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Aviva MyShield Moratorium Underwriting

Aviva’s MyShield is currently the only Medisave-approved integrated Medishield policy of the 5 offered in the market to offer Moratorium Underwriting alongside the more traditional Full Medical Underwriting option. Full Medical Underwriting requires the applicant to fully disclose material facts of his medial history and conditions. The insurer will then decide whether to exclude declared pre-existing conditions or even decline the application.

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The Financial Planning Process

Financial planning is a process where an adviser assists his client in areas such as cash flow management, investment planning, risk management, insurance planning, estate planning etc. Depending on the individual needs and complexity of one’s portfolio, financial planning can be quite a big project.

It is important for a systematic approach to be adopted in order to structure the process to ensure that it is productive, as well as to develop a plan that is suitable, relevant and useful to the client.

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NTUC Income VivoCare – Early Stage Critical Illness Whole Life Policy

I attended NTUC Income’s event this morning for the launch of VivoCare, a whole life policy that primarily focuses on providing early stage critical illness cover.

Traditional critical illness policies typically define critical illnesses as “late stage” conditions. For instance, a payout will be made only if both kidneys have failed. Under an “early payout” policy, the surgical removal of a single kidney can be admitted for a claim.

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Case Study on How Insurance Would Have Helped Unfortunate Man

I read in the papers about a very unfortunate case about a man who accidentally slipped and fell on a walkway wet from rainy weather, causing him to be paralysed from the neck down.

He is now suing the town council for negligence and seeking compensation for medical expenses, loss of earnings, transport costs as well as pain and suffering.

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