Advice for disability income

[blurpandasg2014]

compare btwn the 3

 

[kram62]

compare btwn the 3

GE has death payout of 6X Payout

 

[BBCWatcher]

It’d be nice to include the overseas residence/posting limits in these three policies. I’d also like to see a fourth column with Aviva’s MINDEF/MHA group DII, which has some very different terms including an age 70 limit.

 

[fr33d0m]

For GE total disability after 2 years is a bit weird. It says current occupation. What if the insured can work a different job, which benefit kicks in? Total disability benefit or partial disability benefit since there is additional income from a different job.

 

[TheHeist]

Hi,

I did a detailed comparison of aviva vs GE in this thread (see second post) https://forums.hardwarezone.com.sg/money-mind-210/disability-income-insurance-5963116.html

In the end I chose GE.

Any idea where to purchase this GE plan online?

 

[kram62]

Any idea where to purchase this GE plan online?

AFAIK cannot buy online. Online can leave contact info and an agent of GE will contact you.

I did that, meet once with the agent near my workplace to fill forms and sign.

Received policy letter after some time.

 

[xtwis7]

If you’re unable to work in your current occupation but another lower paying job due to the disability, it’ll be the partial working disability benefit.

Formula is such: [(Pre-disability income minus post-disability)/Pre-disability income]*insured monthly benefit

For GE total disability after 2 years is a bit weird. It says current occupation. What if the insured can work a different job, which benefit kicks in? Total disability benefit or partial disability benefit since there is additional income from a different job.