Best Term Insurance Plan(Do Not Solicit for Pm)

hmmmeh

Junior Member
Joined
Jun 14, 2021
Messages
7
Reaction score
1
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

Arch-Supremacy Member
Joined
Apr 26, 2009
Messages
14,485
Reaction score
14
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

Master Member
Joined
Jun 12, 2010
Messages
2,915
Reaction score
26
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.
 
Last edited:

xtwis7

Arch-Supremacy Member
Deluxe Member
Joined
Oct 13, 2006
Messages
20,797
Reaction score
147
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.
 
Last edited:

boredboiboi

Master Member
Joined
Jun 12, 2010
Messages
2,915
Reaction score
26
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.
I think wholelife $2250.66 is cheaper than 1460.85+1098.15

plus its 250k eci
 

xtwis7

Arch-Supremacy Member
Deluxe Member
Joined
Oct 13, 2006
Messages
20,797
Reaction score
147
I think wholelife $2250.66 is cheaper than 1460.85+1098.15

plus its 250k eci
I'm still trying to figure out which is his preferred option for himself and his son. I quoted the term + life combo since he was looking at $112.5k each for CI and ECI hence this would come very close to it.

If it was for the $200-250k ECI, I would have quoted full ECI rather than breaking it up. There's just too many considerations at the moment.
 

winthony

Arch-Supremacy Member
Joined
Apr 26, 2009
Messages
14,485
Reaction score
14
Ultimately is personal preference :) With budget in mind, you have to consider if the sum assured is acceptable or a slight bump above the budget would give you a more desirable coverage.
 

fatal18

Member
Joined
Feb 3, 2012
Messages
146
Reaction score
0
Hi all, like to request quotes for the below - asking for myself and other half.

Thanks in advance!

ANB 32 / M / Non Smoker
Insured till 65
(1) 500k (death/TPD/TI) / 300k ECI or 300k CI
(2) 1m (death/TPD/TI) / 300k ECI or 300k CI


ANB 35 / F / Non Smoker
Insured till 65
(1) 500k (death/TPD/TI) / 300k ECI or 300k CI
(2) 1m (death/TPD/TI) / 300k ECI or 300k CI
 

winthony

Arch-Supremacy Member
Joined
Apr 26, 2009
Messages
14,485
Reaction score
14
Hi all, like to request quotes for the below - asking for myself and other half.

Thanks in advance!

ANB 32 / M / Non Smoker
Insured till 65
(1) 500k (death/TPD/TI) / 300k ECI or 300k CI
(2) 1m (death/TPD/TI) / 300k ECI or 300k CI


ANB 35 / F / Non Smoker
Insured till 65
(1) 500k (death/TPD/TI) / 300k ECI or 300k CI
(2) 1m (death/TPD/TI) / 300k ECI or 300k CI

Hello! Sure :)

for the ECI portion, some companies do have a max amount of $250k for quotations so ill just indicate it right at the side of the quotes itself. Hope you dont mind!

ANB 32 / M / Non Smoker
Insured till 65


(1) 500k (death/TPD/TI) + 300k ECI
Company A: $1963.55/annually (ECI non accelerated and ECI set to be at $250k)
Company M: N/A as there is no ECI rider
Company T: $2287/annually
Company C: $1617.50/annually

(2) 500k (death/TPD/TI) + 300k CI
Company A: $898.85/annually
Company M: $1227.90/annually
Company T: $979/annually
Company C: $1021.40/annually

(3) 1m (death/TPD/TI)+ 300k ECI
Company A: $2230.10/annually (ECI non accelerated and ECI set to be at $250k)
Company M: N/A as there is no ECI rider
Company T: $2574/annually
Company C: $1955.70/annually

(4) 1m (death/TPD/TI)+ 300k CI
Company A: $1165.40/annually
Company M: $1535.90/annually
Company T: $1266/annually
Company C: $1359.60/annually

ANB 35 / F / Non Smoker
Insured till 65

(1) 500k (death/TPD/TI) + 300k ECI
Company A: $2360.65/annually (ECI non accelerated and ECI set to be at $250k)
Company M: N/A as there is no ECI rider
Company T: $2848.50/annually
Company C: $2423/annually

(2) 500k (death/TPD/TI) + 300k CI
Company A: $990.25/annually
Company M: $1172.20/annually
Company T: $1141.50/annually
Company C: $1135.10/annually

(3) 1m (death/TPD/TI)+ 300k ECI
Company A: $2628.65/annually (ECI non accelerated and ECI set to be at $250k)
Company M: N/A as there is no ECI rider
Company T: $3092/annually
Company C: $2693.35/annually

(4) 1m (death/TPD/TI)+ 300k CI
Company A: $1258.25/annually
Company M: $1404.20/annually
Company T: $1385/annually
Company C: $1405.45/annually
 
Last edited:

boredboiboi

Master Member
Joined
Jun 12, 2010
Messages
2,915
Reaction score
26
Hi all, like to request quotes for the below - asking for myself and other half.

