Recently I consult my agent regarding this plan PRUlife multiplier...
Paid for 25 years
Sum amutre 100k after multiplier 300k before age 65 years old
Add on early CI rider 250k
If in the olden age still fit enough can choose to surrender policy to get back Cash value
Months premium $260+
So is it worth to buy?! Pls advice!
You already have paid the PRUlife for 25 years? Depending on how old you are, you may want to consider a separate Early stage CI policy if you are paying $260 just for rider. It should cost around the same for Manulife (which covers til 99 years old). Riders will lapse when policy lapses.
If not, usually Whole Life plans with Early CI are good. The best are Tokio Marine Legacy LifeFlex and AXA Life Exentials Prime.
Pros of Tokio Marine LLF:
a) 108 Medical Conditions (AXA has 99)
b) 9 Juvenile Conditions (AXA has none)
c) Wellness Benefit - $100 every 2 years if in good health. (AXA has none)
d) Additional Coverage for 9 Special Conditions @ 20% (AXA - 10%)
Pros of AXA:
a) Multiplier until age 70 (Tokio Marine- til age 65)
b) Accidental Death's multiplier is 7x (Tokio Marine has none)
c) Short Term Disability Income (Tokio Marine has none)
- Means if you suffer a temporary disability that affects ur ability to work, it will serve as income replacement. Up to $2000/mth for 24 months.
d) Guaranteed Insurability Option (Tokio Marine has none)
-Means when you can increase your coverage WITHOUT having to declare any medical conditions at certain key life stages. Guaranteed to be able to increase it.
e) Additional Coverage for 10 Special Conditions (Tokio Marine - 9 Special Conditions)
Both can claim 100% at early CI, up to $200,000.
Special Conditions can claim up to 5 conditions.
Tokio Marine is only a weeny more expensive than AXA but after accounting for Wellness Benefit, it may be a little cheaper. Either way, both premiums are around the same, around $250/mth (pay for 25 years) for 20s and 30s adults.
P.S. Just to clarify, I'm an AXA consultant.
