Best Term Insurance Plan(Do Not Solicit for Pm)

[Bigoya]

Hi, can i get a quote for the following:

31 ANB Male Non-smoker

1a) Aviva - 100k Multipay - till age 65
1b) Aviva - 100k Multipay - till age 70
1c) Aviva - 150k Multipay - till age 65
1d) Aviva - 150k Multipay - till age 70

2a) Aviva MyProtector Money Back - 500k (death, TPD) 300k accelerated CI - till age 65

3a) Aviva MyProtector - (1 Mil, Death, TPD) 300k accelerated CI - till age 65

Thanks!

1a)

1b) $1,157.00/yr
1c) $1,375.50/yr
1d) $1,735.50/yr

2a) There is no option for CI (or whatsoever) rider.

3a)

 

[yumyumz]

$996 per yr for term till 65

500k coverage for death and tpd, 200k for ci

No other plans? Shield, accident?

Sent from hehe using GAGT

 

[akwl88]

No other plans? Shield, accident?

Sent from hehe using GAGT

isp covering till ward A, premiums payable from medisave, no cough out cash

 

[oceanicmanta]

isp covering till ward A, premiums payable from medisave, no cough out cash

and no riders for deductible & co-insurance too ?

 

[akwl88]

and no riders for deductible & co-insurance too ?

nope

 

[foozgarden]

i heard that prudential is the only coy that covers term till 99?
how useful is this?
if cover till 99, isnt this bao-jiak, per se?
@37ANB, for 500k term, the premium is 2.8k/yr.
so total premium is 177k , but your dependent will get 500k.
unless of coz prudential folds.

the premiums are fixed for the entire 99years rite?

 

[akwl88]

i heard that prudential is the only coy that covers term till 99?
how useful is this?
if cover till 99, isnt this bao-jiak, per se?
@37ANB, for 500k term, the premium is 2.8k/yr.
so total premium is 177k , but your dependent will get 500k.
unless of coz prudential folds.

the premiums are fixed for the entire 99years rite?

Time value of money and cashflow

 

[Bigoya]

i heard that prudential is the only coy that covers term till 99?
how useful is this?
if cover till 99, isnt this bao-jiak, per se?
@37ANB, for 500k term, the premium is 2.8k/yr.
so total premium is 177k , but your dependent will get 500k.
unless of coz prudential folds.

the premiums are fixed for the entire 99years rite?

Pru is not the only one with Term till 99, other players have it too.

One only get Death cover till 99 if there's a need, please keep ur TPD and CI till appropriate age.

 

[foozgarden]

Pru is not the only one with Term till 99, other players have it too.

One only get Death cover till 99 if there's a need, please keep ur TPD and CI till appropriate age.

what would constitute a need?
would a term plan be considered as leaving a gift for the surviving spouse (females have higher longevity than male) and the kids?

 

[Bigoya]

what would constitute a need?

U need to eat at least 2 meals per day.
U wish to have 3 proper meals per day and still be able to snack on chips and ice cream with a can of Coke in you hand every day.
That's how u differentiate 'em.

would a term plan be considered as leaving a gift for the surviving spouse (females have higher longevity than male) and the kids?

Well yes...in a way... but it depends on how u actually plan it such that it would be more meaningful rather than just let it be an agent's trick to con you your signature.

 

[rsiow2]

i heard that prudential is the only coy that covers term till 99?
how useful is this?
if cover till 99, isnt this bao-jiak, per se?
@37ANB, for 500k term, the premium is 2.8k/yr.
so total premium is 177k , but your dependent will get 500k.
unless of coz prudential folds.

the premiums are fixed for the entire 99years rite?

Purchase of a 99 year policy is more like purchasing a perpetual option. You keep the option for a payout sometime within the 99 years (which is effectively a lifetime). The only unknown here is when it is triggered

So, you can't really calculate the total premium to be between now until 99 years old, you're paying less than the total of 177k since nobody knows when the end point of the premium payment is.

You could consider it as a form of legacy planning but there are better ways to achieve your intended goal.

Just to illustrate:

If you take the "return" based on the full 63 years of coverage, your return is 1.66% pa.

If you can capture the "return", at say, 85 years old, your return is 2.67% pa.

So, if i were to lay it out like that, it seems obvious that there are many other ways to exceed the 2.67% minimum return hurdle and, more importantly, still be able to enjoy some of your allocated wealth while you're still around to enjoy it.

 

[browniep]

quote

Hi,

I need a term insurance to cover my home loan...

Can you quote for Age next birthday is 39 female, non smoker

coverage for life abt 300-500k CI abt 100-150k... can u quote me something below a range of 1k? tks!

 

[Bigoya]

Hi,

I need a term insurance to cover my home loan...

Can you quote for Age next birthday is 39 female, non smoker

coverage for life abt 300-500k CI abt 100-150k... can u quote me something below a range of 1k? tks!

 

[Pengyu.song@gmail.com]

Hi,

Need a term insurance of sum assured of 500k + TPD of 500k + CI of 500k OR Multipay CI of 100k for 27 years.

Male, age 38, non-smoker.

Thanks.

 

[Bigoya]

Hi,

Need a term insurance of sum assured of 500k + TPD of 500k + CI of 500k OR Multipay CI of 100k for 27 years.

Male, age 38, non-smoker.

Thanks.

Hi,

OR

 

[utanium]

Thank you very much for the prompt reply. Appreciate it bro.

I am still trying to optimize what is the best combination to achieve 800k death/tpd and 300k CI. Was thinking of supplementing it with Aviva SAF GTL.


Can i also check what are the cheapest plan for the following:

31ANB, Male Non-smoker
1a) 200k death/TPD, 200k CI till age 65
1b) 200k death/TPD, 200k CI till age 70
2a) 300k death/TPD, 300k CI till age 65
2b) 300k death/TPD, 300k CI till age 70

 

[Bigoya]

Thank you very much for the prompt reply. Appreciate it bro.

I am still trying to optimize what is the best combination to achieve 800k death/tpd and 300k CI. Was thinking of supplementing it with Aviva SAF GTL.


Can i also check what are the cheapest plan for the following:

31ANB, Male Non-smoker
1a) 200k death/TPD, 200k CI till age 65
1b) 200k death/TPD, 200k CI till age 70
2a) 300k death/TPD, 300k CI till age 65
2b) 300k death/TPD, 300k CI till age 70

 

[xxSaDanxx]

Hi, can assist to quote on the following?

Male 37 ANB non-smoker
$200k Death/TPD, $200k CI Term plan
To age 65:
To age 70:

MultiPay ECI (Standalone Plan)
$50k
To age 65:
To age 70:

$100k
To age 65:
To age 70:

Female 43 ANB non-smoker
MultiPay ECI (Standalone Plan)
$50k
To age 65:
To age 70:

$100k
To age 65:
To age 70:

Thanks all.

 

[mSnooze]

Hi, can assist to quote on the following?

Male 37 ANB non-smoker
$200k Death/TPD, $200k CI Term plan
To age 65: $1,103.20/year. (AXA)
To age 70: $1,290.60/year. (AXA)

$500k Death/TPD, $250k CI Term plan
To age 65: $1,540.05/year. (Aviva)
To age 70: $1,799/year. (Aviva)


MultiPay ECI (Standalone Plan)
$50k
To age 65: $587/year.
To age 70: $746.50/year.

$100k
To age 65: $1,174/year.
To age 70: $1,493/year.

Female 43 ANB non-smoker
MultiPay ECI (Standalone Plan)
$50k
To age 65: $778.50/year.
To age 70: $970.50/year.

$100k
To age 65: $1,557/year.
To age 70: $1,941/year.

Thanks all.

As Above.

10 Char.

 

[xxSaDanxx]

Thanks for your prompt quote.
May I check why the different in company for 200k death and ECI?