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Anonymous

10 Sep 2020

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Am retired. Had bought CI/TI insurance while I was younger, now that we have pretty good coverage under MediShield Life, is CI/TI insurance still make sense? Thought I should save on premium expenses.?

The premiums for CI/TI amounting to a couple of thousands a year, so I am wondering should I continue since I am retired and living off my retirement income.

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Al

10 Sep 2020

Have you studied if there is a conversion clause? Most old whole life policies can be converted to fully paid up, this will allow you to cease premium payments and continue coverage for CI and TI.

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