Marcus Lim - Certified Financial Planner

30/06/2020

For parents with children (primary 1 to 6 and secondary 1 & 2),

Don’t let your children’s learning routine get disrupted.

Here’s a FUN Maths online program that uses animation to teach: http://sg.gelife.co/SMILE

Kids can have fun while learning and it follows MOE
Curriculum.

Lessons designed by experienced ex MOE
teachers and tutors.

FREE 3 month usage to supplement
home based learning.

Click on the link below to sign up or pass it on
to someone who needs it!

https://forms.gle/LLdcHNVdaBY1jDmC9

16/06/2020

For parents expecting their little one in 2020 and/or have given birth in 2020, there are Baby Kits up for grabs!

The Baby Kit consist of:
✓ Diaper bag and baby gift set
✓ 6-month Personal Accident Protection Plan (for yourself, spouse and baby)
✓ 1-year Mothercare VIP membership
✓ 3 digital issues of The Singapore Women’s Weekly

Simply head to the Great Bundle of Joy registration via this link:

http://sg.gelife.co/1215048

While stocks last.

11/06/2020

The launch of CareShield Life and MediSave Care has been delayed to the end-2020, instead of mid-2020.

https://www.channelnewsasia.com/news/singapore/covid-19-careshield-life-medisave-care-delayed-12809062

For Singaporeans and PRs (aged 30 and above), CareShield Life provides severe disability coverage in the form of monthly cash payouts, while MediSave Care allows one to withdraw cash monthly from their own/spouse medisave account for their long-term care needs due to severe disability.

More about CareShield Life --> https://www.moh.gov.sg/careshieldlife/about-careshield-life

More about MediSave Care --> https://www.cpf.gov.sg/members/FAQ/schemes/healthcare/eldershield/FAQDetails?category=healthcare&group=ElderShield&ajfaqid=4651197&folderid=18907

SINGAPORE: Long-term care support schemes CareShield Life and MediSave Care will be launched by end-2020, instead of mid-2020 as originally ...

02/06/2020

Good news to Great Eastern's policyholders!

Aside from the existing eConnect platform where you get to access and manage your policies, there is now a mobile app that has been launched, the "Great Eastern Singapore" app.

https://www.greateasternlife.com/sg/en/personal-insurance/get-help/digital-services/ge-app.html

This app provides greater convenience for you to access your policy information and also make service requests such as updating your contact details via MyInfo and SingPass.

For policyholders who have yet to sign up for your GREAT ID, do sign up so that you have access to Great Eastern's digital services which are the above app, eConnect, UPGREAT and GETGREAT apps.

https://www.greateasternlife.com/sg/en/personal-insurance/get-help/digital-services/great-id.html

Get complete access to the latest details on your Great Eastern policies anytime, anywhere.

25/05/2020

Are you thinking whether your current mortality and critical illness coverage is sufficient?

The Life Insurance Association (LIA) Singapore has an Insurance Calculator on its website and it provides a good gauge of any protection gap by considering the situation you are in.

Try out the calculator via the link below!

https://www.lia.org.sg/tools-and-resources/insurance-calculator-intro/insurance-calculator

Do speak to your financial planner if the calculator results indicate that you need to top up your coverage.

The pre-set value is calculated using an assumption appropriate for your profile. For more accurate result, enter your personal value.

20/05/2020

❗️Great Eastern has just announced its partnership with telemedicine start-up Doctor Anywhere

https://www.straitstimes.com/business/companies-markets/doctor-anywhere-to-provide-telehealth-service-to-great-eastern-shield

GE's Integrated Shield plan (SupremeHealth) policyholders will be entitled to preferential consultation fee of $12! (which covers the General Practitioner Online Video Consultation | charges for medication is not included)

With reference to the photo attached, this would be good news for those who suffer from suitable conditions that could be treated through a video consultation.

👋 For existing GE SupremeHealth policy holders, you can refer to the link below to download the Doctor Anywhere app and activate your preferential rate coverage!

https://www.greateasternlife.com/sg/en/personal-insurance/get-help/health-connect/general-practitioner.html

I am glad that Great Eastern is moving in the right direction of providing more options (access to care) for our policyholders. 😀

19/05/2020

📌 Changes to the definitions of Critical Illnesses (CI)

The Life Insurance Association Singapore (LIA) provides a standardized set of CI definitions through a framework, the latest one being the "LIA Critical Illness (CI) Framework 2019".

This Version 2019 framework was announced by LIA on August 2019 and this Seedly article provides a good walk-through of the comparison between the Version 2014 and 2019.

The article summarizes the revision's pros & cons and how it affects us.

https://blog.seedly.sg/changes-to-critical-illness-definition/

And, if you are interested in the details of the exact revisions that were made, you can view the comparison of both versions from this link.

https://www.lia.org.sg/media/2161/mu5819-part-3-of-4-_lia-ci-framework-2019_comparison-of-lia-definitions_2014-and-2019.pdf

For me personally, the current definitions (Version 2014) is to my advantage as they are more "lenient" in a sense.

To those who have yet to get their CI coverage, you might want to consider getting one before 26 August 2020.

The changes will be implemented in August 2020.

15/05/2020

Today, I am glad to have the opportunity for my clients to listen to Mr Patrick Tan (Founder and CEO of Fortis Law Corporation) sharing on the following matters: Advance Care Planning Workbook, Lasting Power of Attorney (LPA), Advance Medical Directive (AMD) and Will.

Below are pointers that I would like to share.

In life, it is important we have these three key planning in place.

1) Advanced Care Planning
2) Estate Planning
3) Financial Planning

Advanced Care Planning is to plan for future health & personal care if we become ill one day. Such planning takes into consideration our wishes and healthcare preferences.

The LPA is a legal document that allows us to appoint people who will act and make decisions on behalf of us if we lose our mental capacity. (https://www.moneysense.gov.sg/articles/2018/11/lasting-power-of-attorney-lpa)

The AMD is a legal document that allows us to reject extraordinary life-sustaining treatment to be used to prolong your life when one is terminally ill and unconscious. (https://www.moh.gov.sg/policies-and-legislation/advance-medical-directive)

Making a Will is an important step in life. Will is used for various purposes such as paying off debts, assigning of guardianship, funeral arrangements, allocation and distribution of immovable and movable properties. However, we must note that Will cannot cover or distribute our CPF monies (it is based on our own CPF nomination).

The Will can also be used to distribute the benefits received from your insurance policy to your chosen beneficiaries if there is no nomination done for your policies.

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Having the partnership with FortisWills, which is one the most established will writing and estate planning companies in Singapore, I look forward to providing such value added service to clients which complement a comprehensive financial planning.

05/05/2020

Referencing the Customer Satisfaction Index of Singapore (CSISG) 2019,

I am glad that Great Eastern has an outstanding customer satisfaction scoring in the Life Insurance sub-sector.

This is as an affirmation of Great Eastern's commitment in providing quality services to its customers. 👍

(This article is published in the Straits Times, 4 May 2020)