In recent years, the “Buy Term Invest the Rest (BTIR)” strategy has been the mantra of many financial advisors and insurance agents. But why is the BTIR strategy gaining traction in Singapore? Simply put, it is an alternative to regular insurance plans in Singapore where you purchase insurance at lower premiums and use the difference to invest instead. In this article, we get down to the nitty-gritty of BTIR so that you can decide if it is right for you. From the definition of BTIR to the pros and cons of this strategy, here’s all you need to know. What “Buy Term Invest the Rest” Means Before we dive right into the details of a BTIR strategy, it is paramount to understand the distinction between term life and whole life insurance in Singapore. It is because the BTIR strategy is an extension of these two types of life insurance plans....