Frostylight
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Need advise on WL plan, Female 1986 May Age 31 non smoker. Currently have quotations for NTUC vivolife 350. I need GE, PRU, Manulife. Please help! With early CI and CI.
Manulife best liao.Need advise on WL plan, Female 1986 May Age 31 non smoker. Currently have quotations for NTUC vivolife 350. I need GE, PRU, Manulife. Please help! With early CI and CI.
Need advise on WL plan, Female 1986 May Age 31 non smoker. Currently have quotations for NTUC vivolife 350. I need GE, PRU, Manulife. Please help! With early CI and CI.
Should I get this for my kids before they develop any conditions?
Hi Frostylight.
Great to know that you are looking at an important aspect.
But there are a few pointers to take note as I was trying to generate a uptation for you I realised you did not state the coverage you are looking at.
Assuming your annual income is $48,000,
Singapore's standards would be to cover from 5-10times of your annual income as income replacement for yourself and your loved ones.
Another thing to consider would be your limited payment term, do tou orefer to pay more per month in short term overall or pay lesser per month but longer term overall?
Paying more per month in short term will allow you to save about 10-20k in overall premiums paid while the latter will allow you more liquid cash flow currently.
Do feel free to openly reply me here or PM me so that I could generate a quote most suitable to your needs.
Cheers
Hi,
I'm looking at around 60k sum assured for death, CI, tpd and 50k early CI. I do have recommendations from friends NTUC vivo life 350 and manulife life ready. As they have the 3.5 multiplier for vivo and 5x for manu life. I do want to have a good surrender value upon maturity too.
I have a brother 24 1993 Feb smoker would like to get a life plan too. Any recommendations?
If you are looking at 60k before multiplier, it sums up to 180k(for 3x) and 240k(for 4x).
Good surrender value meaning?
Do take note not to confuse life plan with savings and there is no maturity dates for Life Plan as technically the 'maturity' would be upon a claim for TPD/CI/Death.
There are many kinds of people,
some like the idea of buy term n invest the rest,
some like the idea of getting one substantial life plan coverage, a few savings and a few investments,
some like to buy life plan and want to cash out eventually when turning old and no commitments.
Frostylight you may wish to consider this few options as well so that you would not be torn in between compromising your coverage for cash returns or vice versa.
Let me work out the figures for you and reply you soonest with the amount.
Meanwhile you may wish to reply me with some questions or concerns you may have as well
Hi,
I would like to cash out when I'm old.Vivo life is offering 3.5 multiplier manulife is 5x cover till 70 both with CI and early ci So I would like to get some quotations before deciding
Hi,
I would like to cash out when I'm old.Vivo life is offering 3.5 multiplier manulife is 5x cover till 70 both with CI and early ci So I would like to get some quotations before deciding
To also add on a little more, whole-life being a more complex form of insurance policy (compared to Term life), insurers tends to add in fanciful stuff AKA features that may or may not make sense to you, which varies between insurers to insurers.
Basic comparison based solely on SA, PPT, premium, G + NG death benefit/Surrender Value may not give you a full complete picture for apple to apple comparison.
Furthermore, if we bring everything back to the very beginning, a whole life plan may not even actually fit your needs best. It may be a Term life + whole life combo, or a Term life + standalone CI combo, etc etc etc...
Most importantly is you sit down with an independent financial adviser whom you think you can give the benefit of doubt to, and then explore the possibilities together to find the most cost-effective solution which at the same time offers the most comprehensive coverage to all your obvious risk exposure and possible blind spots which have been previously overlooked.
PS: It can be very time consuming, but trust me it'd be worth it (if you find the right adviser).
can explain why is it the best?Manulife best liao.
can PM on the steps and what to look out for? I only 3 posts cant PM u ..To also add on a little more, whole-life being a more complex form of insurance policy (compared to Term life), insurers tends to add in fanciful stuff AKA features that may or may not make sense to you, which varies between insurers to insurers.
Basic comparison based solely on SA, PPT, premium, G + NG death benefit/Surrender Value may not give you a full complete picture for apple to apple comparison.
Furthermore, if we bring everything back to the very beginning, a whole life plan may not even actually fit your needs best. It may be a Term life + whole life combo, or a Term life + standalone CI combo, etc etc etc...
Most importantly is you sit down with an independent financial adviser whom you think you can give the benefit of doubt to, and then explore the possibilities together to find the most cost-effective solution which at the same time offers the most comprehensive coverage to all your obvious risk exposure and possible blind spots which have been previously overlooked.
PS: It can be very time consuming, but trust me it'd be worth it (if you find the right adviser).
I've seen many pitches of WL. But I just don't get it. I can think of how it can be of use in US due to estate tax. But in Singapore, I really can't think of the use case.
But at the same time, I believe everything exists for a reason. And many people are buying the product. So what am I missing here?