Hi all, I was going through my insurance and realized I might have signed up too much insurance.
GE Supremehealth $570/yr – paid by CPF
GE total shield $604/yr
GE life smart protect ILP $300k(CI $200k) - $490/pm
GE early CI rider $100k - $38.90
TK My Legacy Plus $300k (CI $300k) - $374.80/mth
Aviva term $125k + accident $100k - $6.20/mth
AIA prime life $50k - $80.75/mth
NTUC Pioneer Endowment $20k - $35/mth
I got the AIA when I was 14yo so most probably going to continue. The Endowment matures in about 5 more years, so plans to continue too.
The GE ILP has gained about 5% in value. But I read some bad things about ILP in the other threads. Should I cancel it or to treat it as an investment by decreasing the coverage so more goes into the investment portion?
My agent is also trying to sell me an annuity plan at $366/mth for 25 years and I will be getting $14,000 a year for 15 yrs after 65yo (total about $210,000). How does it compare with CPF? I think I can get more with putting the same amount in my CPFSA?
GE Supremehealth $570/yr – paid by CPF
GE total shield $604/yr
GE life smart protect ILP $300k(CI $200k) - $490/pm
GE early CI rider $100k - $38.90
TK My Legacy Plus $300k (CI $300k) - $374.80/mth
Aviva term $125k + accident $100k - $6.20/mth
AIA prime life $50k - $80.75/mth
NTUC Pioneer Endowment $20k - $35/mth
I got the AIA when I was 14yo so most probably going to continue. The Endowment matures in about 5 more years, so plans to continue too.
The GE ILP has gained about 5% in value. But I read some bad things about ILP in the other threads. Should I cancel it or to treat it as an investment by decreasing the coverage so more goes into the investment portion?
My agent is also trying to sell me an annuity plan at $366/mth for 25 years and I will be getting $14,000 a year for 15 yrs after 65yo (total about $210,000). How does it compare with CPF? I think I can get more with putting the same amount in my CPFSA?