Estate planning should take place at least once a year or if there is any changes to your circumstances. This means sitting down and reviewing the previous plan to make any alterations based on income growth or asset acquisitions, changes to you marriage status or regime, changes to your heirs like additional kids, weddings or even passing of a heir etc.

• A tied advisor is affiliated with a specific company or product provider and may have incentives to recommend those products only.

• An independent advisor isn’t tied to any provider, allowing them to offer a wider range of products tailored to your needs. This status is typically disclosed in their introductory materials.

A late-joiner penalty applies to individuals aged 35 or older who didn’t belong to any medical scheme before 1 April 2001 and had no coverage lapses longer than three months since then. It’s added to the monthly premium and continues indefinitely.

It's essential to review the scheme rules or summaries and consult your broker. You need to choose based on your healthcare needs and affordability.

Yes. Even low-value vehicles need at least third-party liability cover. Repair costs or liability claims can easily exceed the car’s value, especially if the damage affects newer vehicles or involves other parties.

• Savings are low-risk, offer guaranteed capital, and are easily accessible—ideal for short-term goals like a holiday fund.

• Investments, however, aim to build wealth over time, carry higher risk, but offer better potential returns. A diversified portfolio (e.g., stocks, bonds, unit trusts, property) helps spread risk and improve long-term outcomes.

• You can hold multiple life policies (e.g., a group policy from your employer and your own personal policy), provided there's an insurable interest. Beneficiaries may claim from each policy. Be aware that some insurers may reduce payouts if you have multiple overlapping policies, so check your provider’s rules.