Term life beyond 65

[epigram]

Roughly how much would the premiums roughly be for term life policy (with and without covering TPD and critical illness)?
ABD 39, male, non-smoker, sum assured $500k
maybe coverage to 75 or 99?

 

[Lewis.T]

I assume you meant age next birthday 39,

Coverage till 75
Death 500k $155.55/Mth
TPD (Max coverage 65) $8.08/Mth
C.I 250k $126.65/Mth

Coverage till 100
Death 500k $238.43/Mth
TPD (Max coverage 65) $8.08/Mth
C.I 250k $166.81/Mth

Quotations are for Prudential's term plan, and before the first year premium discount of up to 40% ending this month.

 

[MoonHehe]

Roughly how much would the premiums roughly be for term life policy (with and without covering TPD and critical illness)?
ABD 39, male, non-smoker, sum assured $500k
maybe coverage to 75 or 99?

Hi,

Based on the above information, I give you the following quote.

Term to 75:
$500K coverage over ONLY Death & TI - $1,655.50/yearly.
But, because of an on-going campaign, First Year Premium will be $924.40.

$500k coverage over Death, TI & TPD (Up to 70 years old) and $250k coverage over CI - $3,093/yearly
But again, because of the on-going campaign, First Year Premium will be $1,974.40.


PM me if you need more quotes/info. Thanks for your time.

 

[Lewis.T]

Hi,

Based on the above information, I give you the following quote.

Term to 75:
$500K coverage over ONLY Death & TI - $1,655.50/yearly.
But, because of an on-going campaign, First Year Premium will be $924.40.

$500k coverage over Death, TI & TPD (Up to 70 years old) and $250k coverage over CI - $3,093/yearly
But again, because of the on-going campaign, First Year Premium will be $1,974.40.


PM me if you need more quotes/info. Thanks for your time.

Hello! Would appreciate if you could break down the cost and do a similar quotation (75 years) according to his wants, and maybe using monthly premiums? Your pure death/ti coverage seems to be better than what I've quoted for coverage till 75, but your second quote is coverage till 70? That's including the C.I? Also the quotation for 99/100? Is a little confusing even for me.

If you could clear this up it would be much better to people who would like to do a side by side comparison. Also maybe your company's name would help

Just advocating for some transparency here. If your company has cheaper premiums then even better for the thread starter!

 

[MoonHehe]

Hi,

Apologies. Below is as requested using your format:

Coverage till 75
Death & TI 500k - $137.92/Mth
TPD (Max coverage 65) - $15.00/Mth
C.I 250k - $104.79/Mth
So total, considering you take up ALL the coverages, it will be $3,093/yearly. But as I stated because of the on-going campaign, the first year premium will be $1,974.40.


Coverage till 99
Death 500k $309.38/Mth
TPD (Max coverage 70) $15.00/Mth
C.I 250k $171.67/Mth
So total, considering you take up ALL the coverages, it will be $5,952.50/yearly. But as I stated because of the on-going campaign, the first year premium will be $3,240.40.

Lastly, I'm quoting from AXA.

Thanks for your time.