How close is my current estate plan from being truly comprehensive? In this write-up, I’ll share 5 main factors to consider to assess if your estate plan is truly comprehensive. They

Insurance

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Who Shall Benefit from My Insurance Policy if No Nomination is Made?

Here is a case study: Let’s say, we have Bill, a 45-year old sales manager based in Penang. At present, Bill is married to Kate and they have Linda, their 10-year

Is it Sufficient to Use Life Insurance Policies as Your Only Estate Planning Tool?

The following are common questions that I received on estate planning: 1. I am servicing a few life insurance policies. Do I need to write a will? 2. I have already written

by Jocelline Chee

Insurance

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5 Limitations You Need to Know about Insurance Nomination in Malaysia

Question: Hi, I’m Alan, a 37-year old engineer based in Kuala Lumpur. I’m married to Abby, my wife and together, we have two children aged 3 and 5 presently. Here, in

Should I Nominate my Kid as Beneficiary of Life Insurance Policy?

It is a good idea to buy a life insurance policy for your children to protect their financial future. But it may not be a good idea to nominate your

How to Create RM 800,000 in Additional Unfrozen Estates With the Power of Life Insurance and Living Trust?

Question: Hi, my name is Wong. I’m 55 years old and I have just retired. As I write, I have amassed RM 1 million in EPF and RM 500,000 in cash savings. I

Can Your Wealth Last Three Generations?

There is a popular Chinese saying, which is: ‘富不过三代’. It literally means ‘Wealth does not last three generations and beyond’. The logic behind this stigma is illustrated with the first generation

Nomination of Life Insurance Policy to Girlfriend

Question: I had a relative. His name was Fred. He passed on lately due to an accident. During his funeral, Jackson, our friend who serves as Fred’s insurance agent was present and

2 Blind Spots that Married Couples Overlooked When Leaving Behind Possessions to Their Loved Ones

I’m married with kids. Who will provide for my loved ones if I pass on prematurely? The above question is valid and honestly speaking, I began to have this thought only after

Should I Nominate My Wife and Co-Investors as Beneficiaries to Our Investment Properties in My Will?

Question: Hi, I’m Cyrus, a 40-year old property investor based in Cheras. Together with Lee Ling, my wife, we have eleven properties valued at RM 5 million in our portfolio. Here

by Jocelline Chee

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