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Friday, November 3, 2006

How to provide for my family

Dear Mr Tan

I am thinking of retiring at 60 in 2007. I like your advice concerning adequate provision for my family. What do I need to do?

I have a 4 year old son, my wife takes (mid 40s) earns about $x monthly. She may also decide to retire.

I have 2 fixed deposits of $50,000. One insurance policy will mature to realise $350,000. We have other policies and investments of about $1 million).

We do not have any outstanding debt.

Best Rgds

GY

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Dear GY

I advise you to consider the following plans:

For investing CPF or bank deposits:
Flexi-Link

For your wife to invest regular savings:
Ideal

Low cost term insurance (to provide security to your family)
Term

Life annuity
Life annuity

My business center manager will ask my product specialist to contact you.
The specialist is paid a salary and does not earn a commission. Feel free to
talk to the specialist.

Tan Kin Lian

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