Best Term Insurance Plan(Do Not Solicit for Pm)

[Invisible1234]

Rule of thumb
Death/tpd - 10 x annual income
Eci - 3 to 5 times of annual income
Ci - more than 5 times of annual income
Insurance is to cover lost of income. Buy till the age u think u will stop working. In general mostly get till age 65 or 70

Ah okay thanks. If I wish to retire at around age 65 and my annual income is around 50k, death/tpd 500k, ECI 100k and CI 150k, is it sufficient?

 

[boredboiboi]

Ah okay thanks. If I wish to retire at around age 65 and my annual income is around 50k, death/tpd 500k, ECI 100k and CI 150k, is it sufficient?

Eci probably 150k and ci 100k instead.
Eci covers all stages.
ci only late stages.
Means if early stage hit first, 150k payout
If late stage hit first, both eci and ci will payout which is 250k

 

[Invisible1234]

Eci probably 150k and ci 100k instead.
Eci covers all stages.
ci only late stages.
Means if early stage hit first, 150k payout
If late stage hit first, both eci and ci will payout which is 250k

Ah I see.. thanks for ur advice.

 

[Niaoson]

Can get quote from male, non-smoker, ANB 32?
Death/TPD $1 mil, CI $500K, ECI $350K
For up to 65 and 70
If possible can quote each component (death/TPD, CI, ECI) separately?

 

[boredboiboi]

Can get quote from male, non-smoker, ANB 32?
Death/TPD $1 mil, CI $500K, ECI $350K
For up to 65 and 70
If possible can quote each component (death/TPD, CI, ECI) separately?

Age 65
Hsbc
Death $1 mil $631.80/year
Tpd $1 mil $104/year
Ci $500k $789.75/year
ECI $350k $1533/year
Total $3058.55/year

Etiqa
Death $1 mil $698.90/year
Tpd $1 mil $77.70/year
Ci $500k $1035/year
ECI $350k $1378.06/year
Total $3189.66/year

Fwd
Death $1 mil $545/year
Tpd $1 mil $76/year
Ci $500k $595.50/year
ECI $350k $2326.80
Total $3543.30/year

Age 70
Hsbc
Death $1 mil $764.40/year
Tpd $1 mil $130/year
Ci $500k $884/year
ECI $350k $1722/year
Total $3500.40/year

Etiqa
Death $1 mil $878.40/year
Tpd $1 mil $97.70/year
Ci $500k $1190/year
ECI $350k $1574.86/year
Total $3740.96/year

Fwd
Death $1 mil $645/year
Tpd $1 mil $91/year
Ci $500k $679.50/year
ECI $350k $2643.20/year
Total $4058.70/year

 

[exterminazn]

Can get quote from male, non-smoker, ANB 32?
Death/TPD $1 mil, CI $500K, ECI $350K
For up to 65 and 70
If possible can quote each component (death/TPD, CI, ECI) separately?

Hi,

below GE quote

To 65
Death/TPD $1 mil: $875.70/year
CI $500K: $770.45/year
ECI $350K: $1262.25/year

total: $2908.40/year

To 70:
Death/TPD $1 mil: $1124.75/year
CI $500K: $870.40/year
ECI $350K: $1547.60/year

total: $3542.75/year

cheers

 

[humblepies]

Hi,

below GE quote to age 65

1mil death: $$551.80/year (21 Jan onwards discount will reduce from 20% to 5%)
100k eci: $470.85/year
100k ci: $230.85/year
1mil tpd: $56.90/year

Total: $1310.40/year

cheers

Hi there thanks so much for the quote. May I know what will be the premiums for a 500k term death and tpd, 100k eci, 300k ci pls?

Thank you!!

 

[exterminazn]

Hi there thanks so much for the quote. May I know what will be the premiums for a 500k term death and tpd, 100k eci, 300k ci pls?

Thank you!!

Hi,

below GE quote based on 34f non smoker to age 65

500k death/tpd: $425.05/year
100k eci: $470.85/year
300k ci: $692.50/year

total: $1588.40/year

cheers

 

[darkgarnezh]

36M ANB non-smoker.

Looking for term -
1m death/tpd,
350k ci
350k ci
Till 65/70/75

Can I also ask for whole life if its allowed?
350k death/tpd
350k ci
350k eci
Till 65/70/75
Pay 10y/15y

want to compare between both as feels like total amount I pay may be same. Maybe supplement the whole life w a term death coverage. Happy to hear thoughts too on why people pay term all the way, vs wholelife

 

[boredboiboi]

36M ANB non-smoker.

Looking for term -
1m death/tpd,
350k ci
350k ci
Till 65/70/75

Can I also ask for whole life if its allowed?
350k death/tpd
350k ci
350k eci
Till 65/70/75
Pay 10y/15y

want to compare between both as feels like total amount I pay may be same. Maybe supplement the whole life w a term death coverage. Happy to hear thoughts too on why people pay term all the way, vs wholelife

Eci + ci cannot be more than death/tpd
Eci covers all stages including ci
Ci only covers late stage
I asssume u wanted to cover all stages, thus only 350k eci for wholelife?
Wholelife is slightly complicated.
how much base and how much multiplier and multiplier boost till what age?
Example
70k base, 5 x multiplier till age 70
Means coveage will be 350k till age 70 and drop to 70k after age 70

 

[boredboiboi]

Hi there thanks so much for the quote. May I know what will be the premiums for a 500k term death and tpd, 100k eci, 300k ci pls?

Thank you!!

