Hi all, would you mind to share how much you all spent on insurance for your kids and yourself and what is the coverage . thanks

Hi there. I don't really think any sharing on this will really help u because every family financial situation is different - how much income, what liabilities, how many pple are depending on the income, how much saving and investment and what is ur risk appetite. Most basic - everyone should have a hospital plan (go for the highest grade u can afford because in the future it's much easier to downgrade than upgrade) - ntuc is cheapest but every company have diff features and caps If ur husband got serve NS, get the SAF term insurance and add all of u in it and add on critical illness cover if possible. It is the CHEAPEST insurance around. Do note that term insurance has no cash value when u cancel or when it is used up If can afford and if u prefer to then get life insurance for everyone. Many companies - u can't compare finish and there isn't the best - just the most suited. Compare 2-3 and choose will do U shld have emergency funds to last all expanditure for 3-6 months minimum should any unforeseen happen to the person bringing in the income. If u have this then life insurance and savings or investments can be discussed. I was in this line previously. Talk to a financial consultant and go deep. No use asking here. Other pple decisions and opinions are not related at all