Thanks in advance!

ANB 32 / M / Non Smoker
Insured till 65
(1) 500k (death/TPD/TI) / 300k ECI or 300k CI
(2) 1m (death/TPD/TI) / 300k ECI or 300k CI


ANB 35 / F / Non Smoker
Insured till 65
(1) 500k (death/TPD/TI) / 300k ECI or 300k CI
(2) 1m (death/TPD/TI) / 300k ECI or 300k CI
ANB 32 / M / Non Smoker
Insured till 65
(1i)500k (death/TPD/TI) / 300k ECI
Company A - $1963.55/year (max $250k eci only)
Company M - no eci rider
Company T - $2287/year
Company C - $1617.50/year
Company X - $1558/year

(1ii) 500k (death/TPD/TI) / 300k CI
Company A - $898.85/year
Company M - $1227.90/year
Company T - $979/year
Company C - $1021.40/year
Company X - $1133.20/year

(2i) 1m (death/TPD/TI) / 300k ECI
Company A - $2230.10/year (max $250k eci only)
Company M - no eci rider
Company T - $2574/year
Company C - $1955.70/year
Company X - $1943.60/year


(2ii)1m (death/TPD/TI) / 300k CI
Company A - $1165.40/year
Company M - $1535.90/year
Company T - $1266/year
Company C - $1359.60/year
Company X - $1488.80/year

ANB 35 / F / Non Smoker
Insured till 65
(1i)500k (death/TPD/TI) / 300k ECI
Company A - $2360.65/year ( max $250k eci only)
Company M - no eci rider
Company T - $2848.50/year
Company C - $2423/year
Company X - $2037.40/year

(1ii) 500k (death/TPD/TI) / 300k CI
Company A - $990.25/year
Company M - $1172.20/year
Company T - $1141.50/year
Company C - $1135.10/year
Company X - $1256.80/year

(2i) 1m (death/TPD/TI) / 300k ECI
Company A - $2628.65/year (max 250k eci only)
Company M - no eci rider
Company T - $3092/year
Company C - $2693.35/year
Company X - $2358.20/year

(2ii)1m (death/TPD/TI) / 300k CI
Company A - $1258.25/year
Company M - $1404.20/year
Company T - $1385/year
Company C - $1405.45/year
Company X 1 $1577.60/year
 
Last edited:

xtwis7

Arch-Supremacy Member
Deluxe Member
Joined
Oct 13, 2006
Messages
20,797
Reaction score
147
Hi all, like to request quotes for the below - asking for myself and other half.

Thanks in advance!

ANB 32 / M / Non Smoker
Insured till 65
(1) 500k (death/TPD/TI) / 300k ECI or 300k CI
(2) 1m (death/TPD/TI) / 300k ECI or 300k CI


ANB 35 / F / Non Smoker
Insured till 65
(1) 500k (death/TPD/TI) / 300k ECI or 300k CI
(2) 1m (death/TPD/TI) / 300k ECI or 300k CI
Hi. Please see below quotes from GE. Not sure if you're looking at ECI or CI so I'll quote for both. Note that ECI will also include CI but not the other way round. GE's ECI limit is at $350k so your desired $300k is still within the limit while some companies only cover up to $250k.

$500k with $300k ECI
Male - $1,604.30/yr
Female - $1,887.85/yr

$1m with $300k ECI
Male - $1,830.90/yr
Female - $2,074.90/yr

$500k with $300k CI
Male - $984.65/yr
Female - $1,172.35/yr

$1m with $300k CI
Male - $1,211.25/yr
Female - $1,359.40/yr
 
Last edited:

jeffrey745

Supremacy Member
Joined
Jan 12, 2008
Messages
9,847
Reaction score
175
Hi all, like to request quotes for the below - asking for myself and other half.

