Best Term Insurance Plan(Do Not Solicit for Pm)

xtwis7

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Sometimes if I provide both premiums it’s clearer. Moving forward I’ll just take note of that to be clearer.
 

shunshunlili

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Hi like to request quotes for

ANB 33 / M / Non Smoker
Iife Insurance

1) Base $62,500 x 2 Multiplier until age 70 for death/TPD
ECI $62,500 x 2

payable 25 years

2) Base $40,000 x 5 Multiplier until age 70 for death/TPD
ECI $25,000 x 5, CI $25,000 x 5

payable 25 years

Thanks!
 

winthony

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Hi like to request quotes for

ANB 33 / M / Non Smoker
Iife Insurance

1) Base $62,500 x 2 Multiplier until age 70 for death/TPD
ECI $62,500 x 2

payable 25 years

2) Base $40,000 x 5 Multiplier until age 70 for death/TPD
ECI $25,000 x 5, CI $25,000 x 5

payable 25 years

Thanks!

Hello, this would be whole life plan correct? Because term plan does not have multiplier! Will quote you accordingly :)

For your second quotation, it would not be possible as both base for ECI and CI exceeds the base for death. Unless you are looking for 20k each!

1) Base $62,500 x 2 Multiplier until age 70 for death/TPD
ECI $62,500 x 2
payable 25 years


Company A - $2169.45/annually
Company M - $2145.83/annually
Company N - $2072.20/annually ( Must set CI to be $62,500 and ECI can only be $52,500)
 
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shunshunlili

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Hello, this would be whole life plan correct? Because term plan does not have multiplier! Will quote you accordingly :)

For your second quotation, it would not be possible as both base for ECI and CI exceeds the base for death. Unless you are looking for 20k each!

1) Base $62,500 x 2 Multiplier until age 70 for death/TPD
ECI $62,500 x 2
payable 25 years


Company A - $2169.45/annually
Company M - $2145.83/annually
Thanks for the quick response! Can I ask for 20k each for the second one?
 

winthony

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Thanks for the quick response! Can I ask for 20k each for the second one?
No worries!
For 20k wise, both company A and M cannot quote because it falls below the minimum quotable sum assured!

Company N and Company T do provide that

Company N - $1690.50/annually
Company T - $2585.05/annually

Do note that Company N's riders work quite differently from other companies when it comes to claiming for ECI/CI as other companies' ECI riders do cover all stages of CIs whereas company N's ECI covers early and intermediate stage only. Thus in the event of an ECI claim, other companies do allow drawing from both ECI and CI rider whereas company N can only draw from ECI rider
 
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xtwis7

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Hi like to request quotes for

ANB 33 / M / Non Smoker
Iife Insurance

1) Base $62,500 x 2 Multiplier until age 70 for death/TPD
ECI $62,500 x 2

payable 25 years

2) Base $40,000 x 5 Multiplier until age 70 for death/TPD
ECI $25,000 x 5, CI $25,000 x 5

payable 25 years

Thanks!
I can provide you with some quotes for GE’s life policy. Just note that the premium term is only fixed at 20 years or till 65.

Unlike other multipliers, GE’s one is slightly different where there’s a similar base amount plus a booster which doesn’t follow the normal X2/3/4/5 multiplier. You just decide the booster which is exactly like a term policy so hence you can just decide to take a plain base amount without any multiplier.
 

boredboiboi

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Hi like to request quotes for

ANB 33 / M / Non Smoker
Iife Insurance

1) Base $62,500 x 2 Multiplier until age 70 for death/TPD
ECI $62,500 x 2

payable 25 years

2) Base $40,000 x 5 Multiplier until age 70 for death/TPD
ECI $25,000 x 5, CI $25,000 x 5

payable 25 years

Thanks!
For 2nd quote will suggest u to go for base 50k as eci + ci cannot exceed death/tpd and with 50k base, it will be slightly more only as there is an large sum discount pricing.

1st quote
Company A - $2169.45/year
Company M - $2145.83/year
Company N cannot be done as there must be balance for late ci, their rider works differently.

2nd quote will be base on 50k base death/tpd, 25k eci and 25k ci
Company A - cannot be done as min for eci is 30k and balance for ci min is 25k
Company M - $2252.42/year

and do note that company N rider works very different from others. The eci only covers early and intermediate stage while others covers all stages. Which mean company N 20k for ci and 20k for eci is equal to other company 20k eci rider.
 
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xtwis7

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Hi like to request quotes for

ANB 33 / M / Non Smoker
Iife Insurance

1) Base $62,500 x 2 Multiplier until age 70 for death/TPD
ECI $62,500 x 2

payable 25 years

2) Base $40,000 x 5 Multiplier until age 70 for death/TPD
ECI $25,000 x 5, CI $25,000 x 5

payable 25 years

Thanks!
Hi. For GE's whole life, base amount needs to be in multiples of $5k so I'll base it on $60k (Base) + $65k (Booster). Premium of $2,364.80/yr is based on 20 year premium term so total premiums paid is $47,296.

