaranteed premium rates for critical illness coverage in the market. MPV has been [...]

in Categories: Insurance

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Online Seminar on Techniques to Predict Future Investment Returns

September 19, 2011 by Seth
There will be an online seminar conducted this Saturday, 24th September 2011 at 10:00AM regarding Techniques to Predict Future Investment Returns There are many techniques used to forecast the future. Forecasting the future in investment is called ‘capital markets expectations’. Without formulating an expectation of the future, it is not possible even to plan for [...]

in Categories: Investing

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The Blind Leading the Blind

September 18, 2011 by Seth
In the financial services industry, it is very common to see the blind leading the blind. No offence to the visually handicapped; I am referring to people without adequate financial knowledge providing financial advice to equally clueless individuals. It is very common for managers in the industry to have very little to no professional qualifications [...]

in Categories: Personal Finance

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Aviva MyShield Moratorium Underwriting

September 14, 2011 by Seth
Aviva’s MyShield is currently the only Medisave-approved integrated Medishield policy of the 5 offered in the market to offer Moratorium Underwriting alongside the more traditional Full Medical Underwriting option. Full Medical Underwriting requires the applicant to fully disclose material facts of his medial history and conditions. The insurer will then decide whether to exclude declared [...]

in Categories: Insurance

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Problem Creators and Problem Solvers

September 10, 2011 by Seth
I think most people will agree with me when I say that we ought to be vilifying problem creators and rewarding problem solvers. For example, society seeks to punish criminials, and hires policemen to protect society from criminal acts. Is this the case for the financial planning industry? Product pushers earn handsomely for selling profitable [...]

in Categories: Business

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Online Seminar on Financial Planning for Persons with Special Needs

September 6, 2011 by Seth
There will be an online seminar conducted this Saturday, 10th September 2011 at 10:00AM regarding financial planning for Persons with Special Needs (PSNs). PSNs are individuals who suffer from some forms of disabilities such as Down’s Syndrome, Autism, etc. PSNs’ prospects in securing or advancing in education, employment and recreation could be substantially reduced as [...]

in Categories: Personal Finance

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Online Seminar on Financial Planning for Persons with Special Needs

September 6, 2011 by Seth
There will be an online seminar conducted this Saturday, 10th September 2011 at 10:00AM regarding financial planning for Persons with Special Needs (PSNs). PSNs are individuals who suffer from some forms of disabilities such as Down’s Syndrome, Autism, etc. PSNs’ prospects in securing or advancing in education, employment and recreation could be substantially reduced as [...]

in Categories: Uncategorized

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The Financial Planning Process

September 4, 2011 by Seth
Financial planning is a process where an adviser assists his client in areas such as cash flow management, investment planning, risk management, insurance planning, estate planning etc. Depending on the individual needs and complexity of one’s portfolio, financial planning can be quite a big project. It is important for a systematic approach to be adopted [...]

in Categories: Personal Finance

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The Financial Planning Process

September 4, 2011 by Seth
Financial planning is a process where an adviser assists his client in areas such as cash flow management, investment planning, risk management, insurance planning, estate planning etc. Depending on the individual needs and complexity of one’s portfolio, financial planning can be quite a big project. It is important for a systematic approach to be adopted [...]

in Categories: Uncategorized

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Reflections

August 31, 2011 by Seth
Two-thirds of the year is coming to a close and it has been quite a busy year so far with new experiences. Have been meaning to write a new entry for the past few days, but my schedule of late has been quite hectic with quite a lot of things to do. There has been [...]

in Categories: Personal Development

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