Protecting your income against Disability
By Akhiat  •  July 19, 2008
By: Adrian Khiat What is a Disability Income Insurance Plan? * A disability Income insurance plan is meant to cover loss of income in the event of any illness or accident when the insured is unable to perform his/her material duties for a continuous period defined by the insurer.(Generally 60, 90 or 180 days) * The insured will receive a monthly payout if he/she becomes totally disabled or will get a partial benefit if is able to work but at a reduced capacity that leads to a reduction of pre-disability income. The partial benefit depends on the formula used by the insurer. My research findings * Only 2-3% of Singaporeans are covered with a Disability Income Insurance * Singaporeans are grossly under-insured in this area of Disability Income Protection. LIA survey shows that average monthly household expenditure is around $3,400/mth. Read more...
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By Akhiat
Adrian entered the Financial Advisory Industry in Feb'03 after years in the Shipping and Logistics Arena. He joined the industry with a strong belief that the public need better advice in their financial plan. "It is a big challenge to me till today because I am not a natural Sales Person. However I want to remove public's perception that Financial Adviser are all Salespeople. It is a professional job that deserve more respect. I want to impart my methodology, skills and knowledge to help you improve your Financial Health and to share health tips to improve your Physical Health."

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