Short answer
Ask what is guaranteed and what is only projected, what it costs each year, what you would get back if you stopped in the early years, and what the illustrated rates assume. Get the answers in writing, compare them with your own goals, and check that your adviser is licensed.
Questions that decide most of it
- Which figures in the illustration are guaranteed, and which are only projected?
- What is the total annual cost, including fund and policy charges?
- What would I get back if I stopped in year 1, 3 and 5?
- What rates does the illustration assume, and what does it show at the lower rate?
- Is there a paid-up or reduced-cover option, and how does it work?
- How long is my money tied up, and what are the exit costs?
Use the numbers
The illustration checklist walks through the points to check, and the analyser turns your illustration into a plain summary with questions worth asking your adviser.
Check who you are talking to
Financial advisers in Singapore are regulated by the Monetary Authority of Singapore (MAS). You can look up whether a person or firm is licensed in the MAS Financial Institutions Directory before you share personal details.