Thanks in advance :)

ANB 29 / M / Non Smoker
Insured till 65
(1) 400k (death/TPD/TI) / 200k ECI or 200k CI



ANB 44 / F / Non Smoker
Insured till 65
(1) 250k (death/TPD/TI) / 110k ECI or 110k CI
 

boredboiboi

Master Member
Joined
Jun 12, 2010
Messages
2,915
Reaction score
26
Hi all, like to request quotes for the below - asking for myself and other half.

Thanks in advance :)

ANB 29 / M / Non Smoker
Insured till 65
(1) 400k (death/TPD/TI) / 200k ECI or 200k CI



ANB 44 / F / Non Smoker
Insured till 65
(1) 250k (death/TPD/TI) / 110k ECI or 110k CI
Sure, below is the quote.

Just to share 500k base sometimes will be cheaper than 400k base due to large sum discount. Will quote for u 500k base for comparison purpose.

ANB 29/ M / Non Smoker
Insured till 65
(1i)400k (death/TPD/TI) / 200k ECI
Company A - $1945.05/year
Company M - no eci rider
Company T - $1525.60
Company C - $1129.40year
Company X - $1094.84/year

(1ii) 400k (death/TPD/TI) / 200k CI
Company A - $832.85/year
Company M - $861/year
Company T - $729.60/year
Company C - $805.20/year
Company X - $834.84/year


(2i) 500k (death/TPD/TI) / 200k ECI
Company A - $1523.95year
Company M - no eci rider
Company T - $1504.50/year
Company C - $1044.80/ear
Company X - $1074/year

(2ii) 500k (death/TPD/TI) / 200k CI
Company A - $634.20year
Company M - $850.40/year
Company T - $708.50/year
Company C - $720.60/year
Company X - $814/year

ANB 44 /F / Non Smoker
Insured till 65
(1i) 250k (death/TPD/TI) / 110k ECI
Company A - $2281.65/year
Company M - no eci rider
Company T - $1752.60/year
Company C - $1509.60/year
Company X - $1342.90/year

(1ii) 250k (death/TPD/TI) / 110k CI
Company A - $1090.85/year
Company M - $864.94/year
Company T - $921/year
Company C - $822/year
Company X - $887.60/year


(2i) 500k (death/TPD/TI) / 110k ECI
Company A - $1937.10/year
Company M - no eci rider
Company T - $1835.10/year
Company C - $1667.45/year
Company X - $1598.30/year

(2ii) 500k (death/TPD/TI) / 110k CI
Company A - $984.45/year
Company M - $1120.68/year
Company T - $1003.50/year
Company C - $979.85/year
Company X - $1133/year
 
Last edited:

xtwis7

Arch-Supremacy Member
Deluxe Member
Joined
Oct 13, 2006
Messages
20,797
Reaction score
147
Hi all, like to request quotes for the below - asking for myself and other half.

Thanks in advance :)

ANB 29 / M / Non Smoker
Insured till 65
(1) 400k (death/TPD/TI) / 200k ECI or 200k CI



ANB 44 / F / Non Smoker
Insured till 65
(1) 250k (death/TPD/TI) / 110k ECI or 110k CI
Hi. Here's quotes for GE where large sum discount applies only above $1m:

Male 29ANB - $1,066.50/yr (ECI) / $693.15/yr (CI only)

Female 44ANB - $1,474/yr (ECI) / $1,007.60/yr (CI only)
 

caleb.seah

Member
Joined
Jan 17, 2012
Messages
411
Reaction score
0
Hi bro,

Anyone can help generate quote for term plan female age 38 next year.

Eci cover 250k or
Multi claim 250k

Cover up 65

Will whole life plan be more worth it?
 
Last edited:

xtwis7

Arch-Supremacy Member
Deluxe Member
Joined
Oct 13, 2006
Messages
20,797
Reaction score
147
Hi bro,

Anyone can help generate quote for term plan female age 38 next year.

Eci cover 250k or
Multi claim 250k

Cover up 65

Will whole life plan be more worth it?
Are you looking at death coverage too? For GE, minimally death coverage needs to be at least $250k as we don’t offer standalone ECI without death.

The difference between multipay and single pay out is do you want $250k in one pay out or do you want to claim 3x$100k over a period of years and different CIs? Below is quote for GE single ECI term for $250k with $250k Death/TPD.

$1,843.95

Whole life serves a different purpose as it’s also meant to cover you after 65 for life.
 
Last edited:
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ. Forum members and moderators are responsible for their own posts.

Please refer to our Terms of Service for more information.
Top