LWL Legacy Planner

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LWL Legacy Planner The information provided is for general information only and does not constitute financial advice. You are advised to seek professional assistance.

LWL Legacy Planner- more than a Will, more than a Trust - is an initiative aiming to help families protect what they’ve built, structure wealth responsibly, and pass down not just assets—but values and peace of mind. While we have taken care to check the source of the information, we cannot guarantee that the information is accurate, complete or will suit your individual financial needs. Some of the contents pertain to information or services from a person or company and is unrelated to Manulife Financial Advisers Pte Ltd (“Manulife FA”). For the avoidance of doubt, such information or services are not provided by Manulife FA and is accordingly indicated.

28/09/2026

The Latest Changes On The Most Popular Illness Most People Think They’ll Never Fall Victim To

If you are concerned about cancer (whether now or in the future) then this post is for you.

In recent times, MOH has announced that they will be implementing new rules around cancer treatments and services with a new Cancer Drug List (CDL).

Here’s a summary of what you need to know.

Before I dive into the changes, here’s some information that’ll be useful for you to keep in mind.

The typical cost of cancer treatment in Singapore is about $8000 - $17,000/month (paid in cash if you don’t have insurance).

Of course, if you do have hospitalization insurance (better known as a Shield Plan + Rider), it will help alleviate most of the cost.

Here’s the thing… this is how it used to be.

Unfortunately, from 1st April 2023, the coverage is calculated differently and here’s how it's going to impact you.

Before
Shield Plan + Rider coverage used to be “As Charged” aside from the 5% co-insurance that everyone needs to pay.

After
Shield Plan + Rider coverage is now calculated as a multiplier of the numerical limit allowed by MediShield Life for each specific drug.

What Does This Mean For You?

If your treatment bill exceeds the limit then you pay the excess in cash.

If you don’t have a shield plan and its rider, and are solely relying on MediShield Life, the numerical limit is lower, meaning you have to pay even more cash.

You’ll probably have to dig into your savings, which means you’ll be depleting your hard earned assets.

If you don’t have enough cash then you’ll go into debt.

Before
ALL cancer drugs used to be covered under MediShield Life and ISPs.

After
Now, if the cancer drug that you are prescribed is not on the CDL, then you’re on your own.

What Does This Mean For You?

Assuming you don’t have any hospitalization plan at all, then you’ll have to fork out cash because MediShield Life doesn’t cover drugs not on the CDL.

If you have a hospitalization plan but you don’t have a rider, you’ll also need to be prepared to fork out cash because ISPs are paid for using Medisave, hence still bound by MOH’s rules.

Same consequence here, you’ll have to dig into your hard earned assets to pay for your treatment, and if you don’t have enough savings? Be ready to face debt.

So what now?

Step 1: Review your Shield Plan

Be sure to speak to your financial consultant to ask about the changes to your Shield Plan! It’ll be good to know the exact allowance you have for drugs listed on the CDL.

If you don’t have a Shield Plan yet, now’s the time to look into it. Unless you’re truly at peace with the possibility of going into debt…

Step 2: Riders are now your best friend!

If you have a Shield Plan already but no Rider (for whatever reason), it’s time to go get yours because Riders cover cancer drugs NOT listed on the CDL.

Reason being they are paid for in cash and have no ties to Medisave and MediShield, meaning your private insurer has full discretion to give you an annual allowance for drugs not on the CDL.

24/08/2026

The Importance of Annual Financial Reviews 🧮

Are you someone who tends to put off reviewing your financial health, neglecting those crucial 1-2 hours a year?

Well, if you answered yes, I have some news for you.

Your avoidance, driven by fear or laziness (which is completely normal, by the way), could potentially lead to severe consequences like massive hospital bills or mounting debt.

Interestingly enough, I had this realization when I found myself procrastinating on scheduling an appointment with my dentist.

The fear of pain and the anticipated bill made me push it off as long as possible. But then it hit me —

the longer I delayed the appointment, the worse the pain became when I finally had to face it.

And if I hadn't gone at all, the consequences would have been even more severe… with a bigger bill waiting for me.

If you're eager to stay on track towards your financial goals, keep reading because I'll be delving into the 3 compelling reasons why annual financial reviews are vital and why you should make time for them.

ONE: It Serves To Remind You
If you haven't looked at your policy documents for awhile, you may have forgotten where you placed them.

Sometimes we even forget what we're paying for and what we bought them for in the first place.

