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UNDERSTANDING LIFE INSURANCE (WORKSHOP)

OBJECTIVES

Learn how to assess your life insurance needs. Understand the benefits, limitations and costs involved in the various types of life insurance policies. Find out about Direct Purchase Insurance (DPI). Select life insurance policies according to your financial goals.

COURSE OUTLINE

  • Understanding term, whole life, endowment and investment-linked products
  • Understand how different types of products are used to meet financial goals
  • Reviewing your insurance needs and assess if you have sufficient insurance
  • Understanding your insurance documents
  • Using compareFirst to select a suitable insurance product
  • Considerations when meeting up with your Financial Adviser and knowing your rights

WHO WILL BENEFIT?

Those who want to understand the types of life insurance products from a non-sales perspective and want to be able to make a more informed decision when choosing a suitable product for themselves.

Those who want to understand their insurance policies and to be able to assess if they have sufficient life insurance.

Recommended Duration: 3 Hours


TYPES OF LIFE INSURANCE (TALK)

OBJECTIVES

This talk aims to help you understand various types of life insurance, namely; Term, Whole Life, Endowment and Investment-Linked Products. You will gain an insight into their features, benefits and cost and how they are used to meet various financial goals.

COURSE OUTLINE

  • Understanding term, whole life, endowment and investment-linked products
  • Understand how different types of products are used to meet financial goals
  • Interpreting your insurance documents
  • Considerations when meeting up with your Financial Adviser and knowing your rights

Duration: 1 Hour


ASSESSING YOUR INSURANCE NEEDS (TALK)

OBJECTIVES

Learn how to use a calculator to assess how much insurance you need, the considerations in selecting a suitable insurance product and the alternatives to insurance to meet your financial goals. You will also learn how to use the web aggregator, compareFIRST to compare and select insurance products.

COURSE OUTLINE

  • Reviewing your insurance needs
  • Choosing suitable insurance products to meet your needs
  • What is DPI
  • How to use compareFIRST
  • Considerations when comparing insurance products

Duration: 1 Hour


Who Should Attend?
Those who want to understand the types of life insurance products from a non-sales perspective and want be able to make a more informed decision in choosing a suitable product for themselves. Those who want to understand their insurance policies and be able to assess if they need more life insurance.