Financial advice for Prospective Couples/ Newly Married Couples

This article requires an average reading time of 3 minute 5 seconds. 


Coming together to forge a life together comes with its unique financial considerations. The best way to set a strong foundation is to plan ahead and be prepared for life’s curveballs.


Here are the top three financial planning tools:


Hospitalization Plans




A greater number of hospital admissions are seen year on year*, reminding us of how we are all susceptible to falling ill. Throughout the course of your lifetime, it will be inevitable that you or your loved ones might get sick. One way to ease the worries that come along is to be equipped with a hospitalization policy that will alleviate the medical costs.


Such policies work on top of your MediShield to cover hospital stays, pre and post hospital treatment  allowing youto acquire better care for even lesser, and also to let you focus on loving and caring for each other.


Why is it important?


When loved ones are dealing with illnesses, it is natural to only want the best for them. However, with just the basic MediShield, hospital fees are pricey. You will still need to pay $1,500 for a C Class ward, $2,000 in B2 and $2,500 in B1 each year if you are below 80 years *. Quality healthcare and medical care should not be compromised on, and need not be. With hospitalization policies, there can be more, or even full, coverage of the hospital bills.


*Ministry of Health: Admissions and Outpatient Attendances, Straits Times: All you need to know about the standard B1 class Integrated Shield Plan


Critical Illness Policy




To make good on the promise of for better or for worse, in sickness and in health, it is best to be prepared for any curveballs life might throw your way, especially given the high costs of living. While there can never be a way to predict when disaster, or illness, will strike take the steps to have your lifestyle remain sustainable and free of financial burdens in spite of it all.


Why is it important?


As science and technology develops, the chances of recovering from critical illnesses also increases. The pay out from the policy then steps in as income to supplement the time in which one is spent away from work. For every day that you are resting, the insurance company will step in to supplement it with working income, allowing you the time to recover and recuperate completely.


Education Insurance




Newly minted couples might be interested and looking to start expanding the family in the near future. However, there is always a multitude of costs to be dealing with, from new home costs to retirement savings and the expense of parenthood might add on to the strain. The cost of education is especially high, but with adequate planning, a childrens education policy will ensure that your child will be fully covered for their education needs.


Why is it important?


It pays to look into education plans that will reward you with handsome returns on investments if you are planning for children. If in the event of the parents death or contraction of a critical illness, some plans waive off subsequent premiums but still continues saving for the child. Ensure protection for yourselves while still saving for your child.


Insure yourself, protect others.

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Disclaimer: All information, commentary and statements of opinion contained in this publication are for general information purposes only. They are not intended to be personalized financial or investment advice as they do not take into account your individual circumstances. You are advised to speak to a qualified financial consultant before making any financial decision. This publication should also not be construed as an offer or solicitation to purchase or sell any insurance or non-insurance products including any that may be mentioned here. Whilst we have taken all reasonable efforts to ensure that the material contained in this publication is accurate and informative, and the author of this article do not warrant or guarantee its accuracy, reliability or completeness., its employees, parent, related companies, agents and the author of this article will not be liable for any direct, indirect, incidental or any other type of loss or injury resulting from your use of this content.
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Weng Fai treats his clients, just like how he would treat a brother and sister and advising financial protection over their finances. His sincerity towards them is his recipe for success. These close relationships make him even more passionate about attaining financial protection for his clients as well, given that he is able to successfully file claim for his clients and advise on how even the tiniest bit of protection is able to offer them.The motivation that keeps him going is not just the ability to achieve options and choices through financial planning and management, but also that of protection against the unexpected. Over the years, he has helped many clients who have fallen sick and helped apply for claims to cover their hospitalization and supplementary income. Weng Fai realized that critical illnesses could strike even the healthiest person and no one is guaranteed good health. Weng Fai is grateful for the opportunity to be a helping hand to others —particularly to guide them with their options and also to set up their financial buffer.Now a top performer in the wealth management firm he is working in, Weng Fai has navigated his own career journey successfully. After years of worrying, his parents are proud of his achievements and realize that his drive and passion for his career have been the pivotal factors for his success. Weng Fai can be contacted at

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