Term Insurance

[charel_ong]

quotes

Hi, would like to know the quotes for the following insurers and the sum assured.

Age 23 this year, non-smoker, female.

death/tpd 500k
ci 250k
Until 70 years old

- pruterm vantage (i got to know that there is a promo till end of Dec which has 500k sum assured i/o 1 mil)
- aviva myprotector level
- TM enhanced term assurance

would like to know extra information as follows:

1) agent with quotes, kindly indicate whether the premium will increase with age for death, tpd and ci.
2) what benefits it has that other insurers does not have?

*i know that the website/brochure has it but i want to hear what the agents can offer.

Thanks in advance.

 

[NiteX2]

looking for a quote for:

25, male, non smoker,
- term insurance covering death and TPD of $300K till 70 years old.
- also looking into CI and early CI of 300k as well till 70 years old

PM-ed you =)

 

[NiteX2]

Hi All, can anyone pm the quote for below -
31M non smoker, interested to know the premium for term insurance:

300k/500k TPD, death, early CI

coverage till 65 yrs old.

Thanks

PM-ed you =)

 

[isuzui]

What is actually is term insurance compared to those insurance when expired got money to take back?

 

[chopra]

What is actually is term insurance compared to those insurance when expired got money to take back?

term = insurance
life/endowment/savings/kids education = insurance plus fixed return investment in bonds etc
ilp = insurance plus variable investment in a mixed of bonds and stocks.

the latter two incurred hefty commission compared to DIY.

 

[isuzui]

term = insurance
life/endowment/savings/kids education = insurance plus fixed return investment in bonds etc
ilp = insurance plus variable investment in a mixed of bonds and stocks.

the latter two incurred hefty commission compared to DIY.

So term insurance after paying for like 30-40yrs, we won't be getting any cents back?

 

[chopra]

So term insurance after paying for like 30-40yrs, we won't be getting any cents back?

u buy travel insurance can get back money? buy accident can get back money? same concept.

 

[Carnage]

Just got the Prudential Vantage plan 1m insured. I don't suppose anyone thinks the Aviva SAF plan is better in terms of premium cost?

 

[isuzui]

Profile: Non smoker 32years old guy
Coverage: $500,000 Death , $500,000 TPD
Term covered: Till 70years old

Please PM me. Thanks

 

[MrQuotes]

Just got the Prudential Vantage plan 1m insured. I don't suppose anyone thinks the Aviva SAF plan is better in terms of premium cost?

How old are you?

How much are you paying per month?

 

[NiteX2]

Profile: Non smoker 32years old guy
Coverage: $500,000 Death , $500,000 TPD
Term covered: Till 70years old

Please PM me. Thanks

Quoted you =)

 

[Carnage]

Why don't you guys PM me instead?

 

[lukaloo]

I am a pru consultant myself. To be fair, i think AVIVA SAF term is one of the cheapest for coverage >$500K. I've seen my client working in Mindef getting this group term. But am not sure it open to only midef and SAF staff or all who served NS before.

Correct if i am wrong, i call in aviva check before. Critical illness cover max to 65yo. And the premium after 65yo (cover death) will be adjusted on yearly basis. They will send you a letter on 65 to ask whether you want to extend.

For <$500K, from what i have review, NTUC LUV is a good one to go for. Aviva Group term for NSmen also a good one before others.

Pruterm vantage is good, for those who cant get Aviva group term.

 

[MrQuotes]

Not true... For a $1Mill SAF GTL cost $128/month. I have found a company that quote $80-90/month and it's not Pru Vantage.

 

[sinkie4life]

Question!

Say at 25 years old my annual income is $24k. No kids and parents still (relatively) young. I should be getting personal coverage of about 10x my income right? So assume i get term insurance coverage of 300k TPD/Death/CI till the age of 65.

Then 10 years down the road I start to have kids plus parents retire. Will I be able to increase my coverage on the existing term insurance or do I have to purchase a new one? If it's the latter, then what happens to my existing term insurance?

Thanks in advance!

 

[torrent06]

Question!

Say at 25 years old my annual income is $24k. No kids and parents still (relatively) young. I should be getting personal coverage of about 10x my income right? So assume i get term insurance coverage of 300k TPD/Death/CI till the age of 65.

Then 10 years down the road I start to have kids plus parents retire. Will I be able to increase my coverage on the existing term insurance or do I have to purchase a new one? If it's the latter, then what happens to my existing term insurance?

Thanks in advance!

From my understanding, increase of coverage is usually subject to underwriting and declaration of state of health/medical checkup at the point of application. You can just buy another policy for the additional coverage you need and still keep the existing one.

 

[XiaoZen]

I am a pru consultant myself. To be fair, i think AVIVA SAF term is one of the cheapest for coverage >$500K. I've seen my client working in Mindef getting this group term. But am not sure it open to only midef and SAF staff or all who served NS before.

Correct if i am wrong, i call in aviva check before. Critical illness cover max to 65yo. And the premium after 65yo (cover death) will be adjusted on yearly basis. They will send you a letter on 65 to ask whether you want to extend.

For <$500K, from what i have review, NTUC LUV is a good one to go for. Aviva Group term for NSmen also a good one before others.

Pruterm vantage is good, for those who cant get Aviva group term.

Aviva GTL is max up to 70...

Pruterm Vantage is max up to 100...

Dun compare apple with pear.. find another company term that can insure till 99. Then you compare with PruTerm Vantage..

price around the same.

I'm not afraid to share my 29/30 YO PruTerm Vantage. Male Smoker is $305 per month.

 

[yvette]

Just got the Prudential Vantage plan 1m insured. I don't suppose anyone thinks the Aviva SAF plan is better in terms of premium cost?

my husband wanted to buy this but in the end i stopped him. we feel that yes the family can get the 1m after he is died (before the policy ends) but feel like no meaning living already. and if the family or children know you have this policy will they treat you good because of the money or because they love you? not a very good plan in my thinking.

 

[chopra]

my husband wanted to buy this but in the end i stopped him. we feel that yes the family can get the 1m after he is died (before the policy ends) but feel like no meaning living already. and if the family or children know you have this policy will they treat you good because of the money or because they love you? not a very good plan in my thinking.

What a weird but valid thinking. Hence, it explains through and through why i will only buy term till ~65yo, where a loss of income will become a burden to the family.

 

[valerie1234]

Hi all,

Can PM me quotes for the following:

Profile: Non smoker 32years old female
Coverage: $1m Death , $1m TPD, 500k CI
Term covered: Till 65years old

Profile: Non smoker 36years old male
Coverage: $1m Death , $1m TPD, 500k CI
Term covered: Till 65years old

Thanks!