Your parents bought you insurance - is it still enough today?
About this episode
The episode discusses the complexities of managing inherited insurance policies and how to determine their relevance to adult needs.
Taking over an insurance policy from your parents may seem straightforward, but many people do not fully understand what they are paying for or whether the coverage still suits their adult needs. Should you keep, upgrade or surrender these plans? Chan Wai Kit from Life Insurance Association Singapore explains how to assess inherited insurance policies. See omnystudio.com/listener for privacy information.
More episodes of Money Talks
- Emotional spending and healing your relationship with money
- How to read the fine print in your insurance policy
- What’s driving financial anxiety in Singapore?
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