I recently got married, and my husband has just started out on his own business. Because of that, he has sold off his previous policies and now doesn't have any cover. Is there some kind of family policy I can consider getting, which can be tagged to my own life/critical illness insurance policies, that will also provide cover for my husband?

To my knowledge there is no family policy of such kind. Life insurance underwriting is based on individual, though spouse can own a policy that insures the other spouse. Insurable interest of course exist. I am not aware of any family package for life insurance. There is family package for medical/travel insurance where a discount is given when a family of at least three sign up and at least one of the three is a parent.

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ipac answers questions on all things financial every fortnight on AsiaOne, Just Woman. If there are financial questions, or just advice, you need, write to us at a1admin@sph.com.sg. Title your email - Financial Q&A for Just Woman.

Marion Chin, Vice President and a Licensed Financial Adviser Representative with ipac financial planning Singapore private limited, which is licensed with the MAS, Financial Adviser's Licence No FA100003-2