Getting started with insurance

[boredboiboi]

Yep, Age 36 is next birthday. Alright, to Age 99 for Singlife.

My friend has a multipay from AIA where future premiums are waived on diagnosis of ECI. Something to that effect, if available. If not available its fine too.

Ok will quote and update here accordingly. Singlife waiver are embedded which once u claim 300%. Premium are waived


(1) $100k standalone multipay with premium waiver feature
Till Age 75, Age 80 or Age 85.
- $1933/year(75), $2490/year(80), $2949/year

(2) $1m death/tpd
Till Age 99
- $3990.50/year

(3) $1.5m death/tpd
Till Age 99
- $5985.75/year

(4) $1m death/tpd (till age 99) + $200k ECI (till age 85)
- $6843.50/year

 

[DanielRFL]

Ok will quote and update here accordingly. Singlife waiver are embedded which once u claim 300%. Premium are waived


(1) $100k standalone multipay with premium waiver feature
Till Age 75, Age 80 or Age 85.
- $1933/year(75), $2490/year(80), $2949/year

(2) $1m death/tpd
Till Age 99
- $3990.50/year

(3) $1.5m death/tpd
Till Age 99
- $5985.75/year

(4) $1m death/tpd (till age 99) + $200k ECI (till age 85)
- $6843.50/yea

Thanks thanks ! I like the multipay from Singlife.

But the term is so expensive I think GE Term Plan till 100 is cheaper? Any bro can confirm? I saw my friend did this. Turning the term into a guaranteed payout unless you live beyond 100.

 

[boredboiboi]

Thanks thanks ! I like the multipay from Singlife.

But the term is so expensive I think GE the term till 100 is cheaper? Any bro can confirm? I saw my friend did this. Turning the term into a guaranteed payout unless you live beyond 100.

Sure sure. Let me know if you would like to apply. Anyway. Multipay can add as a rider to the term plan for singlife. 2 plan into 1 is cheaper than 2 seperate plans

 

[DanielRFL]

Sure sure. Let me know if you would like to apply. Anyway. Multipay can add as a rider to the term plan for singlife. 2 plan into 1 is cheaper than 2 seperate plans

You represent Aviva only? My BMI is 31. Can make it without loading or I need to lose a few kg first?

How much would a $100k Base Whole Life + Boost $100k to Age 75 cost? I was intending to get from AIA already for the whole life. AIA ASSC too expensive, Aviva one more worth it.

 

[boredboiboi]

You represent Aviva only? My BMI is 31. Can make it without loading or I need to lose a few kg first?

How much would a $100k Base Whole Life + Boost $100k to Age 75 cost? I was intending to get from AIA already for the whole life. AIA ASSC too expensive, Aviva one more worth it.

I represent multiple company. Bmi 31 shouldnt be an issue.
Wholelife of how many years payment? Why boost till 75 and not 70 or 80? Just pure death/tpd for wholelife?
I am very sure to tell you aia plans is most of their plans. As i can also quote from aia

 

[xtwis7]

You represent Aviva only? My BMI is 31. Can make it without loading or I need to lose a few kg first?

How much would a $100k Base Whole Life + Boost $100k to Age 75 cost? I was intending to get from AIA already for the whole life. AIA ASSC too expensive, Aviva one more worth it.

Exceeding BMI 30 might require medical with some possible outcomes like loading/exclusions. No guarantees until underwriting is finalised.

 

[DanielRFL]

I represent multiple company. Bmi 31 shouldnt be an issue.
Wholelife of how many years payment? Why boost till 75 and not 70 or 80? Just pure death/tpd for wholelife?
I am very sure to tell you aia plans is most of their plans. As i can also quote from aia

I am looking at a 15 years payment? I think comfortable with Age 75 or Age 80. The one from AIA has a $100k base and boosed to $200k till Age 75 + rider to accelerate the payment for ECI.

Which insurer is the most affordable? I am alright with most except AXA.

 

[boredboiboi]

I am looking at a 15 years payment? I think comfortable with Age 75 or Age 80. The one from AIA has a $100k base and boosed to $200k till Age 75 + rider to accelerate the payment for ECI.

Which insurer is the most affordable? I am alright with most except AXA.

I will for u singlife and manulife but manulife only available till 70 or 80 for boost

singlife - $5447/year. Boost till 75
Manulife - $5779.44./year. Boost till 80

 

[xtwis7]

Anyone can do a quote, preferably from Aviva Singlife? Looking to enhance coverage.

Age 36, Male, Non Smoker

(1) $100k standalone multipay with premium waiver feature
Till Age 75, Age 80 or Age 85.

