Best Term Insurance Plan(Do Not Solicit for Pm)

kiddykong

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Im not looking for a whole life plan because i do not wish to pay the higher premiums for the cash value. IMO A term life can provide me higher coverage with a lower cost. Im still pondering whether i should do a term till 65-70 age or till 99. Thus, Im looking at what products are available in the market that covers till 99 of age cause i have notice many ends at 65-75 of age.

@Kyzers0ze thanks i will take alook at what you mentioned.
anyone can shed some light on whether it's worth it to get 99 to leave inheritance? tomorrow going to meet my agent to sign aviva my protector, he is proposing me to get 65 years and 1mill coverage. gum xia brothers

anb = 23 , male , non smoker
 

mSnooze

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anyone can shed some light on whether it's worth it to get 99 to leave inheritance? tomorrow going to meet my agent to sign aviva my protector, he is proposing me to get 65 years and 1mill coverage. gum xia brothers

anb = 23 , male , non smoker

Depends on if you wish to or not, most people buy till age 65-75, because that's when their commitment(children) or liability(house) are fully paid up.

Got to know you more to make suggestions.

If you are eligible, you can choose to buy SAF GTL to age 65 of $1mil coverage which is cheap, and get a term/whole life to age 75/99.
 
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mSnooze

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Can I get a quote for the following:
28, Female, non smoker:


1.) Term (up to 65) - Sum Assured 300,000 + CI Rider, Sum Assured 300,000

2.) Early Critical Illness - Sum Assured 200,000

3.) Disability Income insurance, 4000/mth

Hi,

For your profile,

1.) Term
$300k Death/TPD/CI
Cover till age 65: $780.70/year.


2.) Early CI
$200k Multipay CI
Cover till age 65: $2,034/year.
$100k Multipay CI
Cover till age 65: $1,017/year.


3.) For Disability Income, 4000/month:
Cover till age 65: $1,013.48/year.
 

soulblader_89

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Advance CI of 300k and CI premium waiver is mutually exclusive, either payout once diagnosed or stop paying. Premium waiver can be use in conjunction with Early CI, as they are Additional CI to your Term plan.

For your profile,

$300k Death/TPD/CI
Coverage till age 65: $895.35/year.

You can consider getting cover for Early CI as well, with Aviva's Multipay CI which can be use with Premium waiver;
Premium as follows:

$300k Death/TPD + $100k Multipay CI + premium waiver
Coverage till age 65: $1,191.55/year.

$2k/month Disability Income Protection
Coverage till age 65: $445.80/year.

Accident plan is $100+/year upwards, depending on how comprehensive you wish to get.


Thankssss for the info, I will consider
 

soulblader_89

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Asking a noob question in 2018

Anyone know what is the drawback for Aviva? seem like Aviva is a lot cheaper than Prudential and Great Eastern. I realise Aviva term is much cheaper than the GE or Aia term

I mean they confirm have some drawback right, cannot so cheap, if not Prudential and GE or AIA those close down liao
 

soulblader_89

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AIA (personal friend) that what I am quote

Term plan $300k (Death, TPD, CI - excluding early CI) - $1017
Early CI + Late CI Triple Critical Cover $50K - $603.23
Loss of Income: $2000 per month - $420.32
Accident $100 k upon accident - $216.30

Total = $2256
 

mSnooze

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Asking a noob question in 2018

Anyone know what is the drawback for Aviva? seem like Aviva is a lot cheaper than Prudential and Great Eastern. I realise Aviva term is much cheaper than the GE or Aia term

I mean they confirm have some drawback right, cannot so cheap, if not Prudential and GE or AIA those close down liao
Aviva is cheap because they revised their pricing to make it competitive.
Aviva term is cheap for most age groups and coverage, but if you are looking at coverage till 99 Pru/axa is cheaper.
Each company has their strength products.
AIA (personal friend) that what I am quote

Term plan $300k (Death, TPD, CI - excluding early CI) - $1017
Early CI + Late CI Triple Critical Cover $50K - $603.23
Loss of Income: $2000 per month - $420.32
Accident $100 k upon accident - $216.30

Total = $2256

Aia is known for having higher pricing.
 
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soulblader_89

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will it be very mafan to claim for Aviva?

Heard some insurance companies claiming process a lot of pattern one

I know GE claiming process is fuss free :s13:
 

mSnooze

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will it be very mafan to claim for Aviva?