This is a time for you to reconsolidate all the policies you have into one place for easy access and to remind you how your policies work, so you'll remember how they're meant to serve you.

TWO: It Serves To Track Your Progress

As our lives and priorities change, our financial goals and problems do as well. A lot can happen and change in 365 days.

Our financial portfolio is meant to complement and support all our painstaking efforts in the journey to reach our financial goals.

Treat your yearly review as a time and space to acknowledge how far you've come and to figure out the improvements you can take to make your journey easier.

THREE: It Serves In Sussing Out Your Blindspots

Perhaps you haven't been saving or growing your money as fast as you had hoped, but can't figure out why.

Or maybe you still experience anxiety with regards to having enough money for this or for that.

Or maybe even, you've recently felt the pain of paying off a bill you didn't ask for.

There are many money worries we experience that have pretty simple solutions. Most times, we just can't figure out what we're really dealing with and hence, can't see the solutions.

Whatever it is, it's always better to have a fresh set of eyes look at your overall financial health and a yearly review will grant you clarity on what you can improve and give you a roadmap to lessen your worries and make your journey that much easier.

In short, it just takes a couple hours each year to make sure you're on track to reaching your goals and to pivot if you're not! Don't avoid reviewing your finances, because it's meant to help no one else but you in the long run.

********

Funnily enough, a trip to the dentist helped me realise why most people avoid reviewing their finances.

So here are 3 ways annual reviews SERVE YOU & why we should all make it a point to get it done!

Don't know what policies you have? Or just want to know if you're headed in the right direction?

DM me "REVIEW" and I'll get back to you as soon as I can 🙂

11/07/2026

What We All Got Wrong About Building A Passive Income Stream

If you’ve been keeping up with the times in today’s era of investing, I’m sure you’ve heard of a little something called passive income.

Having one or more passive income streams so that you don’t have to work…

Or at least not stay dependent on jobs that you hate.

The good news is, it’s DEFINITELY POSSIBLE..

However, the most common misconception is that it is something that can be easily achieved within a short period of time.

(It technically is if you have a million dollars in capital RIGHT NOW, but do you?)

If you don’t, keep reading, because in this post I’ll show you how you can determine how much capital you need for the passive income of your dreams and the biggest assumption you need to be aware of that can derail your entire journey.

GENERATING PASSIVE INCOME

Do you know how much is needed?
Let's assume you are looking for $500/month passive income ($6,000/year)

You can:
Draw down from your investment portfolio (by selling off a portion of your holdings regularly).

Receiving dividends (E.g. a portfolio invested in REITs usually gives an estimated 4 - 5% dividend per year)

You'll require a portfolio size of:
$6,000 / 4% = $150,000

This only gives you $500/month passive income

If you choose not to work entirely and live off passive income, for instance,

$5,000/month, you'll require a portfolio size of:
$60,000 / 4% = $1,500,000

10x the passive income, 10x the required portfolio size

THE BIGGEST ASSUMPTIONs: 1. Returns are guaranteed 2. Inflation & lifestyle will not change...

Really?

Be it capital gains or dividends, there is no guarantee that it will produce 4% consistently every year.

Inflation isn't stagnant and our lifestyles change over time, is 4 - 5% really enough?

While passive income is ideal, it:
Requires time and significant capital to leverage on the compounding effect
Risk is always present, but reduced significantly the longer your investment time horizon

ANY OTHER WAYS?
Starting a business
Takes time - Average business see success only after 7 - 10 years.
Requires capital - cash outlay to create your business (systems, prproduction etc)
Risk - Many businesses fail within 10 years

Strike Lottery/Gambling
Takes time and capital as well
Risk - Game of luck, odds of striking the grand prize is 1 in 14 million

Every avenue takes time and nothing comes easy...

Passive income is achievable, but it comes with its price.

The compound effect is not linear, it is exponential; slow at the start, but increases rapidly over time.

Until a substantial portfolio is built, our best bet is:
Be prudent in our expenditure
Increase active income
Channel disposable income to investing

We can aim to grow our portfolio more quickly by targeting capital gains (6-8%) and building a substantial portfolio value early on, especially if we have a long investment time horizon and can withstand market volatility.

When You Have a Will, You Have a SayRecently, I assisted a lady in her mid-40s with writing her Will.She is single, orig...
16/05/2026

When You Have a Will, You Have a Say

Recently, I assisted a lady in her mid-40s with writing her Will.

She is single, originally from Malaysia, and became a Singapore citizen a few years ago after building her life and career here.

