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


Will Liu Fei

Financial Consultant

About Will Liu Fei

It is a great honor to welcome you to my personal webpage.
I am Will Liu Fei. After graduating from Huazhong University of Science and Technology (HUST) in 2005, I moved to Singapore to pursue my career, spending over a decade working as an Account Manager in the IT industry.

Throughout my professional journey, I have grown not only in technical expertise and performance but also developed a keen interest in personal finance. I dedicated my spare time to studying and earned a Master’s degree in Applied Economics from Singapore Management University (SMU). During my studies at SMU, my two lovely daughters were born; their arrival brought me immense happiness and deepened my understanding of the importance of family financial planning. Armed with this theoretical knowledge, I applied these principles to my own life, successfully achieving milestones such as home and car ownership and steady financial growth, while my daughters gained admission to prestigious secondary schools in Singapore.

I sincerely hope to use my knowledge to help others achieve financial peace-of-mind. Consequently, I transitioned into the financial planning industry, making it my new professional mission to help clients plan for a secure future. Since entering the field, I have continued to learn and grow, combining my years of experience in the software industry and data analysis skills to create tailored financial plans. My goal is to help clients effectively diversify risk and find greater peace of mind amidst uncertain times.

Whether you are a young professional just starting out or an accomplished entrepreneur, I aim to be your trusted financial partner in Singapore. Leveraging partnerships with over 150 financial institutions, I carefully select the financial solutions that best align with your specific needs.

Please feel free to contact me; let us work together to build a solid foundation for your financial future.

If we haven't connected yet, please add me on WeChat (ID: "Will_Liu") or WhatsApp (96670185) to get in touch!

非常荣幸，欢迎您来到刘飞的个人网页。
我是Will Liu Fei。2005年从华中科技大学（HUST）毕业后，我来到新加坡发展，先后在IT行业担任大客户经理超过十年。

经历多年的职场历练后，我不仅在技术和业绩上不断成长，也在工作之余逐渐对理财产生了浓厚兴趣。利用业余时间，我刻苦钻研相关知识，并在新加坡管理大学（SMU)获得了实用经济学硕士学位（Applied Economics）。在SMU深造的那段时间里，我两个可爱的女儿先后出生，她们的到来让我倍感幸福、也更加深刻的体会到家庭财务规划的重要性。在获得理论知识的支持后，我在个人生活中坚持实践，逐步实现了有车有房，稳定成长的小目标；女儿们也都顺利考入了新加坡的知名中学。

我真诚希望能凭借所学，帮助更多人实现财务安心。因此，我选择投身金融理财行业，把帮助客户规划稳健的未来作为自己新的职业目标。入行以来，我不断学习与成长，结合自己在软件行业多年积累的经验与数据分析能力，为客户量身定制财务规划方案，帮助他们有效分散风险，让生活在不确定的时代中能够多一份安心。

无论您是刚踏入职场的年轻人，还是事业有成的企业家，我都希望成为您在新加坡值得信赖与依靠的理财伙伴。凭借超过150家金融机构的合作资源，我将为您精挑细选，找到最契合您需求的理财方案。

欢迎随时与我联系，让我们一起为您的财务未来打造更稳固的基础。

如果您还没有跟我取得联系，请添加微信(Wechat)“Will_Liu”或点击这里联系我！




#ChooseQuality with Will Liu Fei

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