Best Term Insurance Plan(Do Not Solicit for Pm)

[havetheveryfun]

For a rough gauge comparison, my entry term life age was at 26.

I am paying slightly less than 1k per yr for 500k coverage of death and tpd, 200k for ci till 65

I am also covered till ward A but without riders. My hosp plan is paid fully out from medisave and do not need to cough out cash.

is yr adviser good ?

i think one of the main concerns abt buying term is that may find it difficult to make claims when the time comes... because most ppl who buy term buy directly instead of thru agents nowadays?

 

[akwl88]

is yr adviser good ?

i think one of the main concerns abt buying term is that may find it difficult to make claims when the time comes... because most ppl who buy term buy directly instead of thru agents nowadays?

have not make any claims yet

claims processing is done by the insurer, not the agent

 

[soneat]

Dear All!

Please help me with your very kind advice!! I have not been getting much insurance coverage so far and I am 32yo with a young kid now (non smoker). I was recently introduced to AIA and is now within the free look period to get the below policies. I wanted coverage on dealth, accident, TPD and CI. REALLY appreciate if anyone can provide some kind guidance.

1) Term Plan (AIA Platinum Term) to 100yo at $4400/yr with guaranteed dealth payout of $1.2mil.

2) Triple CI at $2500/yr for $100k of early terminal illness and can claim up to 3 times. Before 75/yo if no claim can take back 75% of premium paid.

3) hospitalization plan for class a Ward at $600/yr

4) accident plan at $290/yr

Please help me as I am really not sure if these are overpriced and I have only 7 more days to freelook period! Thank you so much for any help!

Hello,

1. First, there's nothing fantastic about AIA. In fact, it is among the most unethical and one of the most expensive insurer in my personal experience.
2. Do not buy anything that you do not truly understand.
3. If there is no penalty on your side for exercising free-look, why not free-look first and then reconsider carefully if the plans you bought are really what you want.

 

[Bigoya]

Only UNETHICAL agents

Dont be so sensitive by my posts unless you are not doing right by your clients and feeling guilty....

Over doing the right stuff could turn people off too

 

[akwl88]

Over doing the right stuff could turn people off too

doesn't feel like over compared to the huge grievances and horror cases that other pple have gone through

 

[cscs3]

Hello,

1. First, there's nothing fantastic about AIA. In fact, it is among the most unethical and one of the most expensive insurer in my personal experience.
2. Do not buy anything that you do not truly understand.
3. If there is no penalty on your side for exercising free-look, why not free-look first and then reconsider carefully if the plans you bought are really what you want.

I would stay away fron AIA too.

 

[mSnooze]

so I guess ~$1k annually for $500k/$250k CI coverage is a reasonable price ? for any age till 65-74 yrs old

Age is an important factor.

 

[ngsimlim]

AIA has the triple CI early stage coverage that is about $2.5k/yo for $100k. If there is no drawdown by 75yo you get about 75% of ur premium back. Sounds like a good plan to you?

 

[akwl88]

AIA has the triple CI early stage coverage that is about $2.5k/yo for $100k. If there is no drawdown by 75yo you get about 75% of ur premium back. Sounds like a good plan to you?

why not 100% since you did not make a claim?

guaranteed back also?

2.5k premiums for only early CI?

imagine the total premiums add up for other types of insurance

 

[mSnooze]

AIA has the triple CI early stage coverage that is about $2.5k/yo for $100k. If there is no drawdown by 75yo you get about 75% of ur premium back. Sounds like a good plan to you?

40 years later 75% of that actual value is diminished due to inflation.
Get peanuts.

 

[Bigoya]

AIA has the triple CI early stage coverage that is about $2.5k/yo for $100k. If there is no drawdown by 75yo you get about 75% of ur premium back. Sounds like a good plan to you?

MAnulife's new Ready CompleteCare covers more at lower cost. Death benefits pays back 100% premiums if no claims were made.
Can choose either cover till age 75 or 99.

Make a wise decision.

