Money Hacks Ep 75: Insurance - term vs whole life, what makes sense amid Covid-19?
Synopsis: Updated fortnightly on Mondays, The Business Times breaks down useful financial tips.
This episode is aimed at how investors can manage risk and insurance during the Covid-19 pandemic.
Host Chris Lim speaks remotely with bionic financial adviser MoneyOwl's chief executive and chief investment officer Chuin Ting Weber.
She explains the following points:
1. Why the role of insurance is protection (2:40)
2. Why our most important financial asset is our income (3:45)
3. What does it mean to be comprehensively insured? (5:45)
4. Why term insurance is more affordable and preferable till your planned retirement age and you no longer have dependents (7:00)
Produced by: Chris Lim and Ernest Luis
Edited by: Adam Azlee
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Do note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser.