View Single Post
Old 31-07-2020, 05:58 PM   #1
Junior Member
Join Date: Jul 2020
Posts: 1
Insurance recommendation

As new PR family, My husband and I are considering insurance recently. Especially Whole life insurance and/or term insurance because of the CI definition will be changed on 26th Aug.

1. Both are healthy and non-smoker with a healthy 3 years old son.
2. Husband 36 years old + me 34 years old. Currently all have basic medical
insurance covered by company plan.
3. Annual income before tax and CPF deduction is around 120k each.
4. Expenditure roughly 4-5k/month not include mortgage.
5. Mortgage around 5K/month.

Target to get sum assured at 200k per person for death/CI/TPD after 65 or 70 years old, before 65/70 years old, prefer to be with 3 multiplier.

Could you help to suggest if the sum assured target is enough? Please feel free to send me your recommendation. Especially the insurance plan for CI or including CI.

Thanks a lot.
Imsuser is offline   Reply With Quote