Life can take my leg away, but it can’t break my spirit. How one Amputee’s financial struggles hasn’t stopped her from helping others
Clearly Surely Blog
by Clearly
1y ago
[This story was contributed by one of our readers, a practicing Financial Consultant]   “Come in, Alan.” I didn’t know quite what to expect. It was a warm Friday afternoon, and I had found Madam Zaleha’s unit after 10 minutes of walking. Pushing open the heavy, weighted door, I saw a calm, smiling lady seated on a couch. She seemed to carry herself with hope and a great deal of self esteem, instead of someone despondent after losing a limb. We sat down and spoke for the rest of the afternoon, and here is her story.   How I found her   It was during a typical prospecting call, wh ..read more
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We dug deep into the Claims Statistics of a local Insurer. Here are 3 sobering insights we found
Clearly Surely Blog
by Clearly
1y ago
  “Curiousity killed the cat” is an oft quoted idiom, with negative connotation towards exploration of the unknown. Yet the second half (and commonly missing) of the idiom also goes: “But Satisfaction brought it back”. One of our readers pointed out to us that NTUC Income makes their claims statistics available for viewing, and that triggered all our curiousity tendencies.   What sort of demographic would make up the most common claims? Are people claiming more these days? And what are people claiming for?   Join us as we delve into the numbers, and let curiousity get the better ..read more
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Budget 2023: Forget about Lawrence Wong’s Valentine’s Day disappointment. You deserve something far better
Clearly Surely Blog
by Clearly
1y ago
  2023 has barely begun and Financial Anxiety is already reaching fever pitch. Mortgage rates are rising like a balloon on a windless day, and scores of home owners and tenants are feeling the pinch of ever increasing monthly payments and rental fees. Foreclosures are surging too, in case the picture isn’t bleak enough. Stemming from the Federal Reserve hiking interest rates (450 basis points since March 2022 till now) to combat runaway inflation, there seems to be no end of the bad news. Tech giants are mercilessly slashing jobs and perks to tame their excessive spending habits during th ..read more
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Bought the wrong Insurance plan(s)? Here are 3 Steps you need to bounce right back
Clearly Surely Blog
by Clearly
1y ago
Mistakes happen. All the time. Just google “Chinese Spy Balloon over USA” if you happen to have cut off contact with the outside world for the past week or so.   Balloon, meet F22 Raptor   Regardless of where your geopolitical inclinations lie, we can all agree the whole matter was a mistake and could have the potential to be settled amicably, or escalate into something far worse. Same for your insurance. You could have bought something in the past without too much scrutiny, and how its looking like more and more of a mistake. A mistake that you want to handle, before it blows up i ..read more
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3 Insurances that you have without even knowing: Part 2 of 3 [MediShield Life]
Clearly Surely Blog
by Clearly
1y ago
What is MediShield Life? What does it cover?   It is a basic health (hospitalization) insurance scheme that provides Singapore Citizens and Permanent Residents with universal and lifelong protection against large healthcare bills, regardless of age or health condition(s). MediShield Life works by pooling financial resources from individuals in similar age cohorts, so we can each pay a smaller premium and not have to worry about a large healthcare bill. (This is also the basic principle of Insurance – risk pooling and transference)   To claim against your policy, you must stay in a ho ..read more
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3 Insurances that you have without even knowing: Part 1 of 3 [The Dependent’s Protection Scheme]
Clearly Surely Blog
by Clearly
1y ago
  There are many things in life we forget and take for granted. Like electricity and opposable thumbs, they make our life infinitely easier but its not something that we are even consciously aware of at any given moment. In this 3 part series, we explore the three Insurance plans that you most probably have, but have forgotten about.   We explain what each plan cover, what are the limits of each policy, and what options you have to enhance them.   Part 1: The Dependents Protection Scheme Part 2: MediShield Life Part 3: CareShield Life Let’s use the marvel of electricity and your ..read more
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Wait a minute, what is a Waiting Period? [Navigating this crucial clause in your policies]
Clearly Surely Blog
by Clearly
1y ago
  We kick off the year by taking a close look at something that everyone should really know about when buying (most) insurance policies. This knowledge could be the difference between a successful claim – or a disappointing rejection. Let’s go!   What is a Waiting Period?   A waiting period is the minimum period that an insured must wait before some (or all) of their policy benefits come into effect. Should there be a claim made before the waiting period is up, the insurers may reject the claim outright. If this is the first time you have heard of this term, fret not – most peop ..read more
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Cancer Drug List Explained: What it is and How you can prepare yourself
Clearly Surely Blog
by Clearly
1y ago
There is no denying it: Cancer is expensive   More accurately, Cancer Treatment is expensive, and it is fast outgrowing the cost of all other drugs. The MediShield Life Council, a group responsible for managing a healthcare insurance program in Singapore, has informed the Ministry of Health that cancer drug spending has been increasing at a rate of 20% per year, while spending on other drugs has only increased by 6%. Additionally, the number of cancer patients seeking treatment has increased, resulting in a more than 50% increase in payouts for outpatient cancer treatments, from $109 mill ..read more
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7 Reasons Why Financial Literacy is Important
Clearly Surely Blog
by Clearly
1y ago
[This is a Guest Post] Do you feel overwhelmed with financial information? Are you confused about how to invest your money? It doesn’t matter whether you’re rich or poor, educated or uneducated, young or old – everyone needs to learn how to manage their finances. If you’ve never learned how to manage your money, then you’re missing out on opportunities to save thousands of dollars each year. I’ll go over seven reasons why financial literacy is important and explain why you should learn about personal finance. Keep reading.   What Is Financial Literacy?   Financial literacy is the abi ..read more
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How to commit fraud wearing T shirts and shorts: A Case Study of FTX (Part 2 of 2)
Clearly Surely Blog
by Clearly
1y ago
In Part 1, we covered how Futures Exchanges are supposed to work, and how they earn their keep in an inherently risky proposition. In Part 2, we will show exactly how Sam Bankman Fried used his own exchange (FTX) to defraud billions of dollars in investor and customer funds. You may wanna sit down for this one.   We managed billions in dollars of customer funds, but we didnt need to use anything more than elementary mathematics #realtalk Here is how to commit fraud at a futures exchange   Start your own futures exchange and advertise it as safe, with standard risk-management measur ..read more
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