Titus Lim

"What's most important in our job is not just selling a life insurance policy but making sure they (clients) can benefit from it." – Ryan Yeo, Director, Advisory Ryan’s Top of the Table (TOT) 2024 achievement is a testament to his dedication to client care. Behind every sale, there must be a genuine intent to serve the interests of others. ✨ Watch as Ryan Yeo reflects on his journey in making a difference in financial advisory thus far. Follow his journey to stay inspired. #FinanceSuccess #TOT2024 #CareerJourney #finexis #finexisadvisory #singapore #ourfinexisstory

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Etiqa Insurance Singapore's new study reveals younger Singaporeans aim to retire as early as 50, estimating monthly expenses to sustain themselves at below S$6,000. The growing confidence in retirement goals points to a shift in financial priorities, emphasising financial independence and lifestyle optimisation. Younger Singaporeans, including millennials and Gen Z, prefer low-risk options for retirement planning such as savings accounts, CPF contributions, and fixed deposits. Yet, the study's findings also reveal many underestimate the time horizon and funds needed to sustain their desired lifestyle, which could lead to a potential retirement gap. Read more: https://lnkd.in/gKeQiEjZ #EtiqaInsurance #EarlyRetirement #FinancialPlanning #Singapore #FIRE #WealthManagement #Insurance #PersonalFinance #MediaOutReachNewswire #PressRelease #News

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How much personal information should you disclose when buying insurance? Our CEO Dennis Lun was recently interviewed by Channel C about a medical insurance claim case. A son bought a Voluntary Health Insurance Scheme (VHIS) policy for his father over age 60. Within a year, the father received a stage 4 brain cancer diagnosis and filed a claim. Unfortunately, the claim was denied and the policy was eventually voided, due to alleged undisclosed medical history, including back pain. Dennis emphasised the duty of "utmost good faith" in insurance. Applicants should disclose all medical history to avoid claim denials and policy voiding, even if the undisclosed condition (such as back pain) is unrelated to the claim (brain cancer). On the other hand, Dennis recommended that insurers arrange medical check-ups for older applicants before accepting the policy to minimise future disputes. Program Replay: https://lnkd.in/grjE9spK #10Life #10LifeHK #BringFairInsuranceToLife #FairInsurance #FairClaims #Insurance #Claims

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Premium financing complaints are on the rise, and it’s a reminder of the risks involved when taking out loans to buy life insurance. As our CEO, Eddy Cheong, shares in this Straits Times article, premium financing can lead to a financial burden if not managed properly – especially with rising interest rates. Before diving into a life insurance loan, make sure you have all the facts. Understand the foreign exchange risks, interest rate fluctuations, and whether you're ready for the long-term commitment. Get in touch with us today to explore your options and avoid potential pitfalls: https://lnkd.in/gqWPpcWu You can read the full article at the link below if you have a Straits Times subscription. Stay informed and make smarter choices with your insurance decisions!

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[Ultimate Secret to Business Longevity] ㅡ 173 Years Old and Still Kicking Think your business has weathered some storms? MassMutual's been standing strong since 1851! Their CEO, Roger Crandall, spills the tea on their secret sauce: #resilience. (+ 🎥 1-Min #SummaryVideo created with #PixtAI) 🏆 What's the top trait for leaders? • Forget humility or authenticity, Crandall says it's all about resilience ✅ Key points on leadership resilience: • MassMutual survived (and thrived) through major historical events • Resilience isn't just bouncing back, it's growing stronger • 78% of CEOs are confident in growth despite uncertainties • Resilience helps companies not just survive, but thrive 💡 MassMutual's resilience in action: • Developed new products during 1970s-80s financial challenges • Expanded to Boston pre-pandemic to attract top talent • Currently serving a 102-year-old customer with a 92-year-old policy! 💬 CEO Roger Crandall's take: "For all CEOs, resiliency is important, because volatility is both an opportunity and a risk." Is resilience the ultimate leadership superpower? How does your company build and demonstrate resilience? #Leadership #Resilience #Business #CEO #Insights #MassMutual P.S. How has your organization shown resilience or gained from disorder? Share your story in the comment below! 💪🏢

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Buying house insurance (Inihua mo ngā whare)? Check out our quick guide of things to consider. 🏠 Identify Your Coverage Needs: Know what assets you need to insure before purchasing a policy. 🏠 Do Your Research: Compare policies and premiums to find the best coverage. 🏠 Choose Value Over Price: The cheapest policy isn’t always the best; focus on coverage quality. 🏠 Review Annually: Regularly update your insurance to match changing circumstances. 🏠Understand Your Rights: Be honest with your insurer and know your rights if issues arise. https://lnkd.in/gwhhB7B7 #GradualDamage #FinLit #FinEd #ICNZ #insurance #NZ

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Looks like the health insurance landscape will change again after the health minister's speech. Health Minister Ong Ye Kung was talking about asking insurers to review their plans to avoid the healthcare buffet syndrome. If you have insurance, you might end up getting more diagnostic tests and more expensive treatments. He asked insurance companies rein in generous and unsustainable benefits such as no limits on claims and very low co-payments. As an advisor and cancer patient myself, I have been on both sides of the coin. Advising client on the right plans to get while claiming for my own cancer treatment. Ultimately, I think it boils down to take up what is affordable to you and what other policies like company insurance you might have on hand. The last thing you want to worry about when you are hospitalized is to worry about the bill. I was able to choose my surgeon, seek immediate treatment without having to worry about the bill. I was having dinner with a client and his wife last night and he was sharing his story about his hospitalization recently. He was in pain but delayed seeking treatment as he was worried about the cost. When he was finally warded, he was so relieved when the admission office told him he was covered with a private integrated shield plan he bought from me many years ago. He thanked me for making him took it up years ago! Coming back to the speech by the health minister, while it's good to review the claims and premium, taking away the current option might result in people exposed to more out of pocket expenses. But we have seen this being done before when MOH removed the 100% coverage rider. How much out of pocket is enough? 20%? 50%? What's your view? https://lnkd.in/gq_X5dJU

