Getting started with insurance

[boredboiboi]

Hi everyone, pls advise if it is overpaying for the insurance???

31 M, non smoker
Current plans from AXA
1) Life insurance + early CI = $280,000 coverage , $318 monthly premium
2) accident plan : $165/ year

Pls advise if should continue with AXA
Thanks

What is your 1st plan? Term or wholeife? Premium look like wholelife
Is that all the plans u have?
What about hospital and disability income insurance?

 

[winthony]

What is your 1st plan? Term or wholeife? Premium look like wholelife
Is that all the plans u have?
What about hospital and disability income insurance?
Accident plan $165/month? What??????
I can buy a per year accident plan at less that $100
What did the agent sell u?

Most probably a wholelife since the sum assured and premium dont make sense if its a term.

I think you misread its 165/ year

 

[boredboiboi]

Most probably a wholelife since the sum assured and premium dont make sense if its a term.

I think you misread its 165/ year

Ya haha
Deleted that part. Shock of my life. If the agent can sell 165/month
Is a very power agent

 

[Alpha_10]

Hi everyone, I repost with clearer details.
pls advise if it is overpaying for the insurance???

31 M, non smoker , bought plan for 5 years
Current plans from AXA
1) Life insurance + early CI = $280,000 coverage (hybrid plan with term)
$318 (MONTH)

2) hospital insurance: health shield gold max plus full coverage rider :
$800 ++ rider, $300++ hospital ( YEAR)

3) accident plan : $165 (YEAR)

Pls advise if should continue with AXA and is it very high?
Thanks

 

[boredboiboi]

Hi everyone, I repost with clearer details.
pls advise if it is overpaying for the insurance???

31 M, non smoker , bought plan for 5 years
Current plans from AXA
1) Life insurance + early CI = $280,000 coverage (hybrid plan with term)
$318 (MONTH)

2) hospital insurance: health shield gold max plus full coverage rider :
$800 ++ rider, $300++ hospital ( YEAR)

3) accident plan : $165 (YEAR)

Pls advise if should continue with AXA and is it very high?
Thanks

Everything looks good. But for how much coverage, need to calculate how much u need. If need more, top up. The axa life plan dont cancel.
The hybrid u mean is a wholelife plan with booster

1)Accident plan can change to cheaper one
2) looking into disability income insurance

 

[McFadden]

What do u mean by what we think? I personally did buy 100% invested ilp without coverage for myself and my family.

ilp the returns like very volatile .i invested 6000 now,but must account value is only 5800. so if market do badly ,my ilp balance will also suffer.and also this kind of investment also depends on my insurance agent's recommendation . if he is no good,then i will lose more money

 

[boredboiboi]

ilp the returns like very volatile .i invested 6000 now,but must account value is only 5800. so if market do badly ,my ilp balance will also suffer.and also this kind of investment also depends on my insurance agent's recommendation . if he is no good,then i will lose more money

Its meant for long term. =)

 

[Jacqueline.]

any implications if AVIVA is to sell off their asia business?

existing customers insured with AVIVA have to find new insurance providers?


https://www.straitstimes.com/busine...ell-asia-business-valued-at-over-275b-sources

 

[boredboiboi]

any implications if AVIVA is to sell off their asia business?

existing customers insured with AVIVA have to find new insurance providers?


https://www.straitstimes.com/busine...ell-asia-business-valued-at-over-275b-sources

Fyi. Its 2019 news. Its over and not selling the business.

 

[James Lee WY]

anyone got buy elastiq before? isit worth it considering it's only 1.8%, what's the cons of it? i just saw this article and considering if i should get it or not https://heartlandboy.com/review-etiqa-elastiq-insurance-savings-account/

 

[McFadden]

Its meant for long term. =)

but i hold for 4 years already.isit covid year thats why the profit not much?

 

[boredboiboi]

but i hold for 4 years already.isit covid year thats why the profit not much?

Yes and no. Because most of my customers funds has recovered and earn already

 

[McFadden]

Yes and no. Because most of my customers funds has recovered and earn already

but choosing a good agent to choose a fund is hard right?because my first agent help me choose a fund that went from 0.9 to 0.7

 

[boredboiboi]

but choosing a good agent to choose a fund is hard right?because my first agent help me choose a fund that went from 0.9 to 0.7

Ya depends. What company and what fund is that?

 

[McFadden]

manulife,2 funds,one bond fund and one equity fund.
which company you from?

 

[winthony]

manulife,2 funds,one bond fund and one equity fund.
which company you from?

what is your existing agent's advice? Very odd for him/her to leave it just as it is.

Are you able to reveal your manulife product as well as the name of the funds so I can do some checks and give you my opinion? I do have access to manulife products

 

[McFadden]

what is your existing agent's advice? Very odd for him/her to leave it just as it is.

Are you able to reveal your manulife product as well as the name of the funds so I can do some checks and give you my opinion? I do have access to manulife products

i had 2 agents ,the 1st made me lose 500 dollars.but current one improved only 200 less

 

[boredboiboi]

manulife,2 funds,one bond fund and one equity fund.
which company you from?

FA platform. Can market a few insurers.
Name of funds?
Sold alot of manulife investment plans.
There are a few type if investment plans.
The price that u say, sounds like an old investment plan with sub funds.
If not wrong is GAAG or ahyb

 

[blurrynavy]

HI, can anyone furnish me with a quote of aviva whole life insurance with early CI coverage for 42 F non smoker.

Looking at the basic life SA 60k with a multiplier of SA of 3x (meaning $180k) for 15 years premium term with a early CI rider multiplier till age 75.

But then again I saw a recent link that says maybe A wanna exit Asia market? Will this affect the policyholders?

If have any comparable whole life plan with early CI can also recommend.

I have 2 WL plans with early CI total 100k but I think might not be enough? Thanks in advance...

 

[boredboiboi]

HI, can anyone furnish me with a quote of aviva whole life insurance with early CI coverage for 42 F non smoker.

Looking at the basic life SA 60k with a multiplier of SA of 3x (meaning $180k) for 15 years premium term with a early CI rider multiplier till age 75.

But then again I saw a recent link that says maybe A wanna exit Asia market? Will this affect the policyholders?

If have any comparable whole life plan with early CI can also recommend.

I have 2 WL plans with early CI total 100k but I think might not be enough? Thanks in advance...

Till age 75 only aia and aviva that i can quote. But aia only got 12 and 20 payment and is way way more expensive

Dont mind asking why wholelife over term? Because u prefer with cash value?
For your question if aviva leave singapore, there will be a reinsurer to take over, not much of a worry.

If u dont mind i quote manulife also but multiplier is till age 70 only and china taiping have till age 70 or 85

42 is next or last birthday?

For aviva as per request
Age next birthday 42 - $4822.80/year
Age next birthday 43 - $4926.50/year

For company M all same but multiplier till age 70 only
Age next birthday 42 - $4280.17/year
Age next birthday 43 - $4397.98/year

For company Ctp all same but multiplier till age 70 or 85
Age next birthday 42, multiplier till 70 - $4048.90/year
Age next birthday 43, multiplier till 70 -$4141.90/year

Age next birthday 42, multiplier till 85 - $4959.10/year
Age next birthday 43, multiplier till 85 - $5109.05/year