Insurance

4 Exciting Ways Insurance at FSMOne Makes Your Life Better

Explore how Insurance at FSMOne makes getting the protection you need easier, more affordable, and convenient. Get a greater peace of mind today!

  • iFAST Insurance Team
  • |
  • Published on 09 Dec 2016

#1 Full Transparency on Fees

Here at FSMOne, we believe in being fully transparent with fees and commissions. Historically, insurance products tend to have opaque commission structures, where clients are at the mercy and good will of their agents and bankers recommending them the best and most suitable products for their needs. However, we found that advice tends to be skewed towards higher paying commission products, which may not be the best option for clients to utilize.

By being fully transparent with fees, we can help clients make better and more informed decisions about their financial future. When you are planning to protect your family's financial well-being, you will want to be absolutely sure that your interests are truly aligned.

On FSMOne’s pricing structure page, our clients enjoy a clear 30% to 40% rebate on total commission received across all life insurance products (up till the 6th commission paying year).

(See "Hidden Secrets Revealed – How Your Banker Is Trapping You!")

#2 Huge Savings on Commissions

High commissions and difficult to understand insurance information makes it hard for anyone to make a well-informed decision. This is especially so when you are relying on your agent or banker to recommend the best insurance coverage for your needs. With FSMOne's insurance commission rebate structure, clients get to enjoy more affordable insurance coverage and focus on getting their protection needs properly covered.

Some examples of the savings you can enjoy through FSMOne:

Product
Sum Assured
Premium Term
Annual Premiums Paid
Estimated Total Commission Received from Insurer
Savings You Get Through Insurance at FSMOne (30%)
Term Life
$600,000
35 years
$1,607

$2,089

approx. $1,100 first year commission

$600
Critical Illness Plan (Whole Life)

$100,000

with Minimum Protection Benefit of 200,000 till age 65

20 years, covers for whole life
$4,378

$5,692

approx. $3,100 first year commission

$1,700

*Assuming male, age 35, non-smoker, for illustrative purpose only.

**Updated to latest commission structure as of 8 Dec 2016

(See "3 Terrifying Facts About Critical Illness, You (Probably...) Didn't Know", and "To Your Insurance Agent, You Are Just a $4,000 Cash Cow!")

#3 Consolidate Your Insurance Policies

Ever forgotten what insurance policies you have bought over the years? With FSMOne's consolidated holdings page, you can view your insurance policies all from the comfort and convenience of your own home or office.

New holdings page with insurance protection purchased through FSMOne:

Sample policy details:

#4 Friendly Advisers to Help Make Your Life Easier

With the latest offering and updated FSMOne platform, we can do everything your insurance agent and banker does. At FSMOne, we are here to walk with our clients through their life's journey. With the embracement of technology, we are able to offer you our suit of services with interests that are aligned with you.

Our team of friendly advisers are able to help you review your financial objectives, long term commitments, and customize investment and insurance advice specific to your needs. If you would like assistance in reviewing your financial and protection portfolio, or simply to get a quote for an insurance plan, you can contact our advisers at advisory@fundsupermart.com.

Available Products on Insurance@FSM

Term Life, Whole Life, Critical Illness, Annuity, Health, Endowment


from Manulife, NTUC Income and Tokio Marine Life Insurance


*Please check with our advisory team if the product you want is available on Insurance at FSMOne


Interested to learn more? Check out these articles:

Bank’s Big Upfront Payment from Exclusive Distribution, Are You Worse Off?

Would You Ever Try Bungee Jumping… Without a Rope?

Key Considerations When Buying an Insurance

Why Insurance

All materials and contents found in this site are strictly for general circulation and informational purposes only and should not be considered as an offer, or solicitation, to deal in any of the funds or products found/identified in this site. While iFAST Financial Pte Ltd ("IFPL") has tried to provide accurate and timely information, there may be inadvertent delays, omissions, technical or factual inaccuracies and typographical errors. Any opinion or estimate contained in this report is made on a general basis and neither IFPL nor any of its servants or agents have given any consideration to nor have they or any of them made any investigation of the investment objective, financial situation or particular need of any user or reader, any specific person or group of persons. You should consider carefully if the products you are going to purchase are suitable for your investment objective, investment experience, risk tolerance and other personal circumstances. If you are uncertain about the suitability of the investment product, please seek advice from a financial adviser, before making a decision to purchase the investment product. Past performance is not indicative of future performance. The value of the investment products and the income from them may fall as well as rise. Opinions expressed herein are subject to change without notice. In respect of any matters arising from, or in connection with the said research analyses or research reports, recipients of the report are to contact IFPL at 10 Collyer Quay, #26-01 Ocean Financial Centre Building, Singapore 049315, or by telephone at +65 6557 2853. Where the report contains research analyses or research reports from a foreign research house and if the recipient of such research analyses or research reports is not an accredited investor, expert investor, institutional investor or an ex-accredited investor, IFPL accepts legal responsibility for the contents of such analyses or reports to such persons only to the extent as required by law. Please note that only certain security(ies) herein are available to all investors, while the rest are only available for certain persons to invest in, such as Accredited Investors (as defined in the Securities and Futures Act) or one who invests at least S$200,000 (or its equivalent currency) per transaction. To qualify as an Accredited Investor, one needs to submit a declaration form and certain relevant supporting documents, according to iFAST’s prevailing policies and procedures.

Please read our full disclaimers on the website at ( https://secure.fundsupermart.com/fsmone/policies/328125/investment-account-terms-&-conditions).

iFAST Financial Pte Ltd (IFPL) (registered address: 10 Collyer Quay #26-01 Ocean Financial Centre Singapore 049315, Telephone: 6557 2000) holds the Financial Advisers Licence issued by the Monetary Authority of Singapore ('MAS') to conduct regulated activities of advising on securities, marketing of collective investment schemes and arranging of any contract of insurance in respect of life policies, other than a contract of reinsurance and the Capital Markets Services Licence issued by the MAS to conduct regulated activities of dealing in securities and providing custodial services for securities. While IFPL has made every effort to ensure the independence of the report's contents, IFPL's nature of business is such that IFPL and its connected and associated entities together with their respective directors, officers and staff may be involved in providing dealing or investment-related services in the abovementioned securities, and have taken or may take positions in the securities mentioned in this report, and may also act as the principal for any buy or sell trades.


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