facebookAre insurance catered to females necessary? If so, what's the term that is recommended? Are there pros/cons of not getting the female insurance to age 64 (as what most insurance company offer)? - Seedly
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Anonymous

06 Jun 2019

Are insurance catered to females necessary? If so, what's the term that is recommended? Are there pros/cons of not getting the female insurance to age 64 (as what most insurance company offer)?

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    What are your thoughts?

    I wouldn't say they are of a higher priority as opposed to general CI, which would be the protection product I would recommend before a female-specific CI.

    However, there are perks to having a female-specific CI plan:

    • Full medical checkups
    • Additional support and post-surgery benefits to help ease your recovery process and confidence due to the highly unwelcome experience

    What is your current CI coverage? If you'd like to explore CI options and female-specific CI products, feel free to let me know! :)

    Cherie Tan

    โ™ก Go Beyond Financial Planning: Empower Yourself & Enrich Your Life:

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    ๐Ÿ›Ž Associate Wealth & Financial Planner (AWP, AFP)

    ๐Ÿ›Ž Singapore Accredited Mortgage Planner (SAMP)

    Representing Prudential Assurance Company Singapore (Pte) Ltd Reg. No. 199002477Z

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      Hariz Arthur Maloy

      Hariz Arthur Maloy

      23 Jan 2019

      Level 15ยทIndependent Financial Advisor at Promiseland Independent

      Not necessary but recommended. This is because of the the free health checkup that comes with it. It's not also necessarily because of saving money, but more of the fact that you are reminded to go every year if not wasted.

      This makes sure that if anything were to come up, you find out early and can get treated before it gets worse.

      All the female specific plans end at age 65. But for general CI (which also covers female CI), I would recommend either Whole of Life or until life expectancy age, which is 85 for females.

      Also another pro to the female specific plans that are not in general CI would be the female surgeries benefit for masectomies and other reconstruction benefit which I've told helps in confidence and morale after experiencing such a traumatic experience.

      I've been speaking extensively about this since August last year, and could help you understand in clearer detail why you can choose to take or ignore this.

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