Hsbc
500k death $303.87
500k tpd $39.00
100k eci $602.55
300k ci $639.00
Total $ 1584.42/year

Singlife
500k death $233.05
500k tpd $30.35
100k eci $627.40
300k ci $808.20
Total $1699.00/year

Etiqa
500k death $311.71
500k tpd $32.66
100k eci $930
300k ci $584.81
Total $1859.18/year

 

[darkgarnezh]

Eci + ci cannot be more than death/tpd
Eci covers all stages including ci
Ci only covers late stage
I asssume u wanted to cover all stages, thus only 350k eci for wholelife?
Wholelife is slightly complicated.
how much base and how much multiplier and multiplier boost till what age?
Example
70k base, 5 x multiplier till age 70
Means coveage will be 350k till age 70 and drop to 70k after age 70

Can do 70k base with 5x multiplier with 350k eci.
Understand diff co have diff limits of multiplier. And diff limits for eci amount too?

 

[boredboiboi]

Can do 70k base with 5x multiplier with 350k eci.
Understand diff co have diff limits of multiplier. And diff limits for eci amount too?

Yes correct some early stage max payout is 250k

 

[darkgarnezh]

Yes correct some early stage max payout is 250k

Possible to use 250k then to get some quotes? Since most would offer that level

 

[boredboiboi]

Possible to use 250k then to get some quotes? Since most would offer that level

Mostly is 300-350k
Just quote all 350k for easy reference else it will be messy with so many quotes

 

[boredboiboi]

36M ANB non-smoker.

Looking for term -
1m death/tpd,
350k ci
350k ci
Till 65/70/75

Can I also ask for whole life if its allowed?
350k death/tpd
350k ci
350k eci
Till 65/70/75
Pay 10y/15y

want to compare between both as feels like total amount I pay may be same. Maybe supplement the whole life w a term death coverage. Happy to hear thoughts too on why people pay term all the way, vs wholelife

36M ANB non-smoker.
1mil death/tpd
350k ci
350k ci
Till 65/70/75

Till 65
HSBC $3566.22/year
Etiqa $3370.53/year
Fwd $3189.28/year

Till 70
HSBC $4149.60/year
Etiqa $4050.97/year
Fwd $3684.53/year

Till 75
HSBC $4746.62/year
Etiqa $4849.20/year
Fwd $4279.23/year

Can I also ask for whole life if its allowed? 70k x 5
350k death/tpd
350k eci
Till 65/70/75
Pay 10y/15y

Pay 10yr
Till 65
Etiqa $9266.10/year
Singlife $7849.80/year

Till 70
Etiqa $9877.90/year
Singlife $9485/year
China Taiping $8944.95/year
Manulife $8249.68/year

Till 75
Etiqa $10613.60/year
Singlife $11274.20/year

Pay 15yr
Till 65
Etiqa $6623.20/year
Singlife $5518.80/year

Till 70
Etiqa $7058.60/year
Singlife $6630.40/year
Manulife $5876.35/year

Till 75
Etiqa $7583.60/year
Singlife $7878.40/year

 

[exterminazn]

36M ANB non-smoker.

Looking for term -
1m death/tpd,
350k ci
350k ci
Till 65/70/75

Can I also ask for whole life if its allowed?
350k death/tpd
350k ci
350k eci
Till 65/70/75
Pay 10y/15y

want to compare between both as feels like total amount I pay may be same. Maybe supplement the whole life w a term death coverage. Happy to hear thoughts too on why people pay term all the way, vs wholelife

Hi,

below GE quote

1) 1m death/tpd,
350k ci
350k ci
Till 65: $3210.20/year
Till 70: $3951.30/year
Till 75: $4789.20/year

2) wholelife
350k death/tpd
350k eci
20y payment term

till 65: $4345.40/year
Till 70: $5096.85/year
Till 75: $6329.50/year

cheers

 

[blurpandasg2014]

Can help quote for Female, ANB40, Non-smoker

100k multipay eci till age 70 & Age 75

and

500k term, Tpd and CI till 65/70/75

thank you

 

[boredboiboi]

Can help quote for Female, ANB40, Non-smoker

100k multipay eci till age 70 & Age 75

and

500k term, Tpd and CI till 65/70/75

thank you

100k multipay eci till age 70 & Age 75

Till 70
Singlife $2288/year
HSBC $1610/year

Till 75
Singlife $2516/year
HSBC $1777/year

and

500k term, Tpd and CI till 65/70/75
Till 65
Singlife $1905.10/year
HSBC $1828.12/year
Etiqa $2412.98/year
Fwd $1448/year

Till 70
Singlife $2026.30/year
HSBC $2128.91/year
Etiqa $2634.11/year
Fwd $1664/year

Till 75
Singlife $2196.75/year
HSBC $2469.18/year
Etiqa $3027.40/year
Fwd $1836.50/year

 

[blurpandasg2014]

100k multipay eci till age 70 & Age 75

Till 70
Singlife $2288/year
HSBC $1610/year

Till 75
Singlife $2516/year
HSBC $1777/year

and

500k term, Tpd and CI till 65/70/75
Till 65
Singlife $1905.10/year
HSBC $1828.12/year
Etiqa $2412.98/year
Fwd $1448/year

Till 70
Singlife $2026.30/year
HSBC $2128.91/year
Etiqa $2634.11/year
Fwd $1664/year

Till 75
Singlife $2196.75/year
HSBC $2469.18/year
Etiqa $3027.40/year
Fwd $1836.50/year

Thank you.