Term Insurance Plans

[charel_ong]

would like to get some quotes for Term Plans. The following are my requirements:

- cover for death + CI + TPD
- min. 300k sum assured
- cover till 80 or life (if there is any)

Im 24 next year, female, non smoker.

Qn: will premium increase after every age band or the premium is 'locked in' at the age that I bought?

 

[Michael Lin]

Pm you with the quote.

Qn: will premium increase after every age band or the premium is 'locked in' at the age that I bought?

Ans: Yup. the premium will be lock in on the age you purchase. it will not increase due to age..

 

[wooty100]

Hi , drop you a pm for Zurich quote.

 

[Panerex]

Pm you with the quote.

Qn: will premium increase after every age band or the premium is 'locked in' at the age that I bought?

Ans: Yup. the premium will be lock in on the age you purchase. it will not increase due to age..

Locked in for CI component as well?

 

[kenix14]

Locked in for CI component as well?

For term plans, it is locked in for CI component as well.

 

[kebinu]

Level premium term, yes. This means premium won't increase over the years.

Guaranteed premium, no. This means the insurer can increase the premium if claim rate is high.

Then, relax because this is standard in the insurance industry.

 

[charel_ong]

Budget $80, possible?

 

[kebinu]

Age Next Birthday: 24 Date: 12/11/2013
Sex: Female Foreigner: No
Smoker: No Resident: Yes

Plan: Supreme Living Term Plan Code: 0656
Sum Assured: $ 300,000
Annual Premium: $ 1,044.00 (M:$89.60 Q:$268.85 H:$532.45)
Policy Term: 56 Years
Payable For: 56 Years

$89.60 a month for Great Eastern's Supreme Living Term

As what you asked, premium is level term, ie the same throughout the 56 years but it's not guaranteed.

If you are looking for cheaper, wait for quotes from others here.

EDITED:
p.s. I would rather you insure for 41 years at $74.45 premium monthly. Save the $15/month on something else as $300k is going to become so much "smaller" later.

 

[Michyeosseo]

Does it include CI? Pretty cheap until age 80.

 

[kebinu]

Yes it include ci.

 

[charel_ong]

Age Next Birthday: 24 Date: 12/11/2013
Sex: Female Foreigner: No
Smoker: No Resident: Yes

Plan: Supreme Living Term Plan Code: 0656
Sum Assured: $ 300,000
Annual Premium: $ 1,044.00 (M:$89.60 Q:$268.85 H:$532.45)
Policy Term: 56 Years
Payable For: 56 Years

$89.60 a month for Great Eastern's Supreme Living Term

As what you asked, premium is level term, ie the same throughout the 56 years but it's not guaranteed.

If you are looking for cheaper, wait for quotes from others here.

EDITED:
p.s. I would rather you insure for 41 years at $74.45 premium monthly. Save the $15/month on something else as $300k is going to become so much "smaller" later.

$74.45 for $300k sum assured? Why become smaller..? Inflation?

 

[kebinu]

$74.45 for $300k sum assured? Why become smaller..? Inflation?

Yes, inflation.

This is why my concept of term insurance is usually becoming "self insured" after 65, with the exception of shield plan forever.

 

[charel_ong]

Yes, inflation.

This is why my concept of term insurance is usually becoming "self insured" after 65, with the exception of shield plan forever.

Abit too complicated.. In layman term?

 

[viberzdae]

Sorry to ride on your thread. Don wanna flood e forum with term insurance thread.

Anyway, can anyone quote me term insurance 200k coverage for death, tpd, ci for 30yo, female, smoker.

Or a wl plan $100k coverage?

I'm still deciding between term vs whole life.....

 

[peacefulday]

wonder why nobody mention Safra living care term insurance? 100k with monthly $30+ in additional you need to sign up as a Safra member

 

[nanotard]

wonder why nobody mention Safra living care term insurance? 100k with monthly $30+ in additional you need to sign up as a Safra member

what is that?

 

[charel_ong]

Sorry to ride on your thread. Don wanna flood e forum with term insurance thread.

Anyway, can anyone quote me term insurance 200k coverage for death, tpd, ci for 30yo, female, smoker.

Or a wl plan $100k coverage?

I'm still deciding between term vs whole life.....

Is ok more ppl discuss here better.. I m comparing wl n term as well..

 

[Michyeosseo]

Why whole life? Just get a term to 100.

 

[FP_IFA]

Why whole life? Just get a term to 100.

Do you know how much a term covering to age 99 cost?

 

[lushiris]

Abit too complicated.. In layman term?

means to get coverage until u comfortable to self insure with your own money (savings, investments etc)..
u just need coverage while u building up ur wealth..