Base has a minimum of $30k and booster has a minimum of $50k so your $20k each option can't be quoted unfortunately.
 

hmmmeh

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Hi like to request quotes for life insurance plan.

1) Next bday 33 / M / Non Smoker

Multiplier till age 70.

$50k x 4 =$200k
ECI/CI/TPD/Death =$200k
Payment term : 25 years

Also if not troublesome, can know what's the sum assured (cash value + $50k basic sum insured) after multiplier ends.

2) Next bday 2 / M
Multiplier till age 70
Payment term 10 years.

i) $50k x 3 = $150k
ECI/CI = $75k each
TPD/Death =$150k

ii) $50k x 3 = $150k
ECI/CI/TPD/Death = 150k

ii) $50k x 4 = $200k
ECI/CI = $100k
TPD/Death = $100k

iv) $50k x 4 = $200k
ECI/CI/TPD/Death = $200k


TIA!
 

winthony

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Hi like to request quotes for life insurance plan.

1) Next bday 33 / M / Non Smoker

Multiplier till age 70.

$50k x 4 =$200k
ECI/CI/TPD/Death =$200k
Payment term : 25 years

Also if not troublesome, can know what's the sum assured (cash value + $50k basic sum insured) after multiplier ends.

2) Next bday 2 / M
Multiplier till age 70
Payment term 10 years.

i) $50k x 3 = $150k
ECI/CI = $75k each
TPD/Death =$150k

ii) $50k x 3 = $150k
ECI/CI/TPD/Death = 150k

ii) $50k x 4 = $200k
ECI/CI = $100k
TPD/Death = $100k

iv) $50k x 4 = $200k
ECI/CI/TPD/Death = $200k


TIA!

Hello! Will quote you accordingly but need to understand a little bit.

For your ECI/CI rider, i assumed it would be 50k base with 4x multiplier as well? Most insurers' ECI riders covers both CI and ECIs so in this case you would have 1 rider attached only. Also, for your ECI/CI riders' sum assured, it cannot exceed the base sum so

After multiplier ends, your sum assured would be the base of $50k + cash value correct, but to determine how much cash value is inside, none of us would really know until the day comes as the policy illustration is merely giving a suggested figure which is non-guaranteed.

Will quote the more popular ones since there would be alot of quotations in one post and you will go dizzy :s13:

ANB 33/M/Non Smoker

$50k death/tpd + $50k ECI with 4x multiplier till age 70 and a PPT of 25 years
Company A - $2507/annually
Company M - $2250.66/annually


ANB 2/M/Non Smoker
$50k death/tpd + $25k ECI + $25k CI with 3x multiplier till age 70 and a PPT of 10 years
Company A - N/A as rider's minimum base sum must be $30k
Company M - $1673.43/annually

$50k death/tpd + $50k ECI with 3x multiplier till age 70 and a PPT of 10 years
Company A - $1808/annually
Company M - $1930.91/annually

$50k death/tpd + $25k ECI + $25k CI with 4x multiplier till age 70 and a PPT of 10 years
Company A - N/A as rider's minimum base sum must be $30k
Company M - $1808.60/annually

$50k death/tpd + $50k ECI with 4x multiplier till age 70 and a PPT of 10 years
Company A - $2101/annually
Company M - $2108.60/annually
 
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boredboiboi

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Hi like to request quotes for life insurance plan.

1) Next bday 33 / M / Non Smoker

Multiplier till age 70.

$50k x 4 =$200k
ECI/CI/TPD/Death =$200k
Payment term : 25 years

Also if not troublesome, can know what's the sum assured (cash value + $50k basic sum insured) after multiplier ends.

2) Next bday 2 / M
Multiplier till age 70
Payment term 10 years.

i) $50k x 3 = $150k
ECI/CI = $75k each
TPD/Death =$150k

ii) $50k x 3 = $150k
ECI/CI/TPD/Death = 150k

ii) $50k x 4 = $200k
ECI/CI = $100k
TPD/Death = $100k

iv) $50k x 4 = $200k
ECI/CI/TPD/Death = $200k


TIA!

i assume ur eci/ci means to covers all stages which most eci rider is what u need.
If u need eci + ci, it cannot exceed ur base.

wholelife plan usually only quote company A and M for their popularity and premium.


1) Next bday 33 / M / Non Smoker

Multiplier till age 70.

