Can You Recover From Life’s Biggest Setback? | DollarsAndSense Podcast Ep54

Having insurance does not automatically mean you are adequately protected.

A serious illness, accident, loss of income, or unexpected family situation can change your finances overnight. The key question is whether your coverage can support you and your dependants when it matters most.

Recorded on-site at InsureXpo by CIMB 2026, host Deanna Lim and Helen Shen from Singlife discuss common protection gaps in Singapore, why insurance should work alongside wealth building, and how caregiving for ageing parents can create both emotional and financial strain.

Helen also shares how to review multiple policies, understand exclusions, and build protection step by step even on a tight budget.

In this episode, we explore why people delay protection planning, the false sense of security from simply owning policies, and how a parent’s health crisis can impact the whole family. We also cover key questions to ask your adviser, the importance of reviewing older policies, sufficient medical and hospitalisation coverage, and how insurance supports long-term financial resilience. Finally, we discuss how to start small and three simple protection checks to do this year.

The goal is not to own more policies, but to ensure your coverage matches your life stage, responsibilities, and financial priorities.

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Co-host: Deanna Lim https://www.instagram.com/deedeelsm?utm_source=ig_web_button_share_sheet&igsh=ZDNlZDc0MzIxNw==

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