 

[ngsimlim]

MAnulife's new Ready CompleteCare covers more at lower cost. Death benefits pays back 100% premiums if no claims were made.
Can choose either cover till age 75 or 99.

Make a wise decision.

This sounds like a great plan. I am going to ask for a quote.

The only con I can see for this manulife plan is that for the same CI you can only claim 100% of the insured CI for all stages. For the AIA one it was 100% for each stage of the CI or in other words 300%. But of course best thing for manulife is can take back 100% premium paid!

Appreciate if anyone can share more good CI plan!

 

[Joshtan13579]

WL with ECI? LOL...most expensive zzzzzzzzzzzzzzzzzz

Depend on age and sum assured la. ECI for whole life. What a wonderful plan. We will find it ECI is very important when come to old age.

 

[Joshtan13579]

Reply

Dear All!

Please help me with your very kind advice!! I have not been getting much insurance coverage so far and I am 32yo with a young kid now (non smoker). I was recently introduced to AIA and is now within the free look period to get the below policies. I wanted coverage on dealth, accident, TPD and CI. REALLY appreciate if anyone can provide some kind guidance.

1) Term Plan (AIA Platinum Term) to 100yo at $4400/yr with guaranteed dealth payout of $1.2mil.

2) Triple CI at $2500/yr for $100k of early terminal illness and can claim up to 3 times. Before 75/yo if no claim can take back 75% of premium paid.

3) hospitalization plan for class a Ward at $600/yr

4) accident plan at $290/yr

Please help me as I am really not sure if these are overpriced and I have only 7 more days to freelook period! Thank you so much for any help!

1) Terms plan to 100 years old with Guatanteed payout --> Never heard got till 100 years old term plan. Somemore with guaranteed payout. Such a good deal
2) Such a good plan no claim back pay 75%

Got such a good products? I also want to approach AIA agent.

 

[Joshtan13579]

AIA agent

Dear All!

Please help me with your very kind advice!! I have not been getting much insurance coverage so far and I am 32yo with a young kid now (non smoker). I was recently introduced to AIA and is now within the free look period to get the below policies. I wanted coverage on dealth, accident, TPD and CI. REALLY appreciate if anyone can provide some kind guidance.

1) Term Plan (AIA Platinum Term) to 100yo at $4400/yr with guaranteed dealth payout of $1.2mil.

2) Triple CI at $2500/yr for $100k of early terminal illness and can claim up to 3 times. Before 75/yo if no claim can take back 75% of premium paid.

3) hospitalization plan for class a Ward at $600/yr

4) accident plan at $290/yr

Please help me as I am really not sure if these are overpriced and I have only 7 more days to freelook period! Thank you so much for any help!

Any AIA agent please. Interested with the Triple CI with no claim payback

 

[Joshtan13579]

Par Fun return

Can anyone share about the PAR fund return of the insurer? Does the insurer
really given 4.75% non-guarantee return? Heard all insurer given 4.75% return? Is this true??

 

[akwl88]

Ur par funs return is alr fixed in the policy

The 3.25/4.75 is a gimmick

 

[Joshtan13579]

Ur par funs return is alr fixed in the policy

The 3.25/4.75 is a gimmick

The 3.25/4.75 is the benefit illustration of the PAR fun returns right. But a lot of agents said insurers are given 4.75%. If the specific insurer unable to give 4.75%, no one will buy from that insurer.

various agent here, can I verify??

 

[havetheveryfun]

The 3.25/4.75 is the benefit illustration of the PAR fun returns right. But a lot of agents said insurers are given 4.75%. If the specific insurer unable to give 4.75%, no one will buy from that insurer.

various agent here, can I verify??

the 4.75% includes a lot of exorbitant fees

 

[akwl88]

The 3.25/4.75 is the benefit illustration of the PAR fun returns right. But a lot of agents said insurers are given 4.75%. If the specific insurer unable to give 4.75%, no one will buy from that insurer.

various agent here, can I verify??

http://www.clearlysurely.com/blog/i-just-want-to-say/demystifying-your-life-insurance-bonus-statement/