$50k x 4 =$200k
ECI/CI/TPD/Death =$200k
Payment term : 25 years

Company A - $2507/year
Cash value at age 70 - $29250(guaranteed) + $28674(non guaranteed @ 4.75%)

Company M - $2250.66/year (premium is before health advantage discount)
Cash value at age 70 - $29500(guaranteed) + $31106(non guaranteed @ 4.75%)

2) Next bday 2 / M
Multiplier till age 70
Payment term 10 years.

i) $50k x 3 = $150k
ECI/CI = $75k each
TPD/Death =$150k

Company A - Cannot be done as eci or ci rider base min is $30k

Company M - $1673.43/year
Cash value at age 70 - $31150(guaranteed) + $69262(non guaranteed @ 4.75%)

ii) $50k x 3 = $150k
ECI/CI/TPD/Death = 150k

Company A - $1808/year
Cash value at age 70 - $29750(guaranteed) + $71155(non guaranteed @ 4.75%)

Company M - $1930.91/year
Cash value at age 70 - $31150(guaranteed) + $69262(non guaranteed @ 4.75%)

iii) $50k x 4 = $200k
ECI/CI = $100k
TPD/Death = $100k
For this I assume is 100k eci rider

Company A - which cannot be done also as its $25k while min is $30k base for rider

Company M - $1619.10/year
Cash value at age 70 - $31150(guaranteed) + $69262(non guaranteed @ 4.75%)

iv) $50k x 4 = $200k
ECI/CI/TPD/Death = $200k

Company A - $2101/year
Cash value at age 70 - $29750(guaranteed) + $71155(non guaranteed @ 4.75%)

Company M - $2107.60/year
Cash value at age 70 - $31150(guaranteed) + $69262(non guaranteed @ 4.75%)
 
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hmmmeh

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Hello! Will quote you accordingly but need to understand a little bit.

For your ECI/CI rider, i assumed it would be 50k base with 4x multiplier as well? Most insurers' ECI riders covers both CI and ECIs so in this case you would have 1 rider attached only. Also, for your ECI/CI riders' sum assured, it cannot exceed the base sum so

After multiplier ends, your sum assured would be the base of $50k + cash value correct, but to determine how much cash value is inside, none of us would really know until the day comes as the policy illustration is merely giving a suggested figure which is non-guaranteed.

Will quote the more popular ones since there would be alot of quotations in one post and you will go dizzy :s13:

ANB 33/M/Non Smoker

$50k death/tpd + $50k ECI with 4x multiplier till age 70 and a PPT of 25 years
Company A - $2507/annually
Company M - $2250.66/annually


ANB 2/M/Non Smoker
$50k death/tpd + $25k ECI + $25k CI with 3x multiplier till age 70 and a PPT of 10 years
Company A - N/A as rider's minimum base sum must be $30k
Company M - $1673.43/annually

$50k death/tpd + $50k ECI with 3x multiplier till age 70 and a PPT of 10 years
Company A - $1808/annually
Company M - $1930.91/annually

$50k death/tpd + $25k ECI + $25k CI with 4x multiplier till age 70 and a PPT of 10 years
Company A - N/A as rider's minimum base sum must be $30k
Company M - $1808.60/annually

$50k death/tpd + $50k ECI with 4x multiplier till age 70 and a PPT of 10 years
Company A - $2101/annually
Company M - $2108.60/annually
Hi,

Thanks for your response!

Could you quote me for the following as well : -

ANB 33/M/Non Smoker

$50,000 x 4 = $200k till age 70
ECI = $100k
CI = $100k
TPD/Death = $200k

ANB 2/M/Non Smoker

$50,000 x 5 = $250k till age 70
ECI = $250k
TPD/Death = $250k
 

winthony

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Hi,

Thanks for your response!

Could you quote me for the following as well : -

ANB 33/M/Non Smoker

$50,000 x 4 = $200k till age 70
ECI = $100k
CI = $100k
TPD/Death = $200k

ANB 2/M/Non Smoker

$50,000 x 5 = $250k till age 70
ECI = $250k
TPD/Death = $250k
You're welcome! I assumed for the ANB 33 is still a 25 years PPT and the ANB 2 is a 10 years PPT?

ANB 33/M/Non Smoker

$50k death/tpd + $25k ECI + $25k CI with 4x multiplier till age 70 and a PPT of 25 years
Company A - N/A as rider's minimum base sum must be $30k
Company M - $2027.47/annually

ANB 2/M/Non Smoker

$50k death/tpd + $50k ECI with 5x multiplier till age 70 and a PPT of 10 years
Company A - $2390/annually
Company M - $2288.62/annually
 

boredboiboi

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Hi,

Thanks for your response!

