best 1mil term plan now

[MikeZhang]

aviva very smart..

cover term until 85 only..

now life expectancy is already 83-89.. increase every few years

no critical illness, so even ur sick for the last few years and u die after 85 u get zero and u pay for life!!!! tsk tsk... think twice....

Aviva term do cover critical illness accelerate rider till age 99. Not sure where you get the info from....

 

[streetguy28]

i am talking about using discounts to attract more people to buy the term till 85.

of course, the keyboard warriors here in HWZ are the smartest and most informed so will not get enticed just by "cheaper" and will know their actual needs

 

[Tornesoul]

was offered this 1mil term plan, seems like overkill for a mid 20s guy?

any advice?

 

[SBC]

Can start with aviva saf 300k to 500k.

 

[chopra]

aviva very smart..

cover term until 85 only..

now life expectancy is already 83-89.. increase every few years

no critical illness, so even ur sick for the last few years and u die after 85 u get zero and u pay for life!!!! tsk tsk... think twice....

Must see ur reason for buying term.
U spoonfeeding your grandchildren ah?
Or u think ur-then 80-ish wife need 250k (future value of 1mill)

 

[SBC]

Bought term as I believe in BTIR. Vested in property, using term as mortgage policy.

 

[chopra]

Bought term as I believe in BTIR. Vested in property, using term as mortgage policy.

same. My specific question is different term maturity caters to different needs.


term to 60, or to 65, or to 70 ==> maybe for mortgage or for dependants

Term to 85, or even to 99 ==> I suppose is for grandchildren dependants or for projected long-lived spouse.

You must reason out properly, before deciding when to end your term insurance.

 

[foozgarden]

quite funny...
didnt realise got so many insurance agents lurking around!
suddenly mailbox flooded!

 

[dexboi]

was offered this 1mil term plan, seems like overkill for a mid 20s guy?

any advice?

no problem at all. if you can afford, just take it. you will lock in a good premium rate at your age.

I have 1mil coverage at mid-20s too paying just $125/mth with some other riders attached. overall, i would say its worth it.

 

[Niaoson]

no problem at all. if you can afford, just take it. you will lock in a good premium rate at your age.

I have 1mil coverage at mid-20s too paying just $125/mth with some other riders attached. overall, i would say its worth it.

Can you share your plan details, please? $125 for 1 mil coverage with riders seems like a good deal!

 

[dexboi]

MyProtector-Level Plus (price is after 10% perpetual discount promotion) you can get better promo now @ 20% perpetually off the total till 31Mar2016.

Premium Age: Mid-20s
Death/TI/TPD 1mil - $93.00
Male Illness 30k - $5.00
Enhanced CI 200k - $27.00

I have Early CI and Enhanced CI on SAF Aviva policy too. So did not load too much of CI on MyProtector Term plan. Hope it helps.

 

[foozgarden]

MyProtector-Level Plus (price is after 10% perpetual discount promotion) you can get better promo now @ 20% perpetually off the total till 31Mar2016.

Premium Age: Mid-20s
Death/TI/TPD 1mil - $93.00
Male Illness 30k - $5.00
Enhanced CI 200k - $27.00

I have Early CI and Enhanced CI on SAF Aviva policy too. So did not load too much of CI on MyProtector Term plan. Hope it helps.

whats the diff between the myprotector and SAF avivia?
arent they both term plans?

 

[Tornesoul]

MyProtector-Level Plus (price is after 10% perpetual discount promotion) you can get better promo now @ 20% perpetually off the total till 31Mar2016.

Premium Age: Mid-20s
Death/TI/TPD 1mil - $93.00
Male Illness 30k - $5.00
Enhanced CI 200k - $27.00

I have Early CI and Enhanced CI on SAF Aviva policy too. So did not load too much of CI on MyProtector Term plan. Hope it helps.

wah wats this male illness thing

 

[mksing]

wah wats this male illness thing

I also tried searching for the details of Male Illness but their brochure give no information about it except saying there is such an add-on to the policy.

 

[foozgarden]

I also tried searching for the details of Male Illness but their brochure give no information about it except saying there is such an add-on to the policy.

male illness?!!!!!
wth does that mean?! sounds scary sia

 

[life_is_great]

male illness?!!!!!
wth does that mean?! sounds scary sia

I also tried searching for the details of Male Illness but their brochure give no information about it except saying there is such an add-on to the policy.

wah wats this male illness thing

lol... illness that are most common in male..

Covered Male illnesses:
1. Cancer of the Testicle
2. Cancer of the Penis
3. Cancer of the Prostate
4. Cancer of the Lung
5. Cancer of the Colon
6. Cancer of the Liver

Covered Surgical benefits
1. Open Surgery for Removal of Kidney Stones
2. Facial Reconstructive Surgery due to Accident
3. Skin Transplant for Accidental Burns

Maximum insurable amount is 50K

There's also one for female illnesses.

 

[knightcover]

My protector plus level. Just got my $1M plan from diyinsurance

ahboy82 (>100k pa) said so HardwareZone Forums app

 

[dexboi]

whats the diff between the myprotector and SAF avivia?
arent they both term plans?

Yes they are both Term plans, but a Personal Insurance and a Group Insurance differs greatly.

Few things that i can think of quickly:

- You cannot write a Will on Group Insurance.
- You cannot own the SAF Group Insurance policy. (cos its not yours)
- Group Insurance is subjected group liability. i.e. SAF
- Your SAF coverage, however much you have, will get reduced back to $100k from 65yo onwards.
- Premiums for SAF riders are not fixed. They increases as you age.

 

[dexboi]

lol... illness that are most common in male..

Covered Male illnesses:
1. Cancer of the Testicle
2. Cancer of the Penis
3. Cancer of the Prostate
4. Cancer of the Lung
5. Cancer of the Colon
6. Cancer of the Liver

Covered Surgical benefits
1. Open Surgery for Removal of Kidney Stones
2. Facial Reconstructive Surgery due to Accident
3. Skin Transplant for Accidental Burns

Maximum insurable amount is 50K

There's also one for female illnesses.

It was just $5/mth for me @ 30k coverage. My female RM didn't tell me about this, i spotted it when she did the proposal documentation. The coverage looks good. So I requested for it to be added on. I guess she was too shy to bring this up.

 

[foozgarden]

It was just $5/mth for me @ 30k coverage. My female RM didn't tell me about this, i spotted it when she did the proposal documentation. The coverage looks good. So I requested for it to be added on. I guess she was too shy to bring this up.

haha... not sure how she will react, if you ask her "whats the first 3 items on the list?".