Secure Your Future: Close Your Insurance Protection Gap Today

Are you adequately protected against life’s uncertainties?


 
Did You Know?

Singaporeans Face a $952 Billion Protection Gap


The latest Protection Gap Study 2022 by the Life Insurance Association Singapore (LIA) revealed that there remains a 21% mortality protection gap and a staggering 74% critical illness (CI) protection gap among economically active individuals in Singapore1.



$373 billion In total mortality protection gap
$579 billion In total critical illness protection gap



Find Out How to Close Your Protection Gap Today
Illustration

Why You Need to Act Now

  • Life Expectancy is Rising: Singaporeans are living longer, but extended lifespans mean more years of health-related expenses. Have you factored this into your current coverage? Not doing so could erode years of savings and derail even the most carefully laid retirement plans.

  • Critical Illnesses are Expensive: Did you know that on average, patients struck with a critical illness take around 3 to 5 years to recover and return to being economically productive? This leaves many families under-prepared for long recovery periods and lead to degradation in standard of living.

  • Peace of Mind for You and Your Loved Ones: Ensuring you are fully protected with life and critical illness insurance isn’t just about safeguarding yourself—it’s about giving your family financial security if the unexpected happens.

What Are the Essential Insurance Coverage Recommended for Working Adults?


According to the Monetary Authority of Singapore’s Basic Financial Planning Guide2, here are the basic rules of thumb for protection that you can consider.

Whole/
Term Life Insurance

  • Provides financial support to your loved ones in case of premature death, helping them cover ongoing lifestyle expenses.
  • The coverage amount recommended is at least 9 times your annual income.
Learn More

Critical Illness Insurance

  • Covers major medical costs and offers a lump sum payout to ease the financial burden of long-term recovery.
  • The coverage amount recommended is at least 4 times your annual income.
Learn More


For example, someone with the median monthly income of $5,197 should be covered for death & total permanent disability to the tune of at least $561,276. This person should also be insured against critical illness for at least $249,456.

Take Control of Your Future Today

To help you bridge your protection gap, Financial Alliance has partnered with our insurance partners to offer exclusive insurance bundles designed for young adults like you.

Our comprehensive solutions include both Life Insurance and Critical Illness Protection, offering you the best of both worlds.

For a limited time, these bundles come with attractive discounts, cashback rewards and other perks for customers. Terms and conditions apply.

Schedule a Consultation

Footnotes

[1] Source: Protection Gap Study 2022 by Life Insurance Association of Singapore

[2] Source: Basic Financial Planning Guide by the Monetary Authority of Singapore

Note: Insurance plays an important role in your financial planning, and buying an insurance product is a long-term commitment. You should seek financial advice from your trusted financial adviser representative before purchasing any policies.

Frequently Asked Questions on Term Life Insurance

Term insurance is life insurance that provides insurance coverage only for a fixed period of time. An example of term insurance is the Dependants' Protection Scheme.

Riders can be attached to enhance the benefits provided by the policy. As this may vary from product to product, check with your insurance company for more details.

Need Advice?

Meet Your #ChooseQuality
Financial Adviser Representative


JOAN FANG 方琦琼

SENIOR FINANCIAL ADVISORY MANAGER

About JOAN FANG 方琦琼

40岁的你，是否也曾在某个深夜问自己：未来几十年，我能不能安心生活，优雅老去？

为家庭拼过，为责任扛过，走到这一站才发现：中年人最大的底气，是拥有“确定的未来”。

* 当收入放缓，你是否有一份伴随终生、不离不弃的现金流？

* 当意外突袭，你是否有足够厚实的屏障，守住身后的家人？

* 当责任卸下，你是否有说走就走的自由，去过真正想要的生活？

深耕行业10年，我做的从来不只是保险，而是陪你把未来想清楚，把余生安排好。

让退休不只是“凑合过”，而是有尊严的“享生活”；
让财富不只是“会花完”，而是可以领一辈子；
让人生下半场满是选择，而不是身不由己的妥协。

我始终相信，人生最好的状态，是某天你可以笃定地说：我准备好了。

如果你也正处在40+的节点，来找我聊聊。
我们一起把未来规划清楚，体面地生活，优雅地变老。

At 40, have you ever found yourself asking late at night:
In the decades ahead, will I be able to live with peace of mind and grow old with grace?

After striving for your family and carrying your responsibilities, you arrive at this stage and realise:
The greatest confidence in midlife comes from having a certain future.

When your income slows, do you have a lifelong stream of cash flow that stays with you?
When unexpected risks strike, do you have a strong enough shield to protect your loved ones?
When your responsibilities are lifted, do you have the freedom to go where you want and live the life you truly desire?
With 10 years of deep experience in the industry, what I offer goes far beyond insurance.
I help you think through your future and plan the rest of your life with clarity and confidence.

So that retirement is not about “getting by,” but about living with dignity and enjoyment;
So that wealth is not something that simply runs out, but something that can support you for life;
So that the second half of your life is full of choices, not compromises beyond your control.

I’ve always believed that one of the best states in life is being able to say with certainty:
“I’m ready.”

If you’re also at the 40+ stage, let’s have a conversation.
Together, we can plan your future clearly—so you can live with dignity and age with grace.




#ChooseQuality with JOAN FANG 方琦琼

An in-depth insurance portfolio review with JOAN FANG 方琦琼 could save you money as you spend less for the same coverage, or allow you to be better protected without spending a cent more.