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How much life insurance protection do you need?
Single adult with elderly parents to support
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Factors to consider
Amount
3
Annual income
S$60,000
Annual expenses
1
S$21,000
Annual medical expenses for Zhen Choo
S$2,000
Number of years to provide financially for dependants
2
(Parents)
21 years
Estimated level of life insurance protection
S$497,000
Examples refer to estimates only and are purely for illustration purposes.
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