Topic: Right-Sizing
6 posts tagged “Right-Sizing”.
Review Your Cover When Life Changes
Insurance is not a buy-and-forget purchase. The right amount of cover moves with your life, and a few predictable events are the moments to check it — up or down.
How Much Life Cover? Replace the Income
The oldest and clearest way to size life cover is to treat your future earnings as an asset and insure it. The idea is a century old — Solomon Huebner called it your "Human Life Value."
The DIME Method: A Quick Way to Size Cover
If "income times years" feels too loose, the DIME method gives you a fuller checklist — adding up Debt, Income, Mortgage and Education to reach a cover figure you can defend.
The Protection Gap: Where Singapore Is Exposed
Singaporeans are, on average, reasonably insured against death — but badly underinsured against critical illness. Knowing which gap is yours tells you where your next premium dollar should go.
"Buy Term and Invest the Difference"
A long-running piece of advice says to buy cheap term cover and invest the money you save versus a whole-life policy. It is often sound — but it rests on one condition many people miss.
Laddering: Match Cover to a Falling Need
Because your need for cover shrinks over time, you rarely need one big policy for thirty years. Stacking several shorter policies — laddering — matches the cover to the need and trims the premium.