Hi all, was told by my Financial Consultant (my friend who just started working) to apply for the ILP above. Would like to seek for 2nd opinion, preferably people who have signed up for it and how do you all find it so far.
I read up the contract clauses and found that there are many fees stated inside e.g Sales Charge, Insurance Charge (also known as Cost of Insurance (“COI”)), Administration Fee, Service Fee, Annual Management Fees p.a., Fixed Operating Fees p.a., Membership fees etc
Does the premium goes higher when I get older? Is this a value for money plan?
A bit about myself, I just started working, save about 40% of my income and is a risk-averse person. Does this plan suits me or is there other plan that suits me better. I can also do away without this plan.
I have 2 life insurance policies
- Great Eastern FlexiLife20 (series2)
- NTUC income (paid from CPF account)
Do I really need another life insurance policy i.e. AXA Inspire Flexi Protector again?
Thank you for sharing your experience or advice. Really appreciate it!
I read up the contract clauses and found that there are many fees stated inside e.g Sales Charge, Insurance Charge (also known as Cost of Insurance (“COI”)), Administration Fee, Service Fee, Annual Management Fees p.a., Fixed Operating Fees p.a., Membership fees etc
Does the premium goes higher when I get older? Is this a value for money plan?
A bit about myself, I just started working, save about 40% of my income and is a risk-averse person. Does this plan suits me or is there other plan that suits me better. I can also do away without this plan.
I have 2 life insurance policies
- Great Eastern FlexiLife20 (series2)
- NTUC income (paid from CPF account)
Do I really need another life insurance policy i.e. AXA Inspire Flexi Protector again?
Thank you for sharing your experience or advice. Really appreciate it!