Getting started with insurance

[MrPippen]

I can refer you someone trustworthy if you still need

If you don't mind, I am OK with a referral. Thanks.

 

[Patricia Law]

Hi there,

Hope my reply is not too late.

For AIA, most of my clients will consider 2 policies

1) Guaranteed Protect Plus II
- $150k coverage with 2x multiplier (multipler cut off at 75 years), 20 years premium term, CI covers till age 75
- GPP II $1998 / yr + Early Critical Cover Extra $243 / yr + Early Critical Premium Waiver Protector $161.84 / yr (excluding the 15% discount for the first year till 15 Aug 2020)
- Early Critical Cover Extra (will not affect the sum assured upon claim)
- Note that coverage for GPP II, CI, payment term, multipler can be customised based on budget

2) Power Critical Cover (PWCC)
- $100k coverage, life plan (means coverage for CI is till 100 years old), has cash value and can surrender from age 75 years onwards
- $2,688 / yr + Early Critical Premium Waiver Protector $959.62 (excluding the 15% discount for the first year till 15 Aug 2020 + 10% if you are vitality member, you can choose to apply for this at a small cost of $96 / yr)
- PWCC has one of the highest CI coverage in the market with early, intermediate and major CI payouts
- The limit resets after 12/24 months upon each claim and the maximum claim is up to 5x of the sum assured

If you are interested, I can share more with you.

 

[Patricia Law]

Right right . Ok thanks!
I’m looking for insurance with cash value since I already have term CI

Hi there,

Hope my reply is not too late for you. For AIA, I will recommend a hybrid of 2 plans for coverage of WL and CI.

1) Power Critical Cover (PWCC)
- Life plan with cash value if surrender after age of 75 years (CI coverage up to 100 years)
- $100k coverage for CI (early, intermediate, major) up to get of 100
- Covers up to 5x of the sum assured (coverage resets after 12/24 months after claim)
- PWCC $2,688 / yr + ECPWP (Early Critical Premium Waiver Protector) $959.62 = $3647.62 (This excludes 15% first year discount - promotion till 15 Aug 2020 and 10% vitality discount - can apply if you are not a vitality member at $96 / yr)
- This plan offers one of the highest coverage in the market

2) Guaranteed Protect Plus II
- $150k coverage up to age 75 years, 2x multiplier, multipler cut off at 75 years and premium term of 20 years (note coverage, multipler and premium term can be customised)
- $1,998 / yr + ECC (Early Critical Cover) (does not affect the sum assured, coverage $100k) $1,749 / yr + ECPWP (Early Critical Premium Waiver Protector) $161.84 / yr = $3,908.84 (This excludes 15% first year discount - promotion till 15 Aug 2020 and 10% vitality discount - can apply if you are not a vitality member at $96 / yr)

Hope the above is clear and feel free to reach out to me at mobile 90222607 if you need further clarification.

 

[boredboiboi]

Hi there,

Hope my reply is not too late for you. For AIA, I will recommend a hybrid of 2 plans for coverage of WL and CI.

1) Power Critical Cover (PWCC)
- Life plan with cash value if surrender after age of 75 years (CI coverage up to 100 years)
- $100k coverage for CI (early, intermediate, major) up to get of 100
- Covers up to 5x of the sum assured (coverage resets after 12/24 months after claim)
- PWCC $2,688 / yr + ECPWP (Early Critical Premium Waiver Protector) $959.62 = $3647.62 (This excludes 15% first year discount - promotion till 15 Aug 2020 and 10% vitality discount - can apply if you are not a vitality member at $96 / yr)
- This plan offers one of the highest coverage in the market

2) Guaranteed Protect Plus II
- $150k coverage up to age 75 years, 2x multiplier, multipler cut off at 75 years and premium term of 20 years (note coverage, multipler and premium term can be customised)
- $1,998 / yr + ECC (Early Critical Cover) (does not affect the sum assured, coverage $100k) $1,749 / yr + ECPWP (Early Critical Premium Waiver Protector) $161.84 / yr = $3,908.84 (This excludes 15% first year discount - promotion till 15 Aug 2020 and 10% vitality discount - can apply if you are not a vitality member at $96 / yr)

Hope the above is clear and feel free to reach out to me at mobile 90222607 if you need further clarification.

Yes we all are aware. And we also aware that AIA premium is the most expensive for most of the plans. Looking at your post, u r new here. And suggest you not to leave your contact like that.

 

[Yello10]

Yes we all are aware. And we also aware that AIA premium is the most expensive for most of the plans. Looking at your post, u r new here. And suggest you not to leave your contact like that.

Thanks for all the responses so far. I have decided not to look at aia due to the high premium.

 

[boredboiboi]

Thanks for all the responses so far. I have decided not to look at aia due to the high premium.

You are welcome =)

 

[xtwis7]

New members coming into the neighbourhood can be more friendly. While we welcome more to engage in the discussion, canvassing for sales like this is certainly not the way to go. Plus, she may have gotten more spam than legit enquiries.

