Married Couple with Older Children
You have provided your children with the best and they are learning to manage their independence. At this stage, you are at the peak of your career and a substantial amount of your income has been freed from supporting your children and other financial obligations. With the extra income, you are now able to attend to your other life priorities such as business ventures, lifestyle changes and enhancing your savings for retirement.
Financial decisions made at this stage affects when and how you can retire and a review of your finances is necessary to determine the options available to you.
Great Eastern provides the support that will guide you through these decisions so that you can achieve your retirement goals.
Prioritise your own protection
As a parent, you have housing mortgage and higher household expenses to take care of.
Meaning higher liabilities, that why it is important to review your critical illness and disability plans and increase your death coverage to ensure your beneficiaries are protected. Remember, it is best to consider the future while you are healthy and earning a steady income.
^ Source: Motherhood Magazine, Nov 2007 issue.
^^Source: The Straits Times, 16 June 2011