“Where does life insurance go if there is no beneficiary?”

The following is my answer to a Quora question: “Where does life insurance go if there is no beneficiary?” Should there be no nominated beneficiary for a life policy, the policy pays out to the estate of the deceased, and distributed according to the will. It comes under the administration of the executor of theContinue reading ““Where does life insurance go if there is no beneficiary?””

“Which one is better: a monthly contribution to income protection, or investing the same money every month?”

The following is my answer to a Quora question: “Which one is better: a monthly contribution to income protection, or investing the same money every month?” That depends entirely on your intent, and your need. In the beginning, you need some sort of liability protection, and coverage for loss of income. Pure investment does notContinue reading ““Which one is better: a monthly contribution to income protection, or investing the same money every month?””

“What is better: a stock or a mutual fund?”

The following is my answer to a Quora question: “What is better: a stock or mutual fund?” When you buy stock, each stock is the purchase of shares in individual companies. The advantage is that gains are more easily realised. In effect, a gain in share price may give you a potential profit may timesContinue reading ““What is better: a stock or a mutual fund?””

“What arguments exist for whole life insurance over term life insurance?”

The following is my answer to a Quora question: “What arguments exist for whole life insurance over term life insurance?” Both whole life and term have their uses. Generally, I recommend whole life when the client is younger. If they can afford it, I recommend a limited pay whole life, so they pay for theContinue reading ““What arguments exist for whole life insurance over term life insurance?””

“My mortgage is late. Should I call my bank and explain why?”

The following is my answer to a Quora question: “My mortgage is late. Should I call my bank and explain why?” Yes. When it comes to taking loans from any financial institution, it is always important to be in constant communication and update them. A bank can tolerate late payment if they understand the reasonContinue reading ““My mortgage is late. Should I call my bank and explain why?””

“What are the advantages of investing in a money market mutual fund over a savings account?”

The following is my answer to a Quora question: “What are the advantages of investing in a money market mutual fund over a savings account?” A savings account has a low risk, and that corresponds to a lower return. A money market fund is also low risk, but it is still of a higher riskContinue reading ““What are the advantages of investing in a money market mutual fund over a savings account?””

“Where or how should I invest $500 monthly, at low-risk?”

The following is my answer to a Quora question: “Where or how should I invest $500 monthly, at low-risk?” Even at low risk, you cannot go for the safest since the base objective is to still to have a higher return over the investment period than the rate of inflation. If you cannot match theContinue reading ““Where or how should I invest $500 monthly, at low-risk?””

Things all beginners should know about insurance

Perhaps you’ve read Before you buy: things all beginners should know about insurance by The Woke Salaryman. It is overall a good article, in simple language that helps laymen easily understand. However, I’d like to comment on a particular point of concern: Mistake 3 is itself a mistake. Covering yourself for up to 10 timesContinue reading “Things all beginners should know about insurance”

“At what age should I buy life insurance?”

The following is my answer to a Quora question: “At what age should I buy life insurance?” You should get it as early as possible. There are two primary reasons. The first is that you want to lock in your coverage when you are healthy, before the documented development of any medical condition. Once aContinue reading ““At what age should I buy life insurance?””

Fun(ds) Investing was born…

Yesterday, my team conducted our first webinar on investment, a private session. I used to be lost and clueless when it comes to investments, as I listened to monthly updates from Sani Hamid and Victor Wong back in Financial Alliance. I only started to focus on investment in late 2018, reading and understanding. Moving toContinue reading “Fun(ds) Investing was born…”

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