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Best Term Insurance Plan(Do Not Solicit for Pm)

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Old 15-06-2017, 09:44 PM   #2761
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Thanks for getting back guys. To be honest, what would be the best ECI AND CI coverage standalone plan in the market now?




Hi bro, premium of Multipay is level but non-guaranteed. Premiums may be adjusted based on future claims experience. And yes, premium cost is based on your policy term.

"Compared to taking up a AViva GPA of 200k and 200k eci (living care plus) and 200k CI (living care).... is this better or multipay?"

There isn't a straight forward answer as we ain't comparing apple to apple here.

Multipay is a plan that could pay you up to 5x sum assured.
100% payout for each CI diagnosed at its early stage, up to 2 ECIs.
3x of Sum Assured upon diagnosis of CI at severe stage, less claims already paid.
Pays a further up to 2x Sum Assured as Rediagnosed Cancer Benefit.
There are also other misc. benefits which I would omit from the picture for now.

You'd need to determine how much risk you're exposed to in order to work out a reasonable sum assured to leverage on.


$100k SA to age 65 - $962/yr
$100k SA to age 70 - $1215/yr
$100k SA to age 75 - $1565/yr
$100k SA to age 80 - $1916/yr

$200k SA to age 65 - $1924/yr
$200k SA to age 70 - $2430/yr
$200k SA to age 75 - $3130/yr
$200k SA to age 75 - $3832/yr
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Old 16-06-2017, 09:17 AM   #2762
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Welcome back, TS.

500k death, tpd and ci - $1307.85/yr
1m death, tpd, 500k ci - $1617.60/yr
Alternattively, 1m death, tpd, 500k ci (till age 65) - $1373.20/yr

3 yrs liao you're still not properly covered?
hey thanks. just looking for my wife.
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Old 16-06-2017, 09:49 AM   #2763
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what can you suggest an insurance plan for a father like me earning a minimum of 2k with 2 kids
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Old 16-06-2017, 12:14 PM   #2764
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Thanks for getting back guys. To be honest, what would be the best ECI AND CI coverage standalone plan in the market now?
Always honest, MultiPay is the best now.
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Old 16-06-2017, 12:19 PM   #2765
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what can you suggest an insurance plan for a father like me earning a minimum of 2k with 2 kids
Budget is my main concern for your case.
How old are your kids?

Get your H&S right. For ur income there's high possibility that outpatient treatment would not be adequately cover by your company, get a PA.

Total cost here ard $600/yr.

Get a Term instead of WL for death/TPD/CI coverage.

Let's cap total premium @ < $2k/yr
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Last edited by Bigoya; 16-06-2017 at 12:26 PM..
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Old 16-06-2017, 12:22 PM   #2766
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hey thanks. just looking for my wife.
But we don't sell wifes here.
Just kidding.
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Old 19-06-2017, 09:27 AM   #2767
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Hello all,
May i seek some guru advice if the following plan will be adequate?
28yo male sg, looking to buy for self n spouse.

Aviva GTL 500k
Aviva GPA 500k
DPI 200k Term w CI Benefit (not yet confirm with coy)

Shld get ECI as well?
Thanks

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Old 19-06-2017, 11:45 PM   #2768
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Hello all,
May i seek some guru advice if the following plan will be adequate?
28yo male sg, looking to buy for self n spouse.

Aviva GTL 500k
Aviva GPA 500k
DPI 200k Term w CI Benefit (not yet confirm with coy)

Shld get ECI as well?
Thanks

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What do u wish to achieve out of this portfolio?
Are you intending to get all those plans for yourself, and duplicate the same portfolio for your spouse?
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Last edited by Bigoya; 20-06-2017 at 12:17 AM..
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Old 20-06-2017, 12:07 AM   #2769
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I realise adding ECI to a term is rather expensive. But is CI that crucial? Usually no cure already right. So to make premium affordable, is getting a basic term that cover death n TPD sufficient ?
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Old 20-06-2017, 12:24 AM   #2770
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I realise adding ECI to a term is rather expensive. But is CI that crucial? Usually no cure already right. So to make premium affordable, is getting a basic term that cover death n TPD sufficient ?
"adding ECI to a term is rather expensive".
It used to be true but not anymore.

Is there a cure for stroke? Probably not.
Is there a cure for major cancers? Probably not.
Are you going to die immediaitely? Definitly not.

If anyone of these CIs would make u loose your job but allows u to continue with life, without a CI payout would u have money to survive?

