Essays on Term Insurance

Q1 (a) Cash Flow Statement for the period 1 Jan 2015 to 31 December 2015

The missing/modified figures (as shown in yellow in the cash flow statement) are calculated as follows: Employment income, Keaton, Given, Gross Salary and Bonus= $120,000.00

Alyssa,

Given total salary and bonus=$64,800

Half paid in Aus and half in Singapore,

Thus her Salary and bonus paid in Singapore=$32,400

Employer’s CPF contribution,

Keaton- 37 % of 120,000=$44400 Alyssa- 20% of $32,400=$6480

Dividend and rental income

Dividend – Keaton-No dividend in 2015 Alyssa, $689 in 2015 Rental income Keaton and Alyssa combined rental income for property in Singapore registered under joint tenancy agreement is $3,050 per month or $36600 for the year.

The portion of CPF and cash used for the housing installment is as mentioned below.

Total housing installment =$4099

Keaton:

Total monthly income=$10, ...

Through: The Director of Long Term Care

After spending some time with the organization and establishing the challenges that the elderly population face, I have realized that it is important that the organization should ensure that every employee should be enrolled into the Long-term care insurance now. The longer the time people spend to delay their planning for long-term care until they are out of the workforce and are facing challenges of old age and declining health, the higher the chances of finding such options severely constrained. Even though some decisions might be put on hold until later in life, maybe when people are in their ...