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Old 11-05-2019, 03:57 PM   #1217
BBCWatcher
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Join Date: Jun 2010
Posts: 9,129
Hi BBCW, what are your opinions on short-term DII such as TM Protect 1 offered by Tokio Marine ?
If I am not wrong, the other DII mentioned so far lasts till 65.
Yes, you can buy DII in Singapore that insures up to age 65 or, in one case (Aviva's MINDEF and MHA Group Insurance DII Rider) up to age 70.

TM Protect 1 offers a maximum payout period of 6 years, so it's certainly not going to work well for young adults, at least not on its own. Also, its definition of disability is a little different, probably more restrictive. I can imagine if you're getting close to retirement and/or you're getting close to being able to self-insure that TM Protect 1 might play a supporting role. Generally speaking it's not great.
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