disadvantage of buying direct tem life insurance

[OngHuatHuat]

Any disadvantages? The premium is extremely cheap compare to signing up through agents.

 

[fr33d0m]

life insuance is the simplest insurance. the insured died, the insurance pays.

 

[megdang]

The direct life is cheap because insurance company does not need to pay commission fees to the agent.
If you buy through the agent, every year the insurance company have to pay commission to the agent until your policy ends.

 

[reddevil0728]

The direct life is cheap because insurance company does not need to pay commission fees to the agent.
If you buy through the agent, every year the insurance company have to pay commission to the agent until your policy ends.

I thought got a limited period they pay commission no?

 

[polyglob]

Any disadvantages? The premium is extremely cheap compare to signing up through agents.

Disadvantage is no insurance agent to buy you Starbucks while they psycho you to sign.

After having coffee with a few agents, I bought direct term life.

 

[SG-NATO]

Cheaper. Good for basic requirements like use it to cover mortgages.

 

[blurpandasg2014]

Any disadvantages? The premium is extremely cheap compare to signing up through agents.

The only disadvantage is that u get less 7 conditions

 

[yiron]

The only disadvantage is that u get less 7 conditions

That's for CI. If just simple term or life without CI, not an issue.

 

[StarLightJewel]

The only disadvantage is that u get less 7 conditions

That's for CI. If just simple term or life without CI, not an issue.

buying from which insurer directly will have less conditions?

 

[exterminazn]

Disadvantage to agent only

 

[jetblack]

is saf aviva group plan still the cheapest?

 

[rockyan]

yes for now

is saf aviva group plan still the cheapest?

 

[reddevil0728]

is saf aviva group plan still the cheapest?

must understand the implications of group though.

 

[simplelifez]

I think termination age got limit.

 

[limpingsim98]

Disadvantage is no insurance agent to buy you Starbucks while they psycho you to sign.

After having coffee with a few agents, I bought direct term life.

Good ideal.

 

[yamashita]

must understand the implications of group though.

If I recall correctly, one cannot make nomination for SAF group life insurance.