Best Term Insurance Plan(Do Not Solicit for Pm)

[god2077]

Male / 30 Next birthday / Non smoker

Looking to purchase term plan no need ILP mainly to cover myself for CI till age 65. Can quote me?

Death/TPD: 300k
CI: 200k
ECI: 100k

Death/TPD: 300k
CI: 300k

 

[boredboiboi]

Male / 30 Next birthday / Non smoker

Looking to purchase term plan no need ILP mainly to cover myself for CI till age 65. Can quote me?

Death/TPD: 300k
CI: 200k
ECI: 100k

Death/TPD: 300k
CI: 300k

Sure. Will quote for u base of 500k death/tpd as well, due to large sum discount, sometime with base 500k, it will be cheaper than 300k.


1) Death/TPD: 300k
CI: 200k
ECI: 100k
A - $1429.55/year
T - $1209.60/year
M - no eci rider
X - $865.74/year
C - $1040.90/year

2) Death/TPD: 300k
CI: 300k
A - $865.35/year
T - $780.60/year
M - $957.90/year
X - $685.94/year
C - $872.70/year


3) Death/TPD: 500k
CI: 200k
ECI: 100k
A - $1217.35/year
T - $1306.50/year
M - no eci rider
X - $948.40/year
C - $1076.90/year

4) Death/TPD: 500k
CI: 300k
A - $766/year
T - $877.50/year
M - $1086.70/year
X - $768.60/year
C - $908.70/year

 

[winthony]

Male / 30 Next birthday / Non smoker

Looking to purchase term plan no need ILP mainly to cover myself for CI till age 65. Can quote me?

Death/TPD: 300k
CI: 200k
ECI: 100k

Death/TPD: 300k
CI: 300k

Hello sure! Will quote you on this 2 configurations

There is an ongoing promo from company A that offers perpetual discount of 20% if sum assured is 500k and above and usually large sum discount is offered so it might be cheaper at 500k compared to 300k!


1) Death/TPD: 300k + CI: 200k + ECI: 100k
Company A: $1429.55/annually (ECI non accelerated)
Company T: $1209.60/annually
Company M: N/A as no ECI rider
Company C: $1040.90/annually

2) Death/TPD: 300k + CI: 300k
Company A: $865.35/annually
Company T: $780.60/annually
Company M: $957.90/annually
Company C: $872.70/annually


3) Death/TPD: 500k + CI: 200k + ECI: 100k
Company A: $1217.35/annually (ECI non accelerated)
Company T: $1306.50/annually
Company M: N/A as no ECI rider
Company C: $1076.90/annually

4) Death/TPD: 500k + CI: 300k
Company A: $766/annually
Company T: $877.50/annually
Company M: $1086.70/annually
Company C: $908.70/annually

 

[god2077]

Sorry new here what is
A
T
M
X
C ? Is it different company?

 

[boredboiboi]

Sorry new here what is
A
T
M
X
C ? Is it different company?

Yes
A - aviva
T - tokio marine
M - manulife
X - axa
C - china taiping

 

[god2077]

okay thanks, how about other company,like AIA ,NTUC, GE?

 

[boredboiboi]

okay thanks, how about other company,like AIA ,NTUC, GE?

Aia and ntuc is not competitive thus did not put into consideration, if u wan can quote for u. And i cant quote ge. Ge only ge can quote, they dont give any fa company to distribute.
Quotation is completed. U can wait for ge agent here to quote, they are quit active too


1) Death/TPD: 300k
CI: 200k
ECI: 100k
A - $1429.55/year
T - $1209.60/year
M - no eci rider
X - $865.74/year
C - $1040.90/year

2) Death/TPD: 300k
CI: 300k
A - $865.35/year
T - $780.60/year
M - $957.90/year
X - $685.94/year
C - $872.70/year


3) Death/TPD: 500k
CI: 200k
ECI: 100k
A - $1217.35/year
T - $1306.50/year
M - no eci rider
X - $948.40/year
C - $1076.90/year

4) Death/TPD: 500k
CI: 300k
A - $766/year
T - $877.50/year
M - $1086.70/year
X - $768.60/year
C - $908.70/year

 

[xtwis7]

okay thanks, how about other company,like AIA ,NTUC, GE?

