Insurance portfolio

[computers70]

Over the years many of us have accumulated numerous policies. Some with cash value and some not. These portfolio may significantly contribute to one'e own net worth. Lets list our insurance portfolio.

AIA Life policy 125K 100/mth
Manulife Endowment 15years 200/mth
AIA hospitalisation 500/year
Aviva Group CI and ECI 100k
AIG Accident 200/year

 

[fr33d0m]

What’s the 1st policy? So expensive.

 

[computers70]

What’s the 1st policy? So expensive.

I got a limited pay policy. 12 years

 

[Shion]

Previously I remembered someone here complained about Manulife.

http://forums.hardwarezone.com.sg/money-mind-210/manulife-5407748.html

Anyway, endowments are bad. Have to commit fully, mainly hit breakeven in the final year of endowment period (or somewhere around there), and the returns aren't that fantastic.

Also, past performance does not correlate to future performance imo

 

[rottingapple]

Hi,

-Pru hospitalisation 40/mth
-Pru accident term 100k 14/mth
-Pru CI & death term 500k (250k for CI) 125/mth
-Pru death term 500k 23/mth
-Great eastern early CI 150k 108/mth
-ntuc wholelife 60/mth

Planning to discontinue 3rd,4th,5th and sign Aviva 1mil death term plus 300k early CI, cost only 190/mth

 

[computers70]

Previously I remembered someone here complained about Manulife.

http://forums.hardwarezone.com.sg/money-mind-210/manulife-5407748.html

Anyway, endowments are bad. Have to commit fully, mainly hit breakeven in the final year of endowment period (or somewhere around there), and the returns aren't that fantastic.

Also, past performance does not correlate to future performance imo

Haha, pretty much you can find complaints about all insurance companies here in the forum

 

[computers70]

Hi,

-Pru hospitalisation 40/mth
-Pru accident term 100k 14/mth
-Pru CI & death term 500k (250k for CI) 125/mth
-Pru death term 500k 23/mth
-Great eastern early CI 150k 108/mth
-ntuc wholelife 60/mth

Planning to discontinue 3rd,4th,5th and sign Aviva 1mil death term plus 300k early CI, cost only 190/mth

-Pru death term 500k 23/mth
Wow, this seems like a good deal
term till 65 ?

 

[rottingapple]

-Pru death term 500k 23/mth
Wow, this seems like a good deal
term till 65 ?

Yeah if i remember correctly it should be 65y.o, not sure if they take into account of my age when i bought, im 28y.o now, bought it at yr 2016

 

[Bigoya]

Yeah if i remember correctly it should be 65y.o, not sure if they take into account of my age when i bought, im 28y.o now, bought it at yr 2016

Cover death only?

 

[rottingapple]

Cover death only?

One is purely death cover, a few is CI term.

 

[computers70]

anyone else who is keen on sharing their portfolio ?

 

[mummy1234]

My policies were bought in my 20s and 30s

Premium about S$550 per mth

Covered for death about S$700k I think combined
Covered for partial disability for S$350k for 5 years
Covered for TPD and CI a few hundred k
Endowment plans payout projected about S$70k only

I prob need to see a financial planner to better plan my insurance.

 

[akwl88]

My policies were bought in my 20s and 30s

Premium about S$550 per mth

Covered for death about S$700k I think combined
Covered for partial disability for S$350k for 5 years
Covered for TPD and CI a few hundred k
Endowment plans payout projected about S$70k only

I prob need to see a financial planner to better plan my insurance.

wah so ex ah

2 months of ur premiums > my annual premiums

500k coverage for death and tpd, 200k for ci - term till 65

 

[mummy1234]

wah so ex ah

2 months of ur premiums > my annual premiums

500k coverage for death and tpd, 200k for ci - term till 65

Because yours is term with no surrender value whereas mine has and can switch to annuity at 65 years old.

 

[computers70]

Because yours is term with no surrender value whereas mine has and can switch to annuity at 65 years old.

If I am not wrong, only NTUU vivolife only allows that right ?

 

[mummy1234]

If I am not wrong, only NTUU vivolife only allows that right ?

My ILP is GE covers till 65 years old and Whole life or living policy is NTUC. I believe the annuity part is for both or at least NTUC.

I am not good with shares investment on my own, so rather let them , the insurance company, invest for me.

 

[dendii]

My ILP is GE covers till 65 years old and Whole life or living policy is NTUC. I believe the annuity part is for both or at least NTUC.

I am not good with shares investment on my own, so rather let them , the insurance company, invest for me.

Still seem abit much for $550 per month for the coverage you listed.

Actually, share investment is really not as tough as what many have said. Just investing into ETF alone is pretty much a no brainer.

 

[Bigoya]

Still seem abit much for $550 per month for the coverage you listed.

Actually, share investment is really not as tough as what many have said. Just investing into ETF alone is pretty much a no brainer.

When one is blind folded, even walking on a clear field may come as a challenge.