Benjamin Cher

All about critical illness plans that allow you to claim again and again, and why they’re important in your portfolio

I recently saw this ad by Manulife Singapore which I thought was pretty well done 😂 (Disclaimer: The content is this article may not be directly related to the product marketed in the mentioned ad. I just found the video quite entertaining.) Because of the recent changes to the LIA’s critical illness (CI) definitions, I’veContinue reading “All about critical illness plans that allow you to claim again and again, and why they’re important in your portfolio”

If you don’t have enough money now, you won’t have enough money later

What do you mean I won’t have enough money later? I will, once my pay comes in and I settle everything I need to settle, pay for everything I need to pay for… *yadda yadda* Give me a chance to explain this, please 🙏🏼 I had lunch with a friend a couple of weeks back,Continue reading “If you don’t have enough money now, you won’t have enough money later”

The government already subsidises my hospitalisation bills. Why do I need ‘private’ health insurance?

First up, you’re right. The government does subsidise your hospitalisation bills, to quite an extent. Every Singapore Citizen and PR is eligible for MediShield Life, which is a basic health insurance plan administered by CPF. This plan helps pay for large hospital bills and certain outpatient treatments like dialysis and chemotherapy. In that case, whyContinue reading “The government already subsidises my hospitalisation bills. Why do I need ‘private’ health insurance?”

This concept I learnt at the Million Dollar Round Table may change your life

Some of you may know that I qualified for my first MDRT last year. Wait ah, what is MDRT? No I didn’t earn a million dollars. The Million Dollar Round Table (MDRT) is an international trade association formed in 1927 to help insurance brokers and financial advisors establish best business practices and develop ethical andContinue reading “This concept I learnt at the Million Dollar Round Table may change your life”

Key changes to the LIA’s CI definitions and why they are NOT all ‘stricter’

I’m sure many of you have read/heard about the changes to the critical illness (CI) definitions outlined by the Life Insurance Association (LIA) Singapore. A handful of you would also have heard, perhaps from friends or other advisors, that the new definitions would be ‘harder to claim’. I, for one, had several of my clientsContinue reading “Key changes to the LIA’s CI definitions and why they are NOT all ‘stricter’”

This is what financial planning actually is (and it’s not all about savings and investments)

I ran a poll on my Instagram story a couple of days ago and it seems that one common problem that many fresh graduates face with regards to financial planning is that they aren’t sure of what they can actually do, aside from saving/investing. Contrary to popular belief, my job as a financial consultant isn’tContinue reading “This is what financial planning actually is (and it’s not all about savings and investments)”

Why I’m super grateful that my parents set aside an education fund for me

Last weekend I went back to campus to collect my degree certificate. We couldn’t have a proper convocation ceremony this year due to COVID, so the university decided to postpone it till January next year. I’m crossing my fingers and hoping it happens 🤞🏼. I was chatting with my mum over breakfast this morning andContinue reading “Why I’m super grateful that my parents set aside an education fund for me”

Here’s why whole life insurance still makes sense, explained with Big Macs

So recently I’ve heard many conversations about the pros and cons of whole life versus term life and I thought I’d write an article to share my thoughts about it. This may be a little technical, but for those of you who are new to the world of life insurance, fret not! I’ll try myContinue reading “Here’s why whole life insurance still makes sense, explained with Big Macs”

3 tips on financial planning that you don’t actually need me for

For all you who are working/studying, chin up! It’s Friday! First up, I’m excited to share some updates! So I qualified for my first Million Dollar Round Table (MDRT) last year and ‘received’ my award at my company’s first ever virtual (because of COVID-19) Awards Night last night. In other news, I also won theContinue reading “3 tips on financial planning that you don’t actually need me for”

This lady who condemned insurance all her life came to me, wanting to buy insurance

Short article today! So sometime last year, one of my clients dropped me a text out of the blue. “Eh, my mum wants to buy insurance from you.” Under normal circumstances, this wouldn’t have come as a surprise. But this time it did, because I knew, through earlier conversations with my client, that her motherContinue reading “This lady who condemned insurance all her life came to me, wanting to buy insurance”