A Reader has recently submitted these following questions (some of these have been edited for the purpose of this blog post) about the Dependants’ Protection Scheme and Eldershield: a) what happened to my Dependent Protection Scheme as I do not remember opting out b) how do I reinstate my Dependent Protection Scheme c) I would […]
Are You Sure You Are Still Covered Under DPS?
It was two days ago that I received an email comment on one of my earlier posts on the topic of Dependants’ Protection Scheme (DPS) and in it I was asked to provide some advice on why a passed-on family member may not be covered by DPS when it’s obvious that there’s enough CPF money in […]
It’s The Time Of The Year – Month For Holiday, Spending & Bonus
Yeah! It’s the time of the year where people have already planned (and went) their holidays, made out a long list of items to buy (to pamper themselves or just anybody in mind) and collecting their well deserved bonus! And in the usual Financial Planning sense – if you are one of those who are fond of spending away your […]
Should You Keep Your Dependent Protection Scheme (DPS)?
This month is one of the few times in the year whereby some PolicyHolders get the letter from our company to notify that their Dependent Protection Scheme or DPS is due for renewal and that they should make sure that their CPF-Ordinary and/or Special account still has sufficient fund to pay for the premiums. The […]
Total and Permanent Disability And That Plan Called ElderShield
When you buy any life insurance plan, the basic benefits are that you are covered against Death and Total and Permanent Disability. So do you what does this insurance term – Total and Permanent Disability – mean to you? The General Definition of Total And Permanent Disability (TPD) It would practically mean that the loss […]
Do You Want To Know What’s Your Money Worth in Twenty Years Time?
If you have $5,000 today, do you want to know how much will this money have grown in 20 years time if you save in a Bank? One of the tools, that I have commonly used to illustrate the Power of Compounding Effects, is one that our CPF Board has provided. You can access this […]