How should I invest my additional savings?

Dear Mr Tan

Currently, I have only SA of 25K protection insurance and SA of 50K on living insurance from NTUC. I am interested to increase my protection.

I wish to buy a whole life policy with short premium term, is it advisable? Is it advisable to buy investment products as the priority as it gives the best return although the protection is only 125%?

ET

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Dear ET

I suggest that you should put your additional savings in an Ideal plan to be invested in our Combined Fund. You can read more about this plan from this FAQ:

http://incnet.income.com.sg/uiGuide/guideDetailsPublic.aspx?gde=3304

If you need additional protection, you can buy a low cost term insurance. See this FAQ:

http://incnet.income.com.sg/uiGuide/guideDetailsPublic.aspx?gde=3020