Prepare Your Financial Plan

You can use this calculator to project your savings to retirement and the drawdown of your savings to give a monthly income. This amount is adjusted for inflation. The amount of monthly income that you see will have the same value as today.

www.easysearch.sg/life21
http://projects.easyapps.sg/life21d/Planning.aspx

You have to provide your actual e-mail address for the plan to be sent to you. It will not be displayed on the browser.

Pro-Enterprise Panel

I gave my feedback to the Pro-Enterprise Panel about the charges for the fire safety requirements. There was no reply for one week. I mention in my blog that I wanted to send them another feedback and that I do not expect any reply from them.

I just received an acknowledgement from the secretariat to my first feedback that they are contacting the Fire Safety department. Perhaps my blog did the trick in getting the reply?

One-sided stories and half truths

A financial adviser wrote to me to complain that my postings on rejection of private Shield claims are negative and one sided, and that it did not contain details of the reasons for the rejection.

I am not able to post the details as the claimant usually does not wish to be identified. In some cases, the claims are still under appeal, and they do not wish to damage their chances. They do not wish their friends or family  to know of their difficulty.

On the contrary, I know of many instances where the insurance agents tell one side stories, exaggerations and half truths to get consumers to buy life insurance or private Shield insurance that are a waste of money. These are told verbally to the consumers, without any written record. The agents are more likely to be the people who are responsible for one-sided stories.

Here are the half truth stories.

Tan Kin Lian

Test your skill as an Entrepeneur

Take part in this competition every night AT 8, 9 and 10 pm

http://tankinlian.blogspot.com/2010/12/best-competition.html

Cost of medical report - who pays?

This letter was printed in the Straits Times Forum.

Some consumers have to pay $90 or more to get a medical report that is usually required by another party, e.g. the insurance company, employer or for National Service deferment.

I suggest that the government should make it clear that the cost of these requirements should be borne by the party that needs the report, and not the consumer.

These big organisations that ask for the medical report are in a better position to negotiate down the fee for the medical report, or to change their requirements to reduce the cost of the report. They should not impose expensive requirements to be borne by the hapless consumers.

Tan Kin Lian 

Avoid exclusions on your private Shield

Dear Mr. Tan,
NTUC offered to upgrade my Medishield, but with exclusion in 2008. I rejected it as I believe this exclusion may lead to debatable claims in the future. However, I am now under the basic plan which is not restricted by the exclusion. What I am looking for is to allow me to upgrade my medi-shield plan without the exclusion and also, can extend the coverage with rider if possible. If NTUC Income is not prepare to do anything about it, I don’t see any options at all… Do advise me if there is any suggestions.

REPLY
My view is that it is better for you to say with basic Medishield, rather than ask for an upgrade to a private shield. Even if Income is willing to accept you with less onerous restrictions, it may not be worth while for you to face future uncertainty. Read this FAQ.
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Learning Tips - Nightlife in Singapore

Where are the interesting night life in Singapore? You can find out from Learning Tips. This app is now available on Windows Phone, which you can download from Microsoft Marketplace. You can also learn from the tips on other topics covering financial planning, insurance, health and tourism. Watch the video of Learning Tip on the web and on the Window Phone.

Financial Planning - do your plan

This video shows how to prepare the financial plan and to understand the results. It is most suitable for young people who has just started work, or has been working for a few years. You should use this tool to prepare your financial plan before you put your savings in a life insurance policy (that gives you a poor yield).

You can do your financial plan in this website, www.easysearch.sg/flexilife.

Suffolk Law School | Suffolk University Law School | Careers In Law

Suffolk law school is rightly proud of Sargent Hall where modern technology is utilized to the fullest extent with 3,000 high speed internet connections. It has provided the foundation stone for many distinguished careers in law in the United States and worldwide.

Suffolk University law school has produced some of the most eminent legal professionals throughout the United States and these graduates can be found in public service, in the judiciary and in private practice.

via careersinlaw.org