Retire Rich Weekly: What Happens When the Breadwinner Is No Longer There?

I felt sad reading this recent Straits Times article: “Man wanted share of wife’s $450K insurance payout for stroke during divorce.” The case involved a woman who suffered two strokes and eventually became unable to walk or work. Her critical illness policies paid her more than $450K, while another policy (most probably a Careshield Upgrade) provided $1,200 a month for life. During their divorce, her husband argued that part of the payout should be included in the matrimonial assets because...