Heard some insurance companies claiming process a lot of pattern one

I know GE claiming process is fuss free :s13:

Claiming process is quite standard, all follow LIA regulations to claim.
Hearsay will still be hearsay, from time to time there may be an outlier bad review about a certain company, but it will not represent the whole lot.
 

taupork1989

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Premiums increase exponentially to 99 years.
So in general, we will know it is not worth it (insurance companies won't make losing business - they have best actuaries to maximize their profits).
Term insurance is usually most cost effective if you only cover till 60-65 years old.

Doesnt the premiums stays as it is once u buy the insurance? I think it increases exponentially for those with renewable plans? If not to my understanding, once i buy it to 99 of age, the premiums should stay as it is. Please correct me if im wrong.
 

exterminazn

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Doesnt the premiums stays as it is once u buy the insurance? I think it increases exponentially for those with renewable plans? If not to my understanding, once i buy it to 99 of age, the premiums should stay as it is. Please correct me if im wrong.

What he meant is, the premiums of course will be locked in at the age which one have bought.

However if the coverage period will be to be extended from 65/70 to 99, the premium per coverage year will be increase exponentially, due to the higher claim possibility
 

itsaboon

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Hi there, could I get a quote for:

Male, 30, non-smoker
Sum assured 350k and CI 350k

Male, 31, smoker
Sum assured 350k and CI 350k

Both also until 65, thanks a lot!
 

mSnooze

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Hi there, could I get a quote for:

Male, 30, non-smoker
Sum assured 350k and CI 350k

Male, 31, smoker
Sum assured 350k and CI 350k

Both also until 65, thanks a lot!

Sure,

Male, 30, non-smoker
Sum assured Death/TPD 350k and CI 350k
Coverage till age 65: $1,069/year.

Male, 31, smoker
Sum assured Death/TPD 350k and CI 350k
Coverage till age 65: $1,653.70/year.
 

itsaboon

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Thanks, appreciate it.
What if we changed sum assured to 700k, with CI at 250k. What would the quote be for both?

Sure,

Male, 30, non-smoker
Sum assured Death/TPD 350k and CI 350k
Coverage till age 65: $1,069/year.

Male, 31, smoker
Sum assured Death/TPD 350k and CI 350k
Coverage till age 65: $1,653.70/year.
 

mSnooze

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Thanks, appreciate it.
What if we changed sum assured to 700k, with CI at 250k. What would the quote be for both?

No problem,

Male, 30, non-smoker
Sum assured Death/TPD 700k and CI 250k
Coverage till age 65: $1,147.30/year.

Male, 31, smoker
Sum assured Death/TPD 700k and CI 250k
Coverage till age 65: $1,719.95/year.
 

LogicisReal

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Aviva GTL if you are referring to, cheap until age 65. It should never be your main or core plan.

Cannot do nomination also. It’s a group insurance that’s why it’s cheap. Good to have. Suggest just keep if you still have it :)

But if you are looking for longer coverage, add another whole life, ILP or term whichever suits to your needs

Asking a noob question in 2018

Anyone know what is the drawback for Aviva? seem like Aviva is a lot cheaper than Prudential and Great Eastern. I realise Aviva term is much cheaper than the GE or Aia term

I mean they confirm have some drawback right, cannot so cheap, if not Prudential and GE or AIA those close down liao
 

WasteMyTime

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A qns, hope to get some advice

If I were to only get term to be insured till 65yo.

In the event if I were to be bedridden at 66yo due to some illness, am I screwed since I am not insured for anything? What can I do to mitigate this risk?

Thanks
 

LogicisReal

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Yup. You just need to get a longer coverage. Maybe term to 75 or 99? Or a whole life plan?

A qns, hope to get some advice

If I were to only get term to be insured till 65yo.

In the event if I were to be bedridden at 66yo due to some illness, am I screwed since I am not insured for anything? What can I do to mitigate this risk?

Thanks
 

akwl88

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A qns, hope to get some advice

If I were to only get term to be insured till 65yo.

In the event if I were to be bedridden at 66yo due to some illness, am I screwed since I am not insured for anything? What can I do to mitigate this risk?

Thanks

have to dip into ur retirement capital
 

Wishdom

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Would like some quotes too. Looking for term till 99. 200k death coverage with accelerated ci.

26 anb, non smoker, male. Thanks.

Sent from Ilovennp using GAGT
 
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