Is a premium of less than $2k per year not considered affordable?
Or are u just looking for cheap?
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Old 20-06-2017, 08:33 AM   #2771
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I realise adding ECI to a term is rather expensive. But is CI that crucial? Usually no cure already right. So to make premium affordable, is getting a basic term that cover death n TPD sufficient ?
Eci and ci are diff

Eci is exp and unnecessary

Get ci coverage ba, maybe 200k

Add to term and tpd maybe cost u less than 1k premiums per year if u are below 30
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Old 20-06-2017, 02:26 PM   #2772
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Eci and ci are diff

Eci is exp and unnecessary

Get ci coverage ba, maybe 200k

Add to term and tpd maybe cost u less than 1k premiums per year if u are below 30
Why is ECI unnecessary?
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Old 20-06-2017, 06:57 PM   #2773
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Why is ECI unnecessary?
http://investmentmoats.com/budgeting/insurance/10-things-to-think-about-on-insurance-coverage-for-early-critical-illness/
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Old 23-06-2017, 05:52 PM   #2774
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Hi all, I'm looking at Aviva MyProtector-Term and would like to hear your recommendation. Can anyone advise which option is better and the premiums for ANB 34F?


- 1m death till 80 / 1m TPD till 75 / 500k CI till 75
- 1m death till 80 / 1m TPD till 75 / 450k CI till 75 / 50k ECI till 65.
- 1m death till 80 / 1m TPD till 75 / 300k CI till 75. Plus 50k MCI till 70 (under separate policy).

I'm covered under the PruShield A Premier with 100% rider, and AIA Cashback Protector for 50k till 75. Will be cancelling my LPWL and ILP plans. Is my coverage sufficient for now?


Also I have not heard from Aviva regarding these questions. Does anyone know the answers?

1) Are the extended covered CIs included in the actual Benefit Illustration if I get ECI rider before Sep 1st?

Link: aviva.com.sg/life-and-health/for-individuals/critical-illness/MyEarlyCriticalIllnessPlan


2) Does ECI payout reduce the base sum assured? I don't see this clause under ECI quote.


3) In the event of a payout under TPD, CI, or ECI (except for the additional special benefits under ECI), the claimed rider will terminate and does not require further payment immediately from the month after the claim? For annual payment mode, the paid premium for the year will be pro-rated and refunded for the "unused" months?


4) What is the survival period for advanced CI? Is it also 7 days?


5) For MultiPay CI, there is no death benefit at all, right?


Thank you in advance.
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Old 23-06-2017, 06:47 PM   #2775
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Hi all, I'm looking at Aviva MyProtector-Term and would like to hear your recommendation. Can anyone advise which option is better and the premiums for ANB 34F?


- 1m death till 80 / 1m TPD till 75 / 500k CI till 75
- 1m death till 80 / 1m TPD till 75 / 450k CI till 75 / 50k ECI till 65.
- 1m death till 80 / 1m TPD till 75 / 300k CI till 75. Plus 50k MCI till 70 (under separate policy).

I'm covered under the PruShield A Premier with 100% rider, and AIA Cashback Protector for 50k till 75. Will be cancelling my LPWL and ILP plans. Is my coverage sufficient for now?


Also I have not heard from Aviva regarding these questions. Does anyone know the answers?

1) Are the extended covered CIs included in the actual Benefit Illustration if I get ECI rider before Sep 1st?

Link: aviva.com.sg/life-and-health/for-individuals/critical-illness/MyEarlyCriticalIllnessPlan


2) Does ECI payout reduce the base sum assured? I don't see this clause under ECI quote.


3) In the event of a payout under TPD, CI, or ECI (except for the additional special benefits under ECI), the claimed rider will terminate and does not require further payment immediately from the month after the claim? For annual payment mode, the paid premium for the year will be pro-rated and refunded for the "unused" months?


4) What is the survival period for advanced CI? Is it also 7 days?


5) For MultiPay CI, there is no death benefit at all, right?


Thank you in advance.
- 1m death till 80 / 1m TPD till 75 / 500k CI till 75 = $2785.60 p.a
- 1m death till 80 / 1m TPD till 75 / 450k CI till 75 / 50k ECI till 65. = $3156.90
- 1m death till 80 / 1m TPD till 75 / 300k CI till 75. Plus 50k MCI till 70 = $2968.75 (multipay CI added as a rider on the term plan will be cheaper compared if you were to buy it as a stand-alone)

All quotations are based on female 34 ANB, Non-smoker.

Firstly, what kind of "coverage" are you talking about? and the amount of coverage is determined by you if not, there's always an excel file to calculate how much coverage is needed based on the number of dependents and based on your income.

1) existing policy holders will also enjoy the benefit of an increased ECI coverage from $200,000 to $250,000 and the new definitions added to the ECI and CI coverage terms.

2) ECI will reduce the SA of a main plan when it is added as a normal rider. If it is a multi-pay CI rider or stand-alone, it will not reduce SA.

3) The pro-rated refund varies from insurer to insurer. Have to check with the respective insurers in detail.

4) Yes Insurers would require most critical illness diagnosis a survival period of 7 days. But before that, an additional 90 days of waiting period upon policy inception before a claim can be made on the policy.

5) Aviva's MultiPay CI death benefit is $5,000

Hope all these answers your questions!
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Last edited by bntyl777; 23-06-2017 at 07:25 PM.. Reason: additional quotes
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