Early Critical Illness Cover

[Perisher]

Ya, age affects BTIR results but it also affects every other plans. If someone starts BTIR at 40-65, the 25 years should be good enough to have a nice retirement nest.

 

[chopra]

Hi all,

I would like to seek advise on this. Is there any term policy that covers early critical illness? What are the best policies out there for this?


Thanks.

The joke about this plan is, after you get this, u would be asking,

is there a super early critical illness?

 

[Shion]

The joke about this plan is, after you get this, u would be asking,

is there a super early critical illness?

 

[MikeZhang]

Oops sorry .
So let me change question - isn't good hospitalization sufficient cover the treatment or surgery cost in case one is diagnosed with critical illness ?

Question - will you be working during your treatment or recovery? And not all drugs can use to be paid by integrated shield plan - only Moh approved drugs.

 

[Shion]

But starting BTIR at a higher age also gives less time for the compounding effect to do its magic. Better to go for BTIR right from the start, at a younger age.

Correct. Start early, one can expect more returns unless somehow it is screwed up along the way...

Ya, age affects BTIR results but it also affects every other plans. If someone starts BTIR at 40-65, the 25 years should be good enough to have a nice retirement nest.

I guess it depends on how much one is willing to commit...

Age 25, aiming 500k by 65
Age 40, aiming 500k by 65

 

[Ap3s]

Just a question, what did you do with the premium saved from not choosing no.3 over no.1?

i'm into BTIR... i guess the monthly premiums saved can be dumped into my DCA for stocks.

But then again, if i switch to limited pay WL with early CI/CI, i would only need to commit the higher premiums for 20 years. The total amount of premiums paid would definitely be lower than committing to the term early CI/CI plan till 65 years old.