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
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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.
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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


Moonie Tan 陈玟霓

Financial Advisory Manager

About Moonie Tan 陈玟霓

I am an accomplished financial services professional since 2020. From my humble beginnings in Batu Pahat, Johor, Malaysia, as the youngest of 10 siblings, to achieving financial freedom at the age of 30, my journey is an inspiring testament to resilience, adaptability, and strategic wealth management.

At just 7 years old, I was sent to Singapore to pursue my education. Growing up, I frequently moved houses, which sparked my lifelong aspiration to own a home. By the age of 22, I had already purchased my first property. Today, I reside in a landed freehold property in Singapore’s District 15 and owns multiple condominiums in Johor Bahru, Malaysia.

My career began in 1998 as a Singapore Airlines stewardess. At 25, I married a businessman and embraced family life while navigating my path to financial independence. My passion for financial literacy led me to the financial advisory industry, where I made a successful mid-career switch just. I quickly established myself as a high-achieving financial planner, earning multiple accolades, including 3 MDRT (Million Dollar Round Table) qualifications and 2nd runner-up in the last company as Top Rookie 2021.

A dedicated mother of four, I seamlessly balances career and family. I firmly believe that financial planning should empower individuals to achieve both wealth and a fulfilling personal life. Whether mentoring mid-career switchers or helping high-net-worth clients manage their assets, I remain committed to wealth accumulation, preservation, distribution, and legacy creation.

With my extensive experience, strategic mindset, and heart for financial education, I continue to transform lives by advocating financial literacy and providing effective financial solutions.




#ChooseQuality with Moonie Tan 陈玟霓

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