Dear Kin Lian,
It has been very enlightening to read your blog and gain valuable insights about financial matters.
I bought a Prudential ILP for my son four years old. I now understand better about financial policies. I realize that much of the initial allocation of premiums in the 1st 3 years did not go into the funds purchase, but more of the distribution cost.
I have a one-year old daughter. What type of insurance I should choose for her?
REPLY
I suggest that you cover her under a Medishield plan (to take care of expensive medical treatment).
You can set aside some personal savings for her in a low cost equity fund. If you wish, it can be a separate investment account specifically for her.
Alternatively, you can make the savings in your own acount and transfer the money to her when she needs it at a later date.
Read this FAQ:
http://www.tankinlian.com/faq/child.html
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