The basics about life insurance in 3 steps

So, you’ve decided to get Life Insurance.

We all come to a point in our lives when we want to start feeling more secure and actually be the responsible adults we always imagined to be. Some get married, some have kids, and some buy a property, but the easiest thing to do is get your very own life insurance, right? And it shouldn’t be difficult to choose a life insurance at all, that’s why we’ve shortlisted 3 key recommendations that will help you decide so you can be your own captain and navigate the sea of information.

Step 1 – Who do I speak to about insurance?

Your parents? Peers? Colleagues? It’s always good to ask around and get different opinions for you to compare. It saves you time to simply ask people who have gone through the experience. This gives you valuable insight that you can use later on when making a decision.

Some of us prefer to do our own research. After all, who knows our needs better than ourselves? In this day and age, one can learn so many things just by going online. There are many insurers like FWD Singapore who endeavor to make insurance simple to understand so we don’t need to dig through fine prints just to know what products meet our needs. When in doubt, it’s always useful to call the insurers for further information.

Step 2 – How do I choose insurance coverage?

It’d be worthwhile comparing about two or three companies when trying to decide which term life insurance to choose. If you really feel that you need to clarify the details then reach out to the insurers for more information. Nevertheless, for many of us, going through time-consuming face-to-face meetings might be inconvenient. After all, our time should be spent doing the things we love, shouldn’t it?

Fret not! There are online platforms like Comparefirst (launched by the Monetary Authority of Singapore) that allow users to compare insurance products apple-to-apple to help empower the user to make informed choices, in a neutral and unbiased setting. This is clearly the most convenient way to narrow things down.

Many say that insurance is confusing, but when you are familiar, it will prove to be a very valuable life skill at some point. Take enough time to know what they offer but don’t let it take over your life too. Insurance should be simple and reliable. Some people who discover the benefits don’t just stop at one.

Step 3 – I’ve decided on which insurance to get, what now?

The old-fashioned way was to contact an insurance agent, make an appointment. These days, most insurers have online platforms, but not all platforms are born equal. Some insurers still require you to fill in lengthy forms with many questions. Others, such as FWD have streamlined the process to give a quote of FWD Term Life Plus insurance in under a minute, and don’t even require medical check-ups for coverage of up to S$1.5 million*.

So in 3 easy steps, you can get yourself that Life Insurance coverage without the hassle of even getting out of your chair! Find out more about FWD Term Life Plus insurance.