SJP Safeguarding your family
Family wealth management solutions.
Our families are our anchors in tough times. Our homes are our sanctuaries, our elders are compasses to help guide us through. And our children are our greatest treasures. We may be spread across cities, countries or continents, or lead very different lives, but our families unite us. That’s why protecting our loved ones is a cornerstone of our financial advice.
Five important financial planning questions to ask
Do you worry about how you or your family would cope financially, if you were facing a sudden, unexpected accident, an illness or medical emergency, or even death?
We may find it difficult to face these possibilities, yet we probably all know a family who has found themselves in difficult circumstances.

Take a moment to think about these questions:
- Would you have enough money to maintain your current lifestyle, if you were unable to work, or your main income stream dried up?
- If you have a joint debt such as a mortgage loan with your partner, could he or she keep up with the payments on their own?
- Would your children be taken care of well into adulthood, be able to continue with their education and realise their dreams, if you were no longer around?
- If you’re not living in your home country at present, is your current home properly protected?
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If you’re a business owner, would your business stay afloat if you couldn’t work for a while?

The cost of living for families in Singapore continues to soar
The cost of living in Singapore is exceptionally high. And it’s still rising.
A lump sum pay-out upon death, illness, or disability, or an income if you are unable to work will help maintain your family’s standard of living and leave your loved ones with one less thing to worry about while they’re dealing with the situation.
Investing in your children’s education
The average student faces a funding gap of US$18,590 and 83% of students are juggling work and study.
While 68% of parents believe in investing in their child's university education*, it’s an expensive business, and can mean making personal sacrifices if you want to afford the best.
We understand that funding your children’s university education can have a big impact on family finances and financial wellbeing, even in the good times. But if something were to happen to you, such as an accident or serious illness, the unexpected loss of income could put your children’s educational funding at risk. Do get in touch with us if you want to find out how you can protect your children’s education – and give them the best start in life.
*Source: HSBC Global Report, The Value of Education, 2018

Protect your family when living abroad
If you’re an expatriate residing outside your home country, it’s worth checking if your existing insurance policies are still valid in your current location.
Not all expats realise that their existing insurance may not cover them overseas, or the terms and conditions be different. You may need to alter existing policies or take out a different plan to make sure you and your family are protected. Even if they’re unchanged, it may be worth exploring additional cover for other liabilities that you may need with our financial advisors.
Your business decisions impact your family too
As a business owner, you will have invested time and effort putting the best team together to ensure the business runs smoothly.
Key people who have in-depth technical or specialist knowledge, a significant network of contacts, or perhaps bring in most of the sales.
Losing one of those key members of staff can have a substantial impact – not only on your business finances, but on your family’s income too.
Insuring yourself against this risk can reduce the financial impact of losing a key person, whatever the circumstances. Our shareholder or partnership protection can be tailored to fit your needs and protect your family and your business.

Bespoke financial protection advice
You can count on our advisors for bespoke financial protection advice.
Our financial advisors make tailored recommendations after considering your personal circumstances and needs. Some of the more popular family protection solutions are described below.
- Term protection for families
Your family would receive a lump sum of money in the event of death, or total and permanent disability. This is an affordable type of protection that is typically used when covering a financial liability.
- Health insurance for families
Health insurance could cover some, or all, of your medical bills. Depending on the level of private cover, you get access to more medical resources, wait less time for surgery or treatment, and are able to choose from a wider range of specialists.
- Critical illness cover for families
Critical illness cover can help ensure that your household bills are still paid, and your income is protected if you should suffer a critical or life-threatening illness and be unable to work.