(2) $1m death/tpd
Till Age 100 (not sure if Singlife has it?)

(3) $1.5m death/tpd
Till Age 100 (not sure if Singlife has it?)

(4) $1m death/tpd (till age 100) + $200k ECI (till age 85)

Hi. GE doesn’t have your preferred multipay configuration but here are the term quotes for options 2-4.

$1m - $3,307.45/yr

$1.5m - $4,960.55/yr

$1m + $200k ECI - $4,900.95

 

[DanielRFL]

Hi. GE doesn’t have your preferred multipay configuration but here are the term quotes for options 2-4.

$1m - $3,307.45/yr

$1.5m - $4,960.55/yr

$1m + $200k ECI - $4,900.95

Thanks ! My friend (female, age 33) just bought a GE 1M death/TPD for $1.9k. But my premium seems to be so much higher for a 2 year difference.

I like the idea for using the term plan in this manner.

 

[boredboiboi]

Thanks ! My friend (female, age 33) just bought a GE 1M death/TPD for $1.9k. But my premium seems to be so much higher for a 2 year difference.

I like the idea for using the term plan in this manner.

I guess your friend is not till age 100?

 

[xtwis7]

Thanks ! My friend (female, age 33) just bought a GE 1M death/TPD for $1.9k. But my premium seems to be so much higher for a 2 year difference.

I like the idea for using the term plan in this manner.

If it’s $1.9k, it doesn’t include TPD. If we include TPD, her premium should have been $2.2k.

Might want to confirm with her and if she has the benefit illustration to verify, even better.

 

[DanielRFL]

If it’s $1.9k, it doesn’t include TPD. If we include TPD, her premium should have been $2.2k.

Might want to confirm with her and if she has the benefit illustration to verify, even better.

Hmm don’t want to probe too much but it’s definitely 1M till age 100.

The pricing so different. Was expecting it to be higher but don’t expect $1.4K for male

 

[dailou]

how do you all pay the singlife insurance to get reward points or cash back?
need guru help

 

[xtwis7]

how do you all pay the singlife insurance to get reward points or cash back?
need guru help

If you have Citi cards, citipayall is one such facility you can use but there’s a small fee to it.

 

[dailou]

icic, any chance without small fee?

If you have Citi cards, citipayall is one such facility you can use but there’s a small fee to it.

 

[xtwis7]

icic, any chance without small fee?

I don’t think so. Insurance is a easy exclusion category on pretty much all cards hence you need to go through such routes if you want to earn points.

 

[8zaoyu]

Anyone can do a quote, preferably from Aviva Singlife? Looking to enhance coverage.

Age 36, Male, Non Smoker

(1) $100k standalone multipay with premium waiver feature
Till Age 75, Age 80 or Age 85.

(2) $1m death/tpd
Till Age 100 (not sure if Singlife has it?)

(3) $1.5m death/tpd
Till Age 100 (not sure if Singlife has it?)

(4) $1m death/tpd (till age 100) + $200k ECI (till age 85)

You know why people mentioned lapsing once cannot afford? After certain age, you wish to retire, not working anymore.
I wished for myself I had not bought LIFE and Investment Linked Insurances. One type don't get to see and have to pay till end-of-life. The other have to scrutinize the underlying investments yourself - you capital$ dropped till less than half of the total - should have saved elsewhere. Of course you buy insurance - but end-date premiums and maturities to note. AND Of course Medishield+Careshield Life must buy and Integrated Shield + Careshield supplements if can afford long term premiums. Tis is good to buy BEFORE aging health issues arise

 

[8zaoyu]

Yep, Age 36 is next birthday. Alright, to Age 99 for Singlife.

My friend has a multipay from AIA where future premiums are waived on diagnosis of ECI. Something to that effect, if available. If not available its fine too.

My MRI shows that I got mini mini Stroke, not CRITICAL insurer said, cannot waive future premiums, haha

 

[reddevil0728]

You know why people mentioned lapsing once cannot afford? After certain age, you wish to retire, not working anymore.
I wished for myself I had not bought LIFE and Investment Linked Insurances. One type don't get to see and have to pay till end-of-life. The other have to scrutinize the underlying investments yourself - you capital$ dropped till less than half of the total - should have saved elsewhere. Of course you buy insurance - but end-date premiums and maturities to note. AND Of course Medishield+Careshield Life must buy and Integrated Shield + Careshield supplements if can afford long term premiums. Tis is good to buy BEFORE aging health issues arise

LIFE insurance is not for yourself anyway.

but yes ILP no reason to buy.