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INSURANCE
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January14
The start of a new year is a good time to reassess
the important issue of insurance and how well you
and your family are covered. With this in mind, we
chatted with British expat and financial planner
ANDREW TALBOT, whose job at Globaleye
includes dispensing insurance advice.
of a disability due to illness or accident,
while a medical insurance plan will pay
just for the hospital bills.
Critical illness cover provides a lump
sum payment on diagnosis of a critical
illness. In general, if something terrible
happens, expats tend to leave Singapore
and return to their home countries; the
money provides the ability to do that and
peace of mind about finances.
Any other advice about insurance
or financial planning?
Ou r p roces s i s based on t he
internationally recognised certified
financial planning certificate. A lot of
this is common sense, though: save
for future events and make sure your
protection is adequate; and don’t risk
a lot for a little.
What does your job entail on a
day-to-day basis?
A lot of paperwork! The financial
services industry is dominated by it.
In the modern era, and especially in
Singapore, there is a huge number of
regulations to follow for the advice you’re
giving to be compliant. But it’s a very
positive development, and it ensures
that only the best possible advice is
given to clients here.
As a financial planner, I give advice
to a predominantly expat audience, on
areas including mortgages, insurance,
retirement, education fees and tax.
The services can be quite broad and it
depends what each individual is looking
for. Based on specific requirements
and areas of concern, I provide tailored
strategic advice and direction.
What do you like to do outside of
work?
I’ve got a 20-month-old daughter, so
after playing football as much as I’m
allowed, most of my time is spent on
family-related activities.
Where has your expat trail led you?
I was in Kuala Lumpur for three years
before living here for the past four. I prefer
Singapore; it’s a more dynamic and
advanced city with a better quality of life.
What do you miss about the UK?
The change in seasons! Nothing beats
sitting by a roaring fireplace in an
English country pub with a good pint
of local ale.
Any New Year’s resolutions?
It’s been a while since we’ve been skiing
and snowboarding, so it would be good
to build them into the travel plans.
globaleye.sgWhat course of action would you
recommend for a complete overhaul
of insurance cover for 2014?
We have a number of free e-guides on
our website which show you where to
start and the types of cover available. We
also have financial calculators to help
you understand the amount of cover
you require. Just as importantly, make
an appointment with us!
Many Expat Living readers run
small businesses. Can Globaleye
help with the commercial side of
insurance?
We do put into place insurance for
the key people in a business; this is to
protect the business should something
happen to them. There’s also shareholder
protection for businesses with partners or
a small number of shareholders that can
protect a family’s interest in its business.
Your company’s personal
insurance options include income
protection and critical illness
cover. Can you run us through the
basics of those?
Income protection will provide an
income to cover expenses in the event
COVERED
ARE YOU
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