If you can find units.....

It will increase even if you have been paying. Doesn't mean you start earlier you pay less. E.g. if your coverage at age 40 is rmXXXX per year, it will always be that whether or not you started at age 21 or age 39.

The benefit of starting young is that if you have have any issue at age 35, any package bought after that will no longer cover that issue.

Are you married yet, you mention girlfriend ma.

If you're buying a house just for yourself (no one else staying) then why need insurance to cover the loan? The house itself is an asset which can be sold to cover the loan (and with whatever profit goes to your loved ones).

Insurance is normally for dependents (esp children or non-working spouse). Right now you have neither.

Isn't his question more about "when have I invested enough and can spend" rather than mechanics of spending.

Personal decision la that one. Not really a financial management thing. Definitely money must (eventually) be spent though, just how much 'reserve' you feel is necessary for peace of mind (which in my opinion is worth more than fancy gadget or holiday or luxuries).

Consider OCBC 365 savings account which can hit 4.1% if you fulfil 3 criteria (not hard to hit assuming you have accounts in multiple banks and apply for a BigPay card). eFD is useless compared to this product, for most consumers.

Post like that must give a bit more detail/pointer right =)

Is EPF really a good option for a 28-year-old?

MUM already express my reservation on that:-

Basically EPF locks away 70% of your money. Not a bad thing for retirement but if you're already planning to buy a house short term then you probably need as much liquidity upfront as you can!