Strange Marketing

Just a while after I blogged about professionalism in the financial industry, I read about this marketing campaign allegedly started by an insurance company to spread the message of life’s uncertainty (and naturally the accompanying importance of insurance). While the underlying message is rather meaningful if not cliché, the marketing campaign itself was strange to say the least.

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Types of Financial Advisers

People not familiar to the local financial advisory scene may not know about the different types of practitioners available. This is forgivable since such details are not presented well to the public. The thing that I find laughable is that many people in the industry themselves are confused over the types of financial advisers available.

Hence I hope to clear the air regarding the types of financial advisers that one may engage for his or her financial needs.

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Professionalism in the Financial Industry

Chartered Financial Consultant Mr. Wilfred Ling comments on the state of professionalism within the financial industry in Singapore.

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What is Disability Income Insurance?

Disability Income Insurance (DII) is a very specific type of policy with the intended purpose of insuring one’s ability to work. Much like the Aesopian goose, most Singaporeans produce their own “golden eggs” in form of the monthly salaries they receive for working. DII steps in to replace the lost monthly income when a person is unable to work due to accident or illness.

Income replacement is possibly one of the top most priority for working class Singaporeans after a hospitalisation plan, and many insurance policies are sold on this premise. However, as cliché as the proverbial goose analogy is in the world of insurance sales, many agents are not recommending DII policies, pitching life coverage in form of Critical Illness and Total & Permanent Disability as income replacement solutions instead. Let’s take a look at what DII does and why so many Singaporeans are under-insured in this regard.

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