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Anonymous
Hello. i would like to get advice because i don't really know what im paying for (since 2018; a friend who was an insurance agent) and if im adequately or over-covered, and whether to hold some of them or let go.
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Elijah Lee
12 Mar 2024
Senior Financial Services Manager at Phillip Securities (Jurong East)
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U need to find a trained person for advice. provide your income, family situation and preferences to have a good advice given at this point of time which will change over time as our circumstances changes with time.
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How come you can buy so many similar policy?...
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Hi anon,
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I don't know your specific circumstances such as your age, job situation, income etc, however I will say that myprotector term is a reasonable term plan covering death, TPD and CI. Myeasysaver is a savings plan (can't remember if there's a withdrawal coupon but I think so) and Mysavingsplan is a savings plan that will provide a lump sum upon maturity (no coupons).
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It might be worth providing specific policy information such as the year you took it up, the premium and premium duration, as well as the policy duration.
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Without further information, I'm afraid I would not be able to share my views.