Term insurance help

[lzydata]

for an age range 36-40 male non-smoker

$1m death coverage with Aviva My Protector Plus Level Term plan, annual premium $1,065 after 25% discount.

Is this considered cheap?

What is the policy term? 20 or 25 years? Will the discount apply throughout?

 

[AngeLeo]

for an age range 36-40 male non-smoker

$1m death coverage with Aviva My Protector Plus Level Term plan, annual premium $1,065 after 25% discount.

Is this considered cheap?

Wow Panerex! $1M coverage? I'd like to be your friend! =P

Hi guys,

I need some help from you guys regarding term insurance.

My Plan is this : I am 25 years old this year. I want to insure to age 65. I Think I wont need CI Coverage as they are expensive to me and the coverage is for late stages.
Hence I will only need Death and TPD.

This is how I count how much coverage I need : $2000 per mth for parents till they 85 from now 60.

$2000 X 25 X 12 = 600K

I will insure 300k from NTUC , iterm plan = ??? ( any1 noe the guarantee premium till 65 per mth for 300k ) = estimate $40 per mth.
300K from Aviva , SAF Group , ( they got personal accident inside this plan , impt as young , the higher probability will get into accident ) = 12.8 X 3 =38.4$ per mth.


Is this a good idea ?? total around $80 buck insure for 600k ( include 300k from personal accident ) or should I all whack Aviva since got personal accident ?? what shld be the proportion ??? Are there any other better plan out there ... pls advise me .. Thanks a million.

Qns is why term plan in the first place?

My opinion is to whack everything into the cheapest since end of the day get no returns. Basic coverage will still be the same.

You do know that there is a cap for SAF GTL right? e.g $20M for a land accident, if got 10 people involved each will get max $2M, etc.

How does $936.00 per year sound for $600k Death & TPD coverage sound?

 

[FP_IFA]

What is the policy term? 20 or 25 years? Will the discount apply throughout?

The discount apply throughout, not just the first year. As far as I know, the discount is ending end Oct.

 

[Panerex]

The discount apply throughout, not just the first year. As far as I know, the discount is ending end Oct.

So worth the while for this $1m coverage?

Thanks