Could you quote me for the following as well : -

ANB 33/M/Non Smoker

$50,000 x 4 = $200k till age 70
ECI = $100k
CI = $100k
TPD/Death = $200k

ANB 2/M/Non Smoker

$50,000 x 5 = $250k till age 70
ECI = $250k
TPD/Death = $250k


1) ANB 33/M/Non Smoker
Pay 25 years

$50,000 x 4 = $200k till age 70
ECI = $100k
CI = $100k
TPD/Death = $200k


Company A - Not available as base rider min is $30k

Company M - $2027.47/year
Cash value at age 70 - $29500(guaranteed) + $31106(non guaranteed @ 4.75%)

2) ANB 2/M/Non Smoker
Pay 10 years

$50,000 x 5 = $250k till age 70
ECI = $250k
TPD/Death = $250k

Company A - $2390/year
Cash value at age 70 - $29750(guaranteed) + $non guaranteed @ 4.75%)

Company M - $2288.62/year
Cash value at age 70 - $31150(guaranteed) + $69262(non guaranteed @ 4.75%)
 
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hmmmeh

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Thanks for your response!

Can quote me for the following as well : -

ANB 2/M/Non Smoker
Pay 10 years

$50k x 5 = $250k
ECI = $125k
CI = $125k
TPD/Death = $250k

ANB 33/M/Non Smoker
Pay 25 years

$45k x 5 = $225k
ECI = $112.5k
CI = $112.5k
TPD/Death = $225k

Sorry abit tight so need to keep my budget as low as possible.
 

winthony

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Thanks for your response!

Can quote me for the following as well : -

ANB 2/M/Non Smoker
Pay 10 years

$50k x 5 = $250k
ECI = $125k
CI = $125k
TPD/Death = $250k

ANB 33/M/Non Smoker
Pay 25 years

$45k x 5 = $225k
ECI = $112.5k
CI = $112.5k
TPD/Death = $225k

Sorry abit tight so need to keep my budget as low as possible.
No worries! Perhaps you might want to let me know what is your budget? So we can minimise the number of quotations so as to not confuse you haha

Will quote for you accordingly :)

Based on your request, it would be Company M since Company A unable to quote the figures!

ANB 2/M/Non Smoker
Company M - $1945.68/annually

ANB 33/M/Non Smoker
Unable to quote since the figures are below the minimum sum assured for the riders.
 
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hmmmeh

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hmm maybe around SGD1.8k to SGD2k? But of course as a parent I would like to have as much sum insured during the prime life.
 

winthony

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hmm maybe around SGD1.8k to SGD2k? But of course as a parent I would like to have as much sum insured during the prime life.
Ahh, based on the quotations I given earlier, you probably have a rough idea as to the sum assured you are looking at for that budget. Chances are if you are looking at getting the ECI rider, you would have a lower SA for that budget.

Go for a low base + high multiplier. In that case, would be roughly $35k base for death/tpd + $35k base for ECI with 5x multiplier --> $1917.19/annually.
 

boredboiboi

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hmm maybe around SGD1.8k to SGD2k? But of course as a parent I would like to have as much sum insured during the prime life.
Then u should go for longer payment term instead of 10 years payment for ur son. If really want 10 payment, then should be around 35k base death/tpd and eci with 5 multiplier or 50k base death/tpd, 25k eci and 25k ci with 5 times multiplier.

and for yourself, base min is 25k for company M and 30k for company A. Thus ur cant be quoted. And for company M, ur premium is not finalise yet, if u r pink of health, ur premium will drop abit further. So for 50k X 4, it would be slightly below 2k for yourself.
 
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xtwis7

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Thanks for your response!

Can quote me for the following as well : -

ANB 2/M/Non Smoker
Pay 10 years

$50k x 5 = $250k
ECI = $125k
CI = $125k
TPD/Death = $250k

ANB 33/M/Non Smoker
Pay 25 years

$45k x 5 = $225k
ECI = $112.5k
CI = $112.5k
TPD/Death = $225k

Sorry abit tight so need to keep my budget as low as possible.
Actually since you mentioned that your objective is to maximise the coverage during your prime years when your son is still young, shouldn't you go for the lowest possible base whole life plan without any multiplier and get a term plan? The additional coverage in the multiplier is essentially just another term plan. What's your desired sum after the multiplier ends?

And to keep your premiums lower, you may want to consider stretching premium term beyond 10 years even though the total premiums will be higher for 20-year vs 10-year. This is a combination of GE's life + term plan. Note that our life plan is very unique where you can choose to have no multiplier which I'll show you based on $50k and a $30k (minimum) base. The cash value is also accumulating from year 1 onwards so if it's before 70, the cash value is definitely going to be higher than the original base.

ECI Life (20-year payment)
$50k base - $1,460.85/yr; surrender value @ 70 ($22,950 is Guaranteed, $9,425-$24,836 is Projected so total of $47,786)
$30k base - $876.50/yr; surrender value @ 70 ($13,770 is Guaranteed, $5,655-$14,901 is Projected so total of $28,671)

Term - $100k ECI + $100k CI (37 years)
$1,098.15/yr

The above is for your own consideration. In event of CI, all your policies will pay out in full so it's $30/50k + Bonus + $200k.
 
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