Nobody wakes up thinking about insurance. However, a crisis always strikes when you are least prepared. This is why my personal belief is to maintain a comprehensive insurance portfolio as a shield for my wealth. Currently, my coverage spans critical illness, whole-life, permanent disability, term-life, personal accident, death, and endowment policies. As I entered different stages of life, my perspective on insurance evolved. I used to favour whole-life policies and endowments for the cash value they accumulate. Today, my strategy for my insurance portfolio has shifted to include term-life policies and shield plans, which provide much higher and more comprehensive protection when it matters most. I also make it a point to periodically review my insurance portfolio to ensure my personal and family needs are addressed. As we progress through life, our needs inevitably change—which is why regular reviews are essential. Furthermore, insurance regulations in Singapore change from time to time, making...