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Life Insurance: The Basics in 3 Steps

Getting a Life Insurance?

Maybe you’ve reached a point in your life when you want to start feeling more secure and be more responsible. Perhaps you’re getting married, having kids or have parents to care for – loved ones that you want to protect, even if you’re no longer around. Choosing a life insurance can be tricky, but it shouldn’t be – that’s why we’ve shortlisted 3 key recommendations that will help you navigate the sea of information and be your own captain!

Step 1 – Who do I ask or speak to?

Your parents? Friends? Colleagues? It’s always good to ask around and get different opinions for you to compare. If you ask the right person who have gone through this process, it might even save you time and provide valuable insights that you can use later on when making a decision.

Some of us prefer to do our own research. After all, who knows our needs better than ourselves? In this day and age, Google can get us so much information. Many insurers, like FWD, or platforms, like InsureDIY make insurance simple and easy to understand so you don’t have to dig through fine prints and jargons to know which product meet your needs. When in doubt, insurers are just a call away – so get in touch to learn more.

Step 2 – How do I choose?

It’s good to shortlist and compare between two or three insurers when trying to decide which term life insurance to go for. If you need more information, never hesitate to reach out to insurers to clarify details. Nevertheless, for some of us, going through face-to-face meetings to ask a question or two might be inconvenient or time-consuming. After all, there’s only so few hours one has in a day.

No problem! There are online platforms like InsureDIY that lets you compare insurance products easily to help you make informed choices, in a neutral and unbiased setting. This will make it so much more convenient to narrow things down. Many people find insurance confusing, but when you’re familiar with it, it’ll be a valuable life skill and information. Take the time to know what is offered but don’t let it take over your life too. Insurance should be simple and reliable.

Step 3 – I’ve decided, what’s next?

Now, you have the choice to contact an insurance agent, make an appointment, sign the papers. Or, with the risks of Covid-19 being far from over, you can safely sign up online, from the comforts of your own home, such as with FWD or InsureDIY, where we have streamlined the process to give you a quote in less than a minute, and don’t even require medical check-ups for coverage of up to S$1.5 million*. No lengthy forms, too.

So in just 3 easy steps, you can get yourself that Life Insurance coverage without the hassle of even getting out of your chair! Find out more about FWD Term Life Plus insurance here and get up to 25% off on your Life Insurance.

This is for general information only and does not constitute financial advice.
This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). This advertisement has not been reviewed by the Monetary Authority of Singapore.
Buying a life insurance policy is a long-term commitment. You should consider if this policy is suitable for your needs, or you may wish to seek advice from a qualified financial adviser before making a commitment to purchase this policy. Switching from an existing policy to a new one may have potential disadvantages.
*For customers aged 50 and below, you may purchase up to S$1.5 million coverage without medical check-up if you are in the pink of health.

Posted in Life & Health

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