Why Expats In Singapore Need Life Insurance And A Financial Planner?

By Author: Singapore Expat Advisory
Total Articles: 55
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Life Insurance for Expats

How life insurance and a financial planner protect you if you are an expatriate living in Singapore. Although being an expat in Singapore, life insurance may not be among the essentials you think about, however, it is. Life insurance guarantees that your close ones will be provided for in the event of tragedy befalling you. It provides daily and monthly living expenses, liabilities, and other monetary responsibilities, which relieves you of stress.

Expats are essentially viewed to be differently placed financially. Perhaps, you have assets in overseas, more or less taxes to be paid, and several dependents to support. In essence, life insurance reduces these gaps thus people feel their families are catered for wherever they are. Besides, there are many Insurance companies in Singapore and there are many policies that are available for expatriates which makes it easier for one to get what he or she wants.

Financial Planner for Australia citizens living in Singapore

It is an overwhelming task to maneuver through a different country’s financial environment. But ...
... that is where a financial planner comes in especially for Australians in Singapore and expatriates dwelling there. A financial planner is skilled in organizing your funds, choices in investing, planning for your retirement, ways to minimize your tax and also the ways to plan for your estate.

Some of these considerations for Australians include taxation when transferring money from Australia to Singapore or vice versa; superannuation; and preparation for return to Australia at some point. Advises relating to Australia and Singaporean financial systems by a financial planner who can guide to make the best use of our money.

Why You Need Both

By integrating life insurance with the services of a financial planner, the client gets an effective and systematic protection of his/her financial interests. Life insurance is a safety net that you as a breadwinner, and your family requires, while a financial planner puts together a sound financial plan for wealth creation. Both Parts are instrumental in making sure that you are ready for the planned and the unplanned to make you enjoy your expatriate life in Singapore financially securely.

To sum up, financial planner for Australians in Singapore is not just about ensuring your financial future; it’s about insurance of your heart and mind freeing you to concentrate on things that count – your life in the foreign country.