Advice on Insurance

[SallyA.]

Female, 22, non-smoker

Hi guys, any advices for such plans?

I was advised by my parents agents on these products

Prulink protection plus account SA: $100K
-total & permanent disability SA:$100K
-crisis provider iii SA:$50K
-early crisis cover provider, crisis waiver iii SA:50K
yearly premium of 1.9k

along with..

Prulife multiplier 15yr sa: $40k
-early crisis cover multiplier SA: $40k
yearly premium $1.6

NTUC agent recommend this
VivoCare 100 (EVRQ)
-policy term: Whole Life, SA $100K
VivoCare 100 - Protection Benefit (EVV1)
-policy term: Up to age 65. SA $200K
VivoCare 100 - Dread Disease (EVV2)
-policy term: Whole Life, SA $100K
total annual premium: $2.4k

Do not want to end up buying wrong policy..
currently I have no insurance at all. prud agent advise me on buying the investment link with healthcare insurance, money can be more easily liquid out for use. but ntuc agent mentioned vivocare 100 has better comprehensive more valued coverage. Going to start work after a year when I grad

edit: i have shield, but no life policy

 

[Relia_tan]

Hello SallyA

You should ask the agents to share more regarding Integrated Shield Plan and its respective riders with you. Such plans ensure that your hospital bills are well taken care of.

The premiums are hundreds of dollar a year payable via Medisave (CPF section). The riders are cash-only and can be paid monthly or annually. Take note both premiums increase with Age Band.

 

[SallyA.]

Hello SallyA

You should ask the agents to share more regarding Integrated Shield Plan and its respective riders with you. Such plans ensure that your hospital bills are well taken care of.

The premiums are hundreds of dollar a year payable via Medisave (CPF section). The riders are cash-only and can be paid monthly or annually. Take note both premiums increase with Age Band.

Yes yes, I currently have Enhanced IncomeShield (Preferred Plan) and Plus Rider. but my prud agent advise me to swap over cause cheaper. However, my ntuc agent advise theirs is cheaper in the long run

 

[Relia_tan]

SallyA!

That's good to hear! Every plan has their own advantages, so long as yours is satisfying your needed benefits after comparison you are all set!

 

[gctmls]

Ntuc will be cheaper in the Long run when cash top ups are concerned

 

[akwl88]

get term plan and hospitalization plan. enough liao. term plan less than 1k premiums per year with $500,000 coverage for death and tpd, $200,000 for ci

 

[jeffrey745]

Yes yes, I currently have Enhanced IncomeShield (Preferred Plan) and Plus Rider. but my prud agent advise me to swap over cause cheaper. However, my ntuc agent advise theirs is cheaper in the long run

Haha all agents will say their integrated shield plans cheapest in long run n best.... Bt of cus premiums n non guaranteed....

 

[anfielder]

PPA is an investment linked account. Try to separate your insurance and investment needs so that you don't end up paying exorbitant charges.

 

[y2kbug]

get term plan and hospitalization plan. enough liao. term plan less than 1k premiums per year with $500,000 coverage for death and tpd, $200,000 for ci

Which plan u referring to? Care to share. Premium less than 1k sound great

 

[blurpandasg2014]

Ur parent prudential agent seems fishy. Recommend things that don't really benefit u such as ilp

Having said that, u shld look for agents who have products from multiple companies to compare. There are much better products out there den those which u mentioned

 

[MikeZhang]

Yes yes, I currently have Enhanced IncomeShield (Preferred Plan) and Plus Rider. but my prud agent advise me to swap over cause cheaper. However, my ntuc agent advise theirs is cheaper in the long run

Yes. Long run NTUC cheaper for now. Why not assist rider? Co-insurance capped at 3k per year.