The Pros & Cons of Trust Nomination

I had recently wrote about the advantages  as well as the importance of making an insurance nomination. The policy owner can choose to make a trust nomination or revocable nomination if he/she wants to decide who to receive the insurance payout. When the policyowner make a trust nomination, sometimes referred as Section 49L, he lose… Read More

Mortgage Insurance (Home Protection Scheme)

The properties in Singapore are purchase with two types of ownership if there are more than one owner . The property will be either under joint tenancy or tenancy-in-common. In a joint tenancy, the owners have equal share of the property. The ownership of the property will be automatically passed on to the surviving co-owners… Read More