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Looking for financial peace of mind in retirement? 🧘‍♀️ Just like Wing Chun teaches balance and flexibility, CPF LIFE provides a steady foundation for your golden years. This video by the CPF Board breaks down the different plan types and shares smart tips to boost your retirement savings. Check it out and start planning for a worry-free future! #retirementplanning #financialfreedom #CPF #Singapore #andrewangsg

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2 things to save yourself from financial & health emergencies: (proof: i’ve helped 100s with this exact formula) People between 35 and 44 years old are often the most financially vulnerable. [Source: Prudential Singapore] At this age you’ve to manage between work, kids, family and so many bills. So, you can’t risk your money in the open because you can't control sudden financial losses. ⤴ Medical bills. ⤴ Health expenses. ⤴ Income from companies. When you’re not healthy, you won’t be able to focus on investment. Have these with you as soon as you read this post: 1. Health insurance. 2. Step-by-step financial planning. ⤴ Health insurance: Bills add up quickly during emergencies so having insurance keeps you and your family covered, allowing you to focus on recovery without worrying about financial stress. Make sure your policy has major illnesses + hospitalization. ⤴ Step-by-step financial planning: A structured plan helps you: - manage your income effectively. - save for the future. - handle uncertainties. If you need help with financial planning, DM me. If you don’t have the budget, do this: 📍 Decide what you want to achieve financially. This could be buying a home, saving for your children's education, or planning for retirement. 📍 Track your income + expenses. Find areas where you can cut costs & allocate more towards savings + investments. 📍 Save at least 3-6 months’ worth of expenses. This fund will act as a safety net during financial crises like job loss or unexpected medical expenses. 📍 Consider low-risk investment options like SIPs or FDs. These can help you grow your wealth over time without exposing you to high risks. 📍 Staying healthy can reduce medical expenses significantly. Do regular exercise, have a balanced diet, and do routine health check-ups along with stress-relief techniques like meditation or yoga. 📍 Do monthly reviews of your financial plan. Change your plans based on income, expenses, or life goals. Don’t wait until it’s too late—take proactive steps now to protect your finances + health. Your future self will thank you.

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Insurance Straits Times 15/7/2024 “I have also encountered insurance agents at shopping-mall booths advising policyholders like me to switch old policies like my whole life with Cl policy to a retirement savings policy by forgoing the CI coverage.” Please don’t. That’s poor advice. You should have your insurance policies reviewed to better understand: • what you have and the total coverage amount • the gap you might be having • how best to address that gap, with consideration for your current life stage and financial commitments Farhan Samsudin #FinancialGPS #FinancialPlanning #InsurancePlanning

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Discover the power of Insurance GICs in this insightful video! Learn how they provide guaranteed returns, predictable growth, and peace of mind against market volatility. #InsuranceGIC #FinancialSecurity #FinancialAdvisor https://lnkd.in/d3n8hBuQ

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In Singapore, the call for regulation of trainers for financial practitioners is gaining momentum. The Insurance and Financial Practitioners Association of Singapore (IFPAS) emphasizes that those training financial professionals should possess recognized qualifications and relevant experience. With an increase in unlicensed trainers charging fees for questionable sales techniques, the need for oversight has never been more critical. IFPAS urges the Monetary Authority of Singapore (MAS) to monitor training methodologies to align with ethical standards and ensure accountability. This comes in light of recent discussions about the need for licensing financial influencers, who are increasingly shaping public perceptions of financial advice. As we navigate the complex landscapes of finance, it's essential that those guiding practitioners are qualified to do so. Let's advocate for a system that upholds integrity and professionalism in financial training. 📈💡 https://lnkd.in/gtBEk_M8

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Are you confident your insurance coverage aligns with your current needs, or could you be overspending? Lianhe Zaobao 联合早报 catches up with the CEO of Etiqa Insurance Singapore, Raymond Ong, who provides valuable insights on how customers can strike the perfect balance. Raymond emphasises creating a tailored insurance plan based on personal financial goals and needs, adjusting coverage as circumstances evolve. Beyond cost, customers should also consider the value and scope of policies, including coverage limits, premiums, deductibles, and additional benefits, to ensure they get optimal coverage without overspending. Special thanks to Crystal Heng and Lianhe Zaobao 联合早报 for the opportunity to share these insights! #EtiqaInsuranceSingapore #FinancialAdvice #FinancialPlanning

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Looking to retain top talents in Singapore’s competitive market? Deferred compensation is a strategic tool for long-term employee retention. By offering employees the option to delay a portion of their compensation package, companies can foster loyalty while assisting them to plan for their future. Help employees reduce immediate taxable income and create a financial incentive for key players to stay and thrive with your business. Invest in your workforce, invest in your future. 💼 #DeferredCompensation #EmployeeRetention #SummitPlannersCluster

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