q Is your Life Insurance so arranged as to exempt the proceeds from the claims of creditors? Is it creditor-proof or creditor-free? And is it judgement-proof?
q Can you obtain the largest possible income for yourself from the cash values whenever desired?
q Have you definitely established with your insurance company / companies the true date-of-birth of your spouse, your children & yourself?
q Is the settlement provision flexible enough to provide adequately for emergencies and would a common disaster jeopardise your children’s interests?
q Are all nominee(s)’ designations correct & complete and if your children are the nominee(s), are they all being included?
q Should your nominee(s) be updated due to new family circumstances?
q Will the proceeds from your Life Insurance be subjected to probate delays & expense?
q Will your estate expenses be properly & speedily liquidated if you have minors?
q Will your future grandchildren share equally in your estate?
q Are the nomination clauses so arranged as to accomplish the greatest good with the least possibilities of your wishes being violated?
q Is your spouse guaranteed the most favourable income from your Life Insurance proceeds and have your EPF benefits been co-ordinated with your Life Insurance?
q Have you got a clearer mental picture of the extent to which your Life Insurance will provide income?
q Are there possibilities that your spouse may outlive the income provided?
q Have your Life Insurance policies been arranged to guarantee an income for your children’s college or future education?
q Is a cash fund provided for your spouse’s last expenses?
q Have your taken the full advantage of the present possible tax exemptions?
q Are your retirement income policies so arranged as to give your spouse, if he or she outlives you, such income advantages as you would want for yourself?
q Can any savings be accomplished by changing the frequency of payments in your present plan and have you made your Life Insurance policies lapse-proof?
q What non-forfeiture option is now provided? Would a change or an update be beneficial?
q Might the proceeds of your Life Insurance be subject to taxation if you pre-decease your spouse?
q Is the plan of distribution of your Life Insurance co-ordinated with that of your general property?
q Recognising the difference between incomes arrangements allowed by different companies, have you chosen those most advantageous for your own use?
q Do you now own a sub-standard policy (for e.g. policy that is rated with extra premium)? If so, do the conditions that caused the extra rating still exist?
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