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17/12/2004

 

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Getting Started – Indicating My Priorities

 

It would be easier for you to make realistic financial goals if you identify your priorities.

Make sure you review your Priorities List regularly especially at different stages of your life, and every time your family circumstances change. These include events such as starting work, getting married, buying a home, making an investment, having children or reaching retirement.

INDICATE YOUR PRIORITIES BY TICKING THE APPROPRIATE BOX

 

 
Low
High
Medium
Protect family assets against
premature death or disability
Protect family income against critical illnesses
Provide cover for hospitalisation expenses and critical illness expenses
Provide cover for old age disabilities
Save for children's education
Provide for retirement
Save for short-term goals
(3 - 5 years, e.g to buy a new car)
Save for medium-term goals
(6 - 10 years, e.g to reduce mortgages)
Estate Planning

Make sure you review your Priorities List regularly especially at different stages of your life, and every time your family circumstances change. These include events such as starting work, getting married, buying a home, making an investment, having children or reaching retirement.

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Last modified on 3/5/2007  
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