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Best Term Insurance Plan(Do Not Solicit for Pm)

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Old 25-09-2014, 05:31 PM   #151
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Would like to get a quote also:

Profile: Male, Non smoker, 28yo
Coverage: $1m Death & TPD, 500k CI
Term covered: Till 65yo / 75yo

Thanks!
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Old 25-09-2014, 05:57 PM   #152
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I am using Pruterm Vantage. 45 lollar a month cover $500k.
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Old 25-09-2014, 09:53 PM   #153
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I am using Pruterm Vantage. 45 lollar a month cover $500k.
so cheap? how is that possibe
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Old 25-09-2014, 10:05 PM   #154
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so cheap? how is that possibe
It depends on your purpose for insurance. My aim is to be covered for 25 years until my child(still in wife's tummy) graduate and becomes independent.

I also dont believe in CI. Adding CI just makes your premium more expensive, most with critical illness pass away a few weeks later anyway.

When im 55, i still have an option to extend my term.
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Old 25-09-2014, 10:55 PM   #155
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Everyone here keep asking for quotes covering up to 65, etc. Term policies is divided by renewable periods. As low as 5 year renewable term, 10 year renewable term, etc. 5 year renewable term is most likely to be cheaper than 25 year renewable teem because the just means every time you renew, the premium is higher.

Most expensive will be term that you are paying all the way to 65 if you are only 25 years old for example.

That said, the term plan mentioned seems quite well-priced. Is it purely death? Does it include tpd?
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Old 26-09-2014, 12:07 AM   #156
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It depends on your purpose for insurance. My aim is to be covered for 25 years until my child(still in wife's tummy) graduate and becomes independent.

I also dont believe in CI. Adding CI just makes your premium more expensive, most with critical illness pass away a few weeks later anyway.

When im 55, i still have an option to extend my term.
this is so not true...

anyway

Spoiler!
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Old 26-09-2014, 01:15 AM   #157
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Just bought a $100/mth term insurance plan (Death,TPD,CI) from GE. Coverage 350k, last till age 75 (50-year term plan).
I read from net that we should not buy over retirement age.
However, i was thinking that if anything happens during the 50 year plan, at least my family members(parents, sibilings) can still get the money.

What do you guys think ? Should I cut the years or amend it after a few years later ?
To me , age 75 like over insured already
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Old 26-09-2014, 08:27 AM   #158
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Just bought a $100/mth term insurance plan (Death,TPD,CI) from GE. Coverage 350k, last till age 75 (50-year term plan).
I read from net that we should not buy over retirement age.
However, i was thinking that if anything happens during the 50 year plan, at least my family members(parents, sibilings) can still get the money.

What do you guys think ? Should I cut the years or amend it after a few years later ?
Hi Yumiko,

A term insurance plan is best used to top up coverage especially during the years when you have liabilities (e.g Dependents).

However during your retirement of say 60 years old, you may want to cease your term policy and to depend on a limited life plan instead for the remaining years. In this manner, you would not need to continue making payments for the term insurance coverage till age 75 and still you are being covered.

Perhaps you may want to pm me your details so that I may advise you further?

Thanks.
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Old 26-09-2014, 08:33 AM   #159
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Everyone here keep asking for quotes covering up to 65, etc. Term policies is divided by renewable periods. As low as 5 year renewable term, 10 year renewable term, etc. 5 year renewable term is most likely to be cheaper than 25 year renewable teem because the just means every time you renew, the premium is higher.

Most expensive will be term that you are paying all the way to 65 if you are only 25 years old for example.

That said, the term plan mentioned seems quite well-priced. Is it purely death? Does it include tpd?
Yes mine includes, disability benefits(sum assured $500k). Terminal illness(sum assured $500k)
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Old 26-09-2014, 09:51 AM   #160
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Yes mine includes, disability benefits(sum assured $500k). Terminal illness(sum assured $500k)
Sounds like a pretty sweet deal.
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Old 26-09-2014, 02:31 PM   #161
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Sounds like a pretty sweet deal.
yes sound pretty good, can intro your agent?
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Old 26-09-2014, 02:49 PM   #162
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yes sound pretty good, can intro your agent?
Sure you can pm me if you are interested
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Old 26-09-2014, 07:19 PM   #163
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It depends on your purpose for insurance. My aim is to be covered for 25 years until my child(still in wife's tummy) graduate and becomes independent.

I also dont believe in CI. Adding CI just makes your premium more expensive, most with critical illness pass away a few weeks later anyway.

When im 55, i still have an option to extend my term.
Hi there !

Sory to hijack. you might want to read up on the policy bi or booklet given from your agent.

As I strongly dont remember they have an option to extend the term. Unless but that you mean to get another term plan at age 55

Cheers !
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Old 27-09-2014, 08:33 AM   #164
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Hi there !

Sory to hijack. you might want to read up on the policy bi or booklet given from your agent.

As I strongly dont remember they have an option to extend the term. Unless but that you mean to get another term plan at age 55

Cheers !
Well, for term insurance, you can cancel anytime and there is no penalty, you can buy another term after you hit 55 no one is stopping you. But i dont think it is necessary since once i hit 55 my aims are fulfilled. I will most likely buy a good shield plan then for hospitalisation(currently using corporate group plan $240 a year)
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Old 27-09-2014, 08:39 AM   #165
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Well, for term insurance, you can cancel anytime and there is no penalty, you can buy another term after you hit 55 no one is stopping you. But i dont think it is necessary since once i hit 55 my aims are fulfilled. I will most likely buy a good shield plan then for hospitalisation(currently using corporate group plan $240 a year)
Hi I had to point this out.. Yes you might be relying on Corporate Plan now but does it follow you if you leave the company for whatever reason?

And also, when you're retiring, will you still be able to get a hospitalization plan? Possibly due to illnesses in the earlier days, you might be denied. These 2 factors might be detrimental to you and your family if corporate plan is what you're relying on only.
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