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 (1,160 ratings)
12,294 students
Types of Life Insurance
Rating: 4.2 out of 5 (1,160 ratings)
12,294 students
Understanding Insurance
Reviewing The Amount Of Insurance Needs
Comparison Of Bundled And Unbundled Life Insurance Products
Strategies In Selecting The Type Of Insurance


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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
  • Basics of Life Insurance Introduction
  • MoneySENSE Core Financial Capabilities Framework
  • The Importance Of Insurance
  • Understanding Insurance
  • Assessing Your Insurance Needs
  • How Much Insurance Is Enough?
  • How Much Insurance Is Enough? A Calculation Example
  • Comparison Of Types Of Insurance
  • Types Of Insurance
  • Term, Whole Life, Endowment Insurance and Annuities
  • Text: Term, Whole Life, Endowment Insurance and Annuities
  • Investment-Linked Insurance Policies (ILPs)
  • Text: Investment-Linked Insurance
  • Interpreting Your Insurance Document
  • Text: Interpreting Your Insurance Document
  • Strategies In Choosing Insurance
  • Text: Strategies in Choosing Insurance
  • Insurance Case Study
  • Case Study 2 - Savings Example
  • Questions To Ask Yourself
  • Summary of Life Insurance Products
  • Conclusion
  • Quiz on Basics Of Life Insurance
    3 questions
  • Additional Resources

Financial Literacy Trainer
Ferris Wee
  • 4.1 Instructor Rating
  • 3,921 Reviews
  • 57,462 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.

Unbiased Financial Education Courses
Institute for Financial Literacy
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  The Institute for Financial Literacy is a collaboration between MoneySense and Singapore Polytechnic Enterprise. 

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