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tbchua

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Hi all,

For your advise please.

Is it better to opt for shorter term to pay off life insurance or is better to stretch till 25 yrs premium terms?

I am undecided to opt for the max or to pay off slightly earlier.
 
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Aerial86

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tbchua said:
Hi all,

For your advise please.

Is it better to opt for shorter term to pay off life insurance or is better to stretch till 25 yrs premium terms?

I am undecided to opt for the max or to pay off slightly earlier.
Click to expand...

A few things has to be taken into consideration. Retirement age, budget etc.. It is advisable to take up 25yrs if it falls before your targeted retirement age so that you do not have to worry about the premiums anymore when you decided not to work.

These are just very surface factors to consider thou. Many other factors has to be taken into consideration for a comprehensive plannings. Might even have to go down deeper into every single dollar and cents to benefit fully.
 
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