Another ILP Case...

[FP_IFA]

Shiny Things, there are cheaper whole life plan in that website. Do take a look at the HSBC plan then do your calculation again. Choosing the most expensive whole life plan vs the cheapest term is unfair in so many ways.

Also why focus on surrender value instead of death benefit?

 

[Perisher]

Shiny Things, there are cheaper whole life plan in that website. Do take a look at the HSBC plan then do your calculation again. Choosing the most expensive whole life plan vs the cheapest term is unfair in so many ways.

Also why focus on surrender value instead of death benefit?

Because BTIR is more for retirement?

 

[FP_IFA]

Because BTIR is more for retirement?

And whole life plan is for retirement?

 

[Perisher]

And whole life plan is for retirement?

And so why focus on death benefits?

 

[FP_IFA]

And so why focus on death benefits?

Because you buy a whole life plan so that it can pay you for death and CI at any time of your life. If you want a plan for retirement, why get a whole life plan?

 

[FP_IFA]

Anyway sorry if I upset anyone. Keep an open mind. Both methods have its merits.

 

[Perisher]

Because you buy a whole life plan so that it can pay you for death and CI at any time of your life. If you want a plan for retirement, why get a whole life plan?

Never intend to get a whole life plan. Just using it to compare BTIR with wholelife because someone else kept insisting on it, not you.

 

[Perisher]

Anyway sorry if I upset anyone. Keep an open mind. Both methods have its merits.

No worries, I wasn't offended if you are referring to me. Or maybe not?
After someone else has a pretty lengthy argument about wholelife vs BTIR, what's your take?

 

[Darkzi0n]

Shiny Things, there are cheaper whole life plan in that website. Do take a look at the HSBC plan then do your calculation again. Choosing the most expensive whole life plan vs the cheapest term is unfair in so many ways.

Also why focus on surrender value instead of death benefit?

Because you buy a whole life plan so that it can pay you for death and CI at any time of your life. If you want a plan for retirement, why get a whole life plan?

using shiny's example.

if die before WL break even:
BTIR = 100k coverage + investment returns
whole life = 100k

if die after term plan ends:
BTIR = 400k++
whole life = 100k ++