Seth’s Blog on Finance

Being Well Insured Means Little if Your Family Isn’t

It’s rare to meet a well-insured Singaporean (given that statistics have shown that the average citizen is severely under-insured), and by extension even more difficult to find a family that is well insured.

For the few well-insured ones: Being well insured alone does not insure against potential financial ruin if financially dependent family members are not insured properly.

In a typical family, all it takes is one uninsured (or under-insured) person and a single unfortunate incident to put the entire family’s finances underwater. Yet, it is common for a family’s decision-makers to overlook or decidedly ignore insurance coverage for the entire family, if they even decide on getting insurance at all.

Read More ↵