Initially, she simply wanted to know whether I could help her write a Will instead of engaging a lawyer.

But as we spoke, I discovered the deeper concern in her heart.

She did not want her hard-earned assets distributed automatically under the Intestate Succession Act if something unexpected happened to her.

There were only a few people she truly wanted to bless.

Many people assume that estate planning was something only older or wealthy individuals needed to think about.

But the reality is:
When you do not have a Will, the law decides how your assets are distributed.

When you have a Will, you have a voice.
You have clarity.
You have control.

And most importantly, you have peace of mind.
Because she did not have someone she fully trusted to manage her estate matters, I recommended appointing a corporate executor and trustee to carry out her wishes professionally and objectively.

This conversation reminded me that estate planning is not about preparing for death.
It is about protecting the people we care about and ensuring our life’s work is distributed according to our intentions.

Over the years, I used to wonder:
“How large must an estate be before estate planning becomes necessary?”

Today, my answer is simple:
It is not about how much you own.
It is about whether your wishes matter to you.

If you have people you care about, assets you have worked hard for, or specific wishes you want honoured, then estate planning matters.

Do not wait until it is too late to put your intentions into writing.

A Will is not only a legal document.
It is a reflection of your values, priorities, and care for the people who matter most.

If you have been thinking about writing a Will or organising your estate, perhaps now is the right time to start the conversation.

PM me”legacy” to start the conversations going.

💡 “We don’t just write Wills. We help craft meaningful legacies.”Your Will is more than a document—it’s your life, your ...
28/03/2026

💡 “We don’t just write Wills. We help craft meaningful legacies.”

Your Will is more than a document—it’s your life, your values, and the future you want for your family. At LWL Legacy Planner, we guide you based on your life stage, aspirations, and hopes for your loved ones.

From protecting your family to passing down values, your legacy becomes a story, a purpose, and a safeguard for generations.

Start planning today—so tomorrow, your family is secure and your values live on.

📩 DM us to begin shaping your
.



Legacy is more than a Will.It’s more than a Trust.It’s about what continues when you’re no longer managing it.That’s why...
20/01/2026

Legacy is more than a Will.
It’s more than a Trust.
It’s about what continues when you’re no longer managing it.

That’s why I started LWL Legacy Planner —
more than Will & Trust planning.

Because families don’t just pass down wealth.
They pass down values, responsibility, and consequences—planned or unplanned.

My conviction is simple:
👉 Wealth should protect families, not divide them.
👉 Legacy should empower the next generation, not burden them.

This is legacy done with intention.




04/11/2025

💼 Is Keyman Insurance Really That Expensive?

Recently, I had a conversation with a business owner who told me,

“Keyman insurance is too costly — I’ll just stick to the essential general insurance.”

But could it be more costly not having it?

When a key person — the founder, partner, or top revenue generator — passes away or becomes critically ill, the impact isn’t just emotional. It can cost your business, your family, and even your fortune.

Here are 3 key benefits of Keyman Insurance every business owner should know:

1️⃣ Business Continuity Protection
Provides immediate funds to keep the business running — covering overheads, debts, or replacement costs while the company recovers.

2️⃣ Investor & Creditor Confidence
Demonstrates sound financial planning and gives assurance to banks, investors, and partners that the business can weather unforeseen events.

3️⃣ Wealth & Family Protection
Prevents the business from collapsing and safeguards the owner’s personal assets and family’s financial future.

Sometimes, the real risk isn’t the cost of insurance —
it’s the cost of not having it.

Do you agree?

“Legacy planning is love in action 💕 — securing tomorrow for the people you care about most.”Legacy planning isn’t just ...
22/09/2025

“Legacy planning is love in action 💕 — securing tomorrow for the people you care about most.”

Legacy planning isn’t just about leaving money behind. 💡

It’s about bringing everything together—your assets, your intentions, your values—and making sure your loved ones receive them in the best way possible. ❤️

When done thoughtfully, it gives peace of mind today and lasting security for tomorrow. 🌟

Have you thought about how your wealth could:💎 Grow steadily over time❤️ Provide for loved ones when they need it most🌳 ...
11/09/2025

Have you thought about how your wealth could:
💎 Grow steadily over time
❤️ Provide for loved ones when they need it most
🌳 Be passed on smoothly across multiple generations

The choices you make today can ensure your legacy lasts not just for decades, but potentially centuries.

✨ What kind of legacy do you want to leave behind?


#300-year legacy

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