A record shows that people in Singapore with lesser responsibility and living a relatively risk-free lives tend to assume that they do not need any life coverage. On the other hand, only those paying higher mortgages and those with dependant children and other family members tend to have the highest financial protection levels in the form of personal insurance.
Singapore Life Insurance
Experts say that regardless of whether you fall under any of these categories, it is highly important that you should insure your life. Even if you are a single person without any dependents or family members, this type of coverage will be helpful to your neighbors at least to meet your funeral expenses.