When the topic of insurance comes up, people often either cringe or avoid the discussion altogether because it is perceived as a huge long-term financial expense. Sometimes, it is even perceived as a con-job or simply ‘far too complicated’. Why is it that although we are open to contemplating a LPA or a living will as options to end our lives, we do not capitalize on the features and benefits that insurance provides to give us financial resources to live our last days with dignity? Perhaps we know we need it but for some reasons we are just dragging our feet about it…
Expect the talk to be interactive and to be directed to answering the following questions:
- Who gets my insurance monies when I die?
- How can I make sure that my claims are approved?
- What kind of insurance should I look at?
- How can I decide how much is enough?
- Where and how should I get the insurance I want?
- How often should I look at my insurance portfolio?
- What the insurance people are not telling me?
- How does it really work?
The 2nd part of the talk will be on Lasting Powers of Attorneys (“LPAs”):
- Brief overview of Powers of Attorney, Wills and LPAs, and how they differ
- What is a LPA, the statutes and government bodies that govern the same
- Why is a LPA relevant to us, regardless of age
- What happens if we do not have a LPA and we lose our mental faculties
- How to go about getting a LPA executed;
- Parties to a LPA – Donor, Donee, Substitute Donee, Authorised Person
- Considerations when drawing up a LPA
- Registration with the Public Guardian Office.
Speaker’s Profile – Stephanie Hong
Stephanie is one of the founding Directors of Lexton Law Corporation. She graduated with 2nd Class (Upper) Honours in Law from the National University of Singapore and has been a practicing lawyer, engaged in both contentious and non-contentious legal work, since 1996.
Her practice areas include (a) transactions in the conveyance of real estate and advice in relation to securities and disputes arising thereto, drafting and negotiations of leases, (b) civil and commercial litigation and advisory work in relation to various disputes including contractual and commercial disputes, employment, breach of confidentiality and trade secrets issues and tenancies/licenses-related disputes, and (c) matrimonial, family & probate practice including advising on and drafting of Wills, Power of attorneys and Last Power of Attorneys.
Speaker’s Profile – Sim Wei Min
Wei Min has spent more than 15 years assisting people from all walks of life with their insurance needs and retirement planning. She started her career at Prudential Assurance Company, qualifying as the top 100 advisers in the leading insurer before she left to join ‘newest kid on the block’ in Singapore life insurance industry last year.
Wei Min has also conducted insurance talks and course for various organizations and groups of clients. One of her course participants, Corinna Lim, Director of AWARE said this of her, “Wei Min is a very engaging and charming trainer, and I think people really enjoyed her relaxed style and her disarming honesty. Plus great content!”
Date: 21st September, Saturday
Time: 3pm – 5pm
Fee: Free for Member and 1 Guest. Subsequent guest is charged at $5 per pax.
Venue: Chinese Success Media (inside action room), Bain Street #04-41, Bras Basah Complex, Singapore 180231