Yes we all are aware. And we also aware that AIA premium is the most expensive for most of the plans. Looking at your post, u r new here. And suggest you not to leave your contact like that.

 

[boredboiboi]

New members coming into the neighbourhood can be more friendly. While we welcome more to engage in the discussion, canvassing for sales like this is certainly not the way to go. Plus, she may have gotten more spam than legit enquiries.

That is why i say to remove contact to prevent spam. Plus i am discussing on the premium being on the high end. She is pushing plans more than discussion bro =)
Since when i am unfriendly against discussion.

 

[xtwis7]

I understand. My words wasn’t directed at you, it’s more like a general statement to anybody new.

When people see that your first post is as such, it can be a major turn off. One doesn’t build your online rep just overnight.

That is why i say to remove contact to prevent spam. Plus i am discussing on the premium being on the high end. She is pushing plans more than discussion bro =)
Since when i am unfriendly against discussion.

 

[boredboiboi]

I understand. My words wasn’t directed at you, it’s more like a general statement to anybody new.

When people see that your first post is as such, it can be a major turn off. One doesn’t build your online rep just overnight.

Haha. Ok. U quoted me.

 

[xtwis7]

Sorry for the unintended message bro.

Haha. Ok. U quoted me.

 

[Newride]

Hi my wife 42f smoker, considering to get her some cover either term or whole life. Any term plan that covers up to 99yro?

Can quote pls, around 200-300k coverage with eci/ci. She has comprehensive hospitalisation and TDP covered.

 

[moejoseph]

Hi my wife 42f smoker, considering to get her some cover either term or whole life. Any term plan that covers up to 99yro?

Can quote pls, around 200-300k coverage with eci/ci. She has comprehensive hospitalisation and TDP covered.

It going to be very expensive due to age, smoking status, high ECI/CI coverage and till age 99.

Below quote from AXA Direct for your reference on the min amount, based on ANB 42

Based on ANB 42, Female Smoker
$200k Death/TPD/ECI
Till age 99 @ $4981.52/year (TPD till 70 only)


If u dun mind a reduced coverage after age 70, will recommend going for a whole life which will be more "value-for-money"

$50k Death/TPD/ECI with 4 times multiplier ($200k before age 70)
Pay 25 years @ $4404/year


You will have to see which is ur priority before deciding which is the best option.

 

[boredboiboi]

Hi my wife 42f smoker, considering to get her some cover either term or whole life. Any term plan that covers up to 99yro?

Can quote pls, around 200-300k coverage with eci/ci. She has comprehensive hospitalisation and TDP covered.

Why term till age 99?
Protect her during the period of working life because its expensive for smoker. Lets say till age 65 or till age 70. Her age 42 is next birthday or last birthday. Then use the difference of premium to do some investment.
Personally will suggest wholelife.
Is hospital the only plan she have? What plan is it that she has that has tpd covered?
Another plan to look at is disability income insurance.

 

[exterminazn]

Hi my wife 42f smoker, considering to get her some cover either term or whole life. Any term plan that covers up to 99yro?

Can quote pls, around 200-300k coverage with eci/ci. She has comprehensive hospitalisation and TDP covered.

I assume your wife has TPD covered? In this case, is she covered by disability income or the traditional TPD?

If she has traditional TPD, is it because her plan has no CI or ECI embedded?

Is your wife working btw? Has she gotten her disability income yet?

For coverage to 99yo, will suggest whole life though

 

[Jacqueline.]

silly question

what's an scenario you would be covered for a cancer insurance plan(covers all stages) but not covered under critical illness(normal CI plan)

 

[xtwis7]

If you’re referring to the usual list of 36/37 Critical Illnesses, those cover you at what we call late or critical stage conditions. Since you mentioned cancer, that is usually when it is at stage 3/4.

Carcinoma in-Situ is what we normally call stage 0 cancer which is covered under Early Stage CI so if you’ve detected early and you have a stand-alone cancer plan, good for you.

silly question

what's an scenario you would be covered for a cancer insurance plan(covers all stages) but not covered under critical illness(normal CI plan)

 

[winthony]

Hi my wife 42f smoker, considering to get her some cover either term or whole life. Any term plan that covers up to 99yro?

Can quote pls, around 200-300k coverage with eci/ci. She has comprehensive hospitalisation and TDP covered.

If youre looking till 99yo, whole life would make more sense.

Most whole life in the market would have a multiplier expiry age which might not give you the 200k coverage for death/eci/ci upon the expiry age.

So lets say for Company A,

PPT 25 years. Base coverage 50k(it increases with the number of years its active) + Multiplier of 150k for death/tpd/eci(which covers all stage of CI for this rider) expiring at 70yo.

$3942.50 based on 42 ANB

 

[MrPippen]

I can refer you someone trustworthy if you still need

Hi, I didn't receive any PM.

 

[ArLumber]

Can someone give me quote for GE term insurance:
30yo female non smoker
1.1m total sum assured
30 years coverage
PayAssure rider for 9k per month until 65

Thanks