Hi. Here are the quotes for GE’s term.

1. $300k Death/TPD with $200k CI and $100k ECI - $990/yr

2. $300k Death/TPD with $300k CI - $800.60/yr

GE’s large sum discount for the Death/TPD typically is offered for sums $1m and above so if you were to compare with a few of the companies that offers $500k at a discount, they may tend to be slightly more attractive.

 

[god2077]

AIA ,NTUC, GE is it these are more expensive as compare with others?

 

[xtwis7]

AIA ,NTUC, GE is it these are more expensive as compare with others?

Not necessarily. GE’s term for $1m Death and higher is really competitive especially with our ECI. I believe our ECI should be one of the more competitive options around.

 

[boredboiboi]

AIA ,NTUC, GE is it these are more expensive as compare with others?

Ntuc and aia yes. GE depends as its quite competitive too

 

[winthony]

AIA ,NTUC, GE is it these are more expensive as compare with others?

Based on quotations, yeap AIA and NTUC are not that competitive. GE wise, depending on what coverage amount you choose

 

[god2077]

what is ECI non accelerate?

 

[boredboiboi]

what is ECI non accelerate?

Its means the eci wil not reduce the coverage for death and tpd while others will reduce accordingly when eci is claim. Which is usually the least concern, because u can add the extra coverage for other insurers and be even cheaper overall. Which also means if other insurers u add 100k more, and if death/tpd happens first, 600k will payout if u add extra 100k

 

[winthony]

what is ECI non accelerate?

So usually for riders, upon claim, it would be drawn down from your sum assured for death. For company A, it is unique in a sense because it is additional on top of your sum assured.

For example, 300k death/tpd + 300k eci rider :
Upon claim for ECI

Company T -> 300k payout and your policy lapsed because fully claimed.
Company A -> 300 k payout and you still have 300k for death/tpd

 

[Swiftbladez]

Hi looking for quotes for the following

1) 29 Male / Non-Smoker
2) 27 Female / Non-Smoker

for both 500k TPD/Death, 300k CI 150K ECI --> Looking for options of multi-claim for CI (possible to quote non multi-claim as well).

cover till age: 70/75

Thank you all so much in advance!

EDIT: change death/tpd to be more than CI + ECI
EDIT2: Change to proper Next birthday age.

 

[winthony]

Hi looking for quotes for the following

1) 28 Male / Non-Smoker
2) 27 Female / Non-Smoker

for both 300k TPD/Death, 300k CI 150K ECI --> Looking for options of multi-claim for CI (possible to quote non multi-claim as well).

cover till age: 70/75

Thank you all so much in advance!

Hello!

For your CI + ECI coverage amount, it cannot exceed the coverage for death/tpd. So in your case, its exceeded by 150k. Thus quotation is not available!

Multipay can only be added to company A's term product!

 

[Swiftbladez]

Hello!

For your CI + ECI coverage amount, it cannot exceed the coverage for death/tpd. So in your case, its exceeded by 150k. Thus quotation is not available!

Multipay can only be added to company A's term product!

thanks for letting me know! changed to 500k death/tpd.

What are the other companies that offer multipay/claim?

 

[winthony]

thanks for letting me know! changed to 500k death/tpd.

What are the other companies that offer multipay/claim?

No worries! will quote for you accordingly.

On my end, only Company A has it. Other companies you gotta wait for them to respond to you! I will quote for you those that I can

I assumed the ages are all age next birthday?

 

[Swiftbladez]

No worries! will quote for you accordingly.

On my end, only Company A has it. Other companies you gotta wait for them to respond to you! I will quote for you those that I can

I assumed the ages are all age next birthday?

ah next birthday should be 29 for male, updated accordingly. thank you so much.