Pru Term Vantage questions

[mordox]

hi guys,

is there any similar plans from other companies that offer term till age 99? if yes do you guys know the names and the difference or pros and cons of different companies?

Understand Prudential might be more reputable.

I was reading up on old threads but realise there really isnt any comparison of other term till 99 plans from other coys.

 

[ahjunlah]

But why would you want to cover until age of 99?

Sent from using GAGT

 

[soneat]

hi guys,

is there any similar plans from other companies that offer term till age 99? if yes do you guys know the names and the difference or pros and cons of different companies?

Understand Prudential might be more reputable.

I was reading up on old threads but realise there really isnt any comparison of other term till 99 plans from other coys.

Aviva, Tokio Marine, AXA also have Term to 99 years old.
For smaller sum assured (500K) or for female or early entry age, Prudential tends to be cheaper.
For 900K/1m sum assured, Aviva have 20% perpectual discount.
For AXA, young entry age, AXA maybe cheaper
For Tokio Marine, female, older entry age, rates are competitive.

Get a quote from the various companies for your scenario and take a look.

 

[kiko34]

But why would you want to cover until age of 99?

Sent from using GAGT

Can you explain why not? I am also in dilemma if I should get a term to cover whole life or till age 65 or 75?

 

[icyboiz]

Can you explain why not? I am also in dilemma if I should get a term to cover whole life or till age 65 or 75?

well, life plans are usually planned not for yourself, but for leaving a legacy, which means for your future generation. if you buy early till 99, you get covered even when pass away at 80 or 90, this way your descendants still get the lump sum from your death.

if you may ask why not buy by then, well, most insurance company do not cover people anymore when they reach 75( age subject to policies and injurer)

 

[kiko34]

well, life plans are usually planned not for yourself, but for leaving a legacy, which means for your future generation. if you buy early till 99, you get covered even when pass away at 80 or 90, this way your descendants still get the lump sum from your death.

if you may ask why not buy by then, well, most insurance company do not cover people anymore when they reach 75( age subject to policies and injurer)

Didn't the above post state that aviva, axa, tm cover till 99yo? Wasn't it better to cover for wholelife if one can afford and considering leaving a legacy . What if mishap happen just after term plan end at 75?

 

[Perisher]

Didn't the above post state that aviva, axa, tm cover till 99yo? Wasn't it better to cover for wholelife if one can afford and considering leaving a legacy . What if mishap happen just after term plan end at 75?

One ought to have build up savings by then. Unless you plan to live your life with no monthly savings.

 

[kiko34]

So are you suggesting for fixed term rather than WL term ?

 

[gunsol90]

hi, allow me to give you my 2cent thoughts as an agent.

when you are considering such term plans as to whether you want to cover till 65, 70, or even till 99, you must understand Your purpose of buying it.

1) do you only want to cover your liabilities till your children becomes independent?
2) or do you want to try and leave a legacy for your next generation when you pass away?

for my own personal choice, I'm choosing the first 1. I did a 1 million term plan for myself as I'm getting an EC next year and that amount is more than enough to cover the house and my future children's living expenses if i pass on.

I believe in letting the children go out and earn their own money when they grow up as adults.

hope it answers your question.