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Best Term Insurance Plan(Do Not Solicit for Pm)

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Old 13-04-2018, 11:56 AM   #3541
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Premiums increase exponentially to 99 years.
So in general, we will know it is not worth it (insurance companies won't make losing business - they have best actuaries to maximize their profits).
Term insurance is usually most cost effective if you only cover till 60-65 years old.
Doesnt the premiums stays as it is once u buy the insurance? I think it increases exponentially for those with renewable plans? If not to my understanding, once i buy it to 99 of age, the premiums should stay as it is. Please correct me if im wrong.
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Old 13-04-2018, 01:27 PM   #3542
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Doesnt the premiums stays as it is once u buy the insurance? I think it increases exponentially for those with renewable plans? If not to my understanding, once i buy it to 99 of age, the premiums should stay as it is. Please correct me if im wrong.
What he meant is, the premiums of course will be locked in at the age which one have bought.

However if the coverage period will be to be extended from 65/70 to 99, the premium per coverage year will be increase exponentially, due to the higher claim possibility
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Old 22-04-2018, 10:05 PM   #3543
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Hi there, could I get a quote for:

Male, 30, non-smoker
Sum assured 350k and CI 350k

Male, 31, smoker
Sum assured 350k and CI 350k

Both also until 65, thanks a lot!
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Old 23-04-2018, 12:45 AM   #3544
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Hi there, could I get a quote for:

Male, 30, non-smoker
Sum assured 350k and CI 350k

Male, 31, smoker
Sum assured 350k and CI 350k

Both also until 65, thanks a lot!
Sure,

Male, 30, non-smoker
Sum assured Death/TPD 350k and CI 350k
Coverage till age 65: $1,069/year.

Male, 31, smoker
Sum assured Death/TPD 350k and CI 350k
Coverage till age 65: $1,653.70/year.
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Old 23-04-2018, 11:23 AM   #3545
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Thanks, appreciate it.
What if we changed sum assured to 700k, with CI at 250k. What would the quote be for both?

Sure,

Male, 30, non-smoker
Sum assured Death/TPD 350k and CI 350k
Coverage till age 65: $1,069/year.

Male, 31, smoker
Sum assured Death/TPD 350k and CI 350k
Coverage till age 65: $1,653.70/year.
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Old 24-04-2018, 12:06 AM   #3546
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Thanks, appreciate it.
What if we changed sum assured to 700k, with CI at 250k. What would the quote be for both?
No problem,

Male, 30, non-smoker
Sum assured Death/TPD 700k and CI 250k
Coverage till age 65: $1,147.30/year.

Male, 31, smoker
Sum assured Death/TPD 700k and CI 250k
Coverage till age 65: $1,719.95/year.
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Old 24-04-2018, 02:14 AM   #3547
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Aviva GTL if you are referring to, cheap until age 65. It should never be your main or core plan.

Cannot do nomination also. It’s a group insurance that’s why it’s cheap. Good to have. Suggest just keep if you still have it

But if you are looking for longer coverage, add another whole life, ILP or term whichever suits to your needs

Asking a noob question in 2018

Anyone know what is the drawback for Aviva? seem like Aviva is a lot cheaper than Prudential and Great Eastern. I realise Aviva term is much cheaper than the GE or Aia term

I mean they confirm have some drawback right, cannot so cheap, if not Prudential and GE or AIA those close down liao
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Old 25-04-2018, 09:00 AM   #3548
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A qns, hope to get some advice

If I were to only get term to be insured till 65yo.

In the event if I were to be bedridden at 66yo due to some illness, am I screwed since I am not insured for anything? What can I do to mitigate this risk?

Thanks
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Old 25-04-2018, 11:01 AM   #3549
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Yup. You just need to get a longer coverage. Maybe term to 75 or 99? Or a whole life plan?

A qns, hope to get some advice

If I were to only get term to be insured till 65yo.

In the event if I were to be bedridden at 66yo due to some illness, am I screwed since I am not insured for anything? What can I do to mitigate this risk?

Thanks
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Old 25-04-2018, 11:14 AM   #3550
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A qns, hope to get some advice

If I were to only get term to be insured till 65yo.

In the event if I were to be bedridden at 66yo due to some illness, am I screwed since I am not insured for anything? What can I do to mitigate this risk?

Thanks
have to dip into ur retirement capital
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Old 26-04-2018, 08:24 AM   #3551
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Would like some quotes too. Looking for term till 99. 200k death coverage with accelerated ci.

26 anb, non smoker, male. Thanks.

Sent from Ilovennp using GAGT
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Old 26-04-2018, 10:49 AM   #3552
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Would like some quotes too. Looking for term till 99. 200k death coverage with accelerated ci.

26 anb, non smoker, male. Thanks.

Sent from Ilovennp using GAGT
For your profile

$200k death/TPD/ accelerated CI
Till 99: $1,427.06/year.
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Old 26-04-2018, 03:37 PM   #3553
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Term till 99
200k death + accelerated CI

$1505.92 per annum (regular)
$2823.92 per annum (20 years limited)
$3435.92 per annum (15 years limited)

Advance TPD coverage till age 70

Would like some quotes too. Looking for term till 99. 200k death coverage with accelerated ci.

26 anb, non smoker, male. Thanks.

Sent from Ilovennp using GAGT
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Old 29-04-2018, 01:48 PM   #3554
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For Aviva policy do we have to pay on a yearly basis? I’m currently on AIA paying monthly and I’m not quite sure is this available to other insurers as well
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Old 29-04-2018, 02:37 PM   #3555
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For Aviva policy do we have to pay on a yearly basis? I’m currently on AIA paying monthly and I’m not quite sure is this available to other insurers as well
Nope, you have the options to pay monthly, quarterly, half-yearly and yearly.

Just that paying half-yearly and yearly are better for discount. or from another POV, less loading incur from paying monthly/quarterly.
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Last edited by mSnooze; 29-04-2018 at 02:41 PM..
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