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.
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


Sofan Tan

Consultant (CEP, AEPP®, AWP)

About Sofan Tan

   

| Certified Estate Planner | AEPP®

| Generational Wealth Architect

| 20+ Years in Wealth Management

| All-in-one Solution from Singapore's largest FA  

 

👨‍👩‍👧‍👦 Empowering You To Build Financial Security And A Lasting Legacy  

 

I specialize in business succession, investment planning, legacy planning and multi-generational wealth protection.  

 

Legacy is not a document — it's a DECISION.  

 

👨‍👩‍👧‍👦 Most families spend a lifetime building financial capital, only to lose it in one generation because they neglected DECISION CAPITAL — the engine that actually sustains wealth.  

 

Decision Capital is your family's collective ability to make unified, wise choices under pressure.  

 

If your financial capital doubles but your Decision Capital stays at zero, your wealth becomes a burden, not a blessing. If you have no process for conflict resolution, your estate plan is a ticking time bomb.  

 

As a Generational Wealth Architect™, I help families bridge that gap.  

 

Here's what I've learned from 20+ years watching Asian business empires crumble by generation 3:

It's never the market crash that kills wealth. It's family chaos.  

 

The Vanderbilts had $200 billion. Gone by generation 3, because they lack GOVERNANCE.  

 

💎 My work is built on the TOTAL WEALTH GOVERNANCE model, integrating four capitals:  

 

🌟 GOVERN (CARES™ Wealth Blueprint) — Structural Clarity Before Complexity - governs the family and the system.  

 

✅ Who decides when you can't? Succession frameworks that eliminate ambiguity

✅ Can your heirs articulate your family's purpose? Shared vision is the #1 predictor of generational wealth survival

✅ Protection against creditors, lawsuits, family disputes—not just market volatility

✅ Rising generation readiness through Decision Capital mentoring

✅ Trusts and governance systems that work when families don't  

 

🌟 GUARD (Holistic Wealth Framework) — Four Capitals Integrated - designs the architecture of wealth.  

 

✅ Financial Capital: Assets, investments, tax-efficient structures

✅ Human Capital: Skills, health, values, next-gen readiness

✅ Social Capital: Relationships, reputation, philanthropy

✅ Decision Capital: Frameworks, governance, decision architecture  

 

🌟 GROW (PASS Investment Framework) — Disciplined Stewardship governs investment decisions.  

 

✅ Preserve Capital. Protect Profit. Systematic rebalancing at 10% drift trigger.

✅ No speculation, just battle-tested strategy.

 

🎯 You'll get:  

 

✅ CLARITY ⇒ from tailored strategies — wealth growth, protection, and preservation aligned to your objectives.

✅ PROTECTION ⇒ from unexpected risks — liabilities, life events and market volatility — so you can focus on what matters most.

✅ PEACE OF MIND ⇒ from understanding hidden risks — blind spots and portfolio vulnerabilities — so you can protect what you’ve built, and what’s still to come.

 

Real Results:  

 

✅ Client doubled ROI over 5 years while cutting risk 40% through systematic rebalancing.

✅ Indonesian landowner: $500K trapped for 20 years now generates lifetime income plus charitable impact.  

 

🎯 My vision: I believe wealth should empower family values and create lasting legacies

 

💎 My Philosophy: Values first. Financial plan last.

 

If your family is ready to move from accidental wealth to architected legacy, let's talk.

 
➡️ Reach me at 📧 sofantan@fapl.sg for a strategy conversation, or DM 'GOVERNANCE' if you prefer LinkedIn.

 

➡️  www.linkedin.com/in/sofantan-cep




#ChooseQuality with Sofan Tan

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