Taking over an insurance policy? Avoid these mistakes

Many people assume the insurance plans their parents bought years ago are still enough today — but that may not always be the case. On the Money Talks podcast, Life Insurance Association Singapore's Chan Wai Kit joins Andrea Heng to unpack the common mistakes people make with inherited insurance coverage and why reviewing your protection needs matters as life changes. He breaks down: - Why some people cash out inherited policies too quickly - The risks of assuming you’re fully covered - How lifestyle expectations and income changes can create protection gaps Subscribe to our channel here: https://cna.asia/youtubesub Visit our website: https://cna.asia Download our app: https://cna.asia/app Get our editors' picks of stories via chat apps: Telegram: https://cna.asia/telegram WhatsApp: https://cna.asia/whatsapp Follow us on these platforms: https://www.facebook.com/channelnewsasia https://www.instagram.com/channelnewsasia https://www.tiktok.com/@channelnewsasia