Insurance is not something that many Singaporeans like to talk about. In fact, it is not uncommon for people to avoid insurance agents in shopping centres or to ignore their phone calls. More often than not, this negative attitude stems from a lack of understanding that insurance is a crucial part of a sound financial plan. When people talk about financial planning, the primary focus is almost always about saving money and cutting back on unnecessary expenses to accumulate even more wealth. Sadly, not enough attention is given to protecting those properties—and oneself— in case of unfortunate events. If you are one of those who believe that saving money is enough for now and getting insurance can wait, you are mistaken. Insurance should be high on your priority list for the following reasons:...