Types of Life Insurance

Find out about the importance of Life Insurance and select suitable plans for your needs.
Rating: 4.2 out of 5 (1,112 ratings)
11,897 students
Types of Life Insurance
Rating: 4.2 out of 5 (1,112 ratings)
11,897 students
Understanding Insurance
Reviewing The Amount Of Insurance Needs
Comparison Of Bundled And Unbundled Life Insurance Products
Strategies In Selecting The Type Of Insurance

Requirements

  • nil
Description

In this course, we will learn about the purpose of insurance and how we can go about determining our insurance needs. We will learn how to compare between different life insurance products and learn strategies in selecting the right types of insurance for our needs.

Different types of Life Insurance policies are covered:

  • Term Insurance
  • Whole Life Insurance
  • Endowment Insurance
  • Annuities
  • Investment Linked Insurance
This course will help you select the right type of life insurance policies based on your needs.

Who this course is for:
  • working adults
Course content
5 sections • 24 lectures • 1h 15m total length
  • Life Insurance In A Nutshell
    02:28
  • Basics of Life Insurance Introduction
    00:59
  • MoneySENSE Core Financial Capabilities Framework
    01:34
  • The Importance Of Insurance
    03:08
  • Understanding Insurance
    00:42
  • Assessing Your Insurance Needs
    02:05
  • How Much Insurance Is Enough?
    02:49
  • How Much Insurance Is Enough? A Calculation Example
    04:15
  • Comparison Of Types Of Insurance
    08:42
  • Types Of Insurance
    00:48
  • Term, Whole Life, Endowment Insurance and Annuities
    06:58
  • Text: Term, Whole Life, Endowment Insurance and Annuities
    05:28
  • Investment-Linked Insurance Policies (ILPs)
    05:48
  • Text: Investment-Linked Insurance
    02:33
  • Interpreting Your Insurance Document
    00:38
  • Text: Interpreting Your Insurance Document
    02:39
  • Strategies In Choosing Insurance
    03:19
  • Text: Strategies in Choosing Insurance
    02:23
  • Insurance Case Study
    03:04
  • Case Study 2 - Savings Example
    08:19
  • Questions To Ask Yourself
    03:16
  • Summary of Life Insurance Products
    00:31
  • Conclusion
    01:20
  • Quiz on Basics Of Life Insurance
    3 questions
  • Additional Resources
    01:40

Instructors
Financial Literacy Trainer
Ferris Wee
  • 4.2 Instructor Rating
  • 3,770 Reviews
  • 56,461 Students
  • 7 Courses

Ferris Wee

BA (Hons) Business and Finance

Ferris Wee is a qualified Financial Planner, and through his previous workplace, a global financial services company, he has helped more than one hundred clients with his clear process in reviewing their financial needs. Specifically, he has helped clients to identify their goals and ensure that they make the right choices to meet those goals today, tomorrow and in the years to come.

Ferris is passionate about leading people beyond financial breakthroughs, and has conducted financial literacy training in Singapore and Indonesia, as well as sports camp training for youths in India. Ferris is also an experienced financial counselor, helping many people manage their budget to meet their financial responsibilities.

Ferris is a Certified Will Writer, and has provided Professional Will writing, estate planning and custody services. He is also an Associate Estate Planning Practitioner.

Prior to his career in financial planning, Ferris was with the Republic of Singapore Air Force working on budgeting, logistics, maintenance and overseeing safety issues. For his strong leadership qualities, Ferris received the Outstanding Safety Warrior Award.

Ferris has a BA (2nd Class Upper Honours) specializing in Business and Finance. He also holds industry certifications in M5, M8, M8A, M9, M9A, HI, BCP and PGI.

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  • 4.1 Instructor Rating
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The MoneySENSE-Singapore Polytechnic Institute for Financial Literacy is a collaboration between MoneySENSE, the national financial education programme in Singapore and Singapore Polytechnic.

MoneySENSE is spearheaded by the public-sector Financial Education Steering Committee which comprises representatives from the Ministry of Health, Ministry of Social and Family Development, Ministry of Education, Ministry of Manpower, Central Provident Fund Board, Monetary Authority of Singapore, National Library Board and People’s Association.

Our financial education courses cover basic money management, financial planning and investment know-how.