3 tips to save big on life insurance in Singapore

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3 tips to save big on life insurance in Singapore

• Living a decent lifestyle in Singapore has become
  historically expensive. With car loan,  housing
  loan, daily expenses, conservancy charges  as
  well as shopping, traveling, dining and a host of
  many other things that drains the money in just a
  few days of receiving salary,   were always in
  search of ways to earn some additional money as
  well as  save some amount in order to lead a
  better life. Earning more usually isnt that easy
  looking at the available time you find remaining
  after grinding in office for so many hours.

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• While a lot of people have the misconception that
  a life insurance in Singapore, if taken can
  substantially add up to the cost, there are ways
  using which you can save big bucks and the money
  that has been saved can then  be used for a
  better and healthier lifestyle.
• Below are 3 expert tips about how can you save
  big money on life insurance in Singapore

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Choose your agent mindfully

• Insurance agents in Singapore can be bumped
  around almost anywhere including your morning
  gym, favorite coffee shop or   leisure club. They
  try to sell you one or the other policies and
  while not all of them are dupes, being sold on an
  irrelevant insurance policy is not so uncommon
  still. Just one inappropriate insurance policy
  that you did not actually need or was expensive
  than you could possibly get can considerably
  increase your expenses. In order to save money on
  life insurance in Singapore,

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• Before you choose which agent youd actually like
  to work with, its important that you check the
  following
• -The Insurance agent in Singapore that youre
  going to handover your life insurance
  responsibilities has to be a genuine adviser and
  not a salesy agent whos only interested to sell
  no matter what. Judging this is not difficult if
  you can simply find the hints from the
  conversation that youre having with him.
• -The insurance agent in Singapore that you choose
  to work should have good track record
  (Recommended). This is not necessary but if you
  can get such an agent, theres nothing better as
  an insurance agent with good track record is
  almost a guaranty that youre not going to be
  sold any unsolicited offer which isnt
  appropriate to your needs.

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Consider paying annually instead of monthly

• Paying insurance premium on monthly basis sounds
  like a great option to so many since you can
  split the amount in easy monthly installments.
  Many of these companies offering life insurance
  in Singapore also advertise monthly installments
  on 0 interest rate, which is undoubtedly
  alluring. However, if you sit down and calculate,
  youll realize that monthly installments on life
  insurance can cost up to 3-4 percent higher than
  annual payments.
• If this doesnt sound like much, consider this
  Right now, the average interest rate on a housing
  loan is 1.2 1.5. Any bank that charges 3
  interest on a housing loan would simply get
  shoved out of the market. Why to borrow insurer
  the money on an additional 3 per annum then?

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Be healthy

• If youre thinking that the advice of being
  healthy is darn general and has nothing to do
  with life insurance in Singapore, read on.
• Not so many people know that some of the health
  conditions attracts higher rate of insurance
  premium comparing to others. Insurance companies
  do charge extra for smokers, as they do for
  people who are obese.
• If youre not living a healthy lifestyle, youre
  not only going to spend money on treatment of
  those diseases but will end up paying high
  premium comparing to what others pay.
• Its therefore advised to be healthy and save
  money. Take morning walk, eat healthy food, be
  happy and save more. What better could there be.

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• It just takes a bit of care and you saw how easy
  it is to save a lot of money on life insurance.
  Taking a life insurance in Singapore is becoming
  more important than it has ever been. In any
  case, we highly recommend to take a life
  insurance policy for you as well as your family
  members according to your budget and
  requirements. If you think youre confused, well
  be happy to help free, provide non-salesy and
  genuine advice so that you can choose thats best
  for you.
• More information visit this link
• http//thefinancialleaf.com/3-tips-to-save-big-on-
  life-insurance-in-singapore/

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