Wednesday, March 24, 2010

Family first, then insurance

help

Most Singaporeans will first consider another adult member of the household to help with expenses if the breadwinner should die or become unable to work. Insurance would then be the second preferred option, while getting support from other relatives is a distant third, according to a NUS Business School survey.

In times of need, less than one in 10 Singaporeans will consider sending at least one of their school-going children out to work. These figures are considerably lower than those for other places such as Vietnam, Hong Kong, China and Taiwan. Half of the Singaporeans surveyed would also adopt to continue the family line, depending on circumstances.

Eight thousand adults in eight Asian countries were polled.

[SOURCE: http://www.todayonline.com]

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