You’ve spent years building a career, a household income, and — quietly, in the background — an EPF balance and a stack of insurance policies you barely think about. Here’s the uncomfortable question: if something happened to you tomorrow, do you actually know who gets that money, and how long it would take them to …
In this article, the nomination I mean is the naming of beneficiary(ies) for three assets, namely your Employees Provident Fund (EPF), life insurance and personal accident insurance, and Private Retirement Scheme (PRS). This is part of your estate planning. The beneficiary(ies) of these assets are known as nominees. Why should you make the nomination? As …
