MKT351 Background
According  to  the  Basic  Financial  Planning  Guide  issued  by  the  Monetary  Authority  of Singapore  (MAS),  the  Central  Provident  Fund  (CPF)  Board,  and  the  financial  industry associations, young  working adults (19–29 years  old)  should obtain insurance  coverage for death, total permanent disability (TPD), and critical illness (MoneySense, n.