Should I surrender my ILP?

[dendii]

If you started this year you might want to relook at this since you are perfectly healthy.

3k per annum can get you a much much higher coverage than your current 110k.

I will suggest a mix of Limited Pay WL + Term.

250 per month. no existing illnesses and any other insurance. Started this year April
death 110k
terminal illness 110k
TPD 110k
Crisis cover provider 110k

 

[Goldschlager]

If you started this year you might want to relook at this since you are perfectly healthy.

3k per annum can get you a much much higher coverage than your current 110k.

I will suggest a mix of Limited Pay WL + Term.

appecriate for the advice, i guess i will cancel it then.

 

[Nearlythere]

I've a couple of ILPs with different companies. What is the best way to terminate them? My agents are all dissuading me whenever I bring up this topic.

 

[awful999]

I've a couple of ILPs with different companies. What is the best way to terminate them? My agents are all dissuading me whenever I bring up this topic.

goto the insurance company to cancel, the faster way

 

[jasonf31987]

I support this. Get term life. Cheapest with highest coverage and when it come to claim, usually no dispute.

Got so cheap?

 

[jasonf31987]

Hi. I would like to seek advice as I feel that I am over insured.

1. Smart protect (2012)
Sum insured 100k
$200/ month

2. Life ( 20 year) ( 2015)
Sum insured 100k
$2977 per year

3. Manulink enrich (2015)
Sum insured 21k
$5000 per year

4. Manulink flexi (2014)
Sim insured 100k
$4200 per year

You need so many insurance plan?

 

[Maeda_Toshiie]

I've a couple of ILPs with different companies. What is the best way to terminate them? My agents are all dissuading me whenever I bring up this topic.

Of course. You cancel, they lose their commission.

 

[jasonf31987]

Hi. I would like to seek advice as I feel that I am over insured.

1. Smart protect (2012)
Sum insured 100k
$200/ month

2. Life ( 20 year) ( 2015)
Sum insured 100k
$2977 per year

3. Manulink enrich (2015)
Sum insured 21k
$5000 per year

4. Manulink flexi (2014)
Sim insured 100k
$4200 per year

u paying 14+ per year for insurance so expensive?

wah

 

[jasonf31987]

For ILP, if can better cancel, if not will like me, premium 120, charges 40 plus , you want ?

just brought a term policy and will terminated my ILP ASAP. bye bye ILP, blood scuker

what is ILP:????

 

[jasonf31987]

You are insured for 321k only.
I would say severely under-insured.

If you have no pre-existing illnesses, terminate ALL and get a $1,000,000 term policy.

SAF group term only $42/mth for sum insured of $1,000,000

saf group term only $42????????

 

[Shion]

what is ILP:????

http://www.mas.gov.sg/moneysense/un...nts/investment-linked-insurance-policies.aspx

 

[Shion]

saf group term only $42????????

http://www.aviva.com.sg/pdf/MINDEF_MHA_GTL_Product_Summary.pdf