Joke: statements of motor accidents

> As I approached an intersection a sign suddenly appeared in a place where no stop sign had ever appeared before. I was unable to stop in time to avoid the accident.

> To avoid hitting the bumper of the car in front I struck a pedestrian.

> My car was legally parked as it backed into another vehicle.

New era of shortages

Will the world enter into a new era of shortages? Oil? Food? What will be the impact?

http://newpaper.asia1.com.sg/columnists/story/0,4136,169560,00.html

http://www.tankinlian.com/drmoney/

Financial planning for a young family

Hi Mr. Tan

My husband and I are doing our reviews of our profile. My financial planner recently recommends that we increase our critical illness coverage to at least $125K, via a limited pay term insurance. The two products recommended are Asia Life TM Legacy and NTUC Income Vivolife.

I have read your FAQ and I'm not sure if we should be increasing the critical illness coverage by another $100K. We have two young children, that's also the reason why we want to ensure at least we are sufficiently covered.

REPLY

Both of these products are high cost products that give poor value to the consumer. I advice people to buy a 20 year Level Term insurance, and to invest the difference in a low cost fund.

You can see some examples of the difference in the FAQs in my blog:

www.tankinlian.com/faq
http://www.tankinlian.com/faq/true.html
http://www.tankinlian.com/faq/age65.html

Joke: statements of motor accidents

> In an attempt to kill a fly, I drove into a telephone pole.

> I had been shopping for plants all day and was on my way home. As I reached an intersection a hedge sprang up, obscuring my vision and I did not see the other car.

> I had been driving for forty years when I fell asleep at the wheel and had an accident.

Claim ratios on motor insurance

Are you paying the right premium for your motor insurance? Dr. Money analyses some claim ratios of insurance companies in Singapore:

http://newpaper.asia1.com.sg/columnists/story/0,4136,170194,00.html

http://www.tankinlian.com/drmoney/

Charges of Investment-linked plans

Hi Mr. Tan,

May I know is it that all regular ILP does not invest 100% of our preimum from the 1st mth? Does single premium ILP invest 100% of our preimum?

REPLY

There must be 100 different ILPs in the market. I am not able to tell you the difference in structures between these plans. You should ask the insurance companies.

Read this FAQ:
http://www.tankinlian.com/faq/ilp.html

Joke: statements on motor accidents

> I collided with a stationary truck coming the other way.

> The guy was all over the road. I had to swerve a number of times before I hit him.

> I pulled away from the side of the road, glanced at my mother-in-law and headed over the embankment.