The fact of the matter is that most expat families are solely reliant on at least one member of the family maintaining a living wage in order to stay here in Singapore. And you are likely aware of the fact that the cost of living as an expat here in Singapore can be quite high when you add up expenses like rent, school fees, insurance and the incidental cost of daily life. If you need any help talking this through, call us today and our Life Insurance consultant would be more than happy to walk you through this discussion.
You need to ask what would happen to your standard of living if you were suddenly unable to return to work due to a prolonged illness or an accident. Where would the monthly financial resources to support your family come from? Income Protection Insurance options that we offer expatriates here will be able to help. Leave your details with us and we will contact you to discuss any of these points further.
Thinking ahead can be helpful when it comes to financial planning and management. Living in Singapore as an expat offers great convenience and comfort, however it’s never a bad idea to keep your living costs in mind and have a safety net in place.
Taking an income protection plan can provide peace of mind for you and your loved ones in the knowledge that you would continue to receive a percentage of your monthly salary, for a predetermined period of time. The term of the policy is selected at the inception of the policy, giving you control over your income in a time of need. If this sounds like something that you would be interested in, call us today and we can help you sort out the best income protection insurance for you and your family.
Income protection insurance will pay a certain percentage of your pre-tax monthly income for a specified period of time if you are unable to work. Do note that this only applies when your inability to work is caused by accident or illness. Income protection does not cover you in the event of employment termination or redundancy.
As expats are often the sole breadwinner of their family in Singapore, income protection insurance offers a much-needed safety net in unforeseen circumstances. It gives you and your family peace of mind knowing that everyday expenses can still be taken care of when you are unable to work.
As an award-winning insurance brokerage, we have over a decade of experience protecting more than 30,000 expatriates in Singapore and around the world. Connect with us today and our experts will help you design a comprehensive insurance plan for you and your family
Give us a call today on +65 6439 8029 if you need any advice with regards to income protection. You can also leave us a message below and we will get straight back to you.