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Tay

20 Aug 2020

SeedlyAMA

Critical Illness Insurance?

Is it better to have an insurance that offers recurrent multiple payouts (e.g. payout for early stage illness, late stage cancer etc) instead of an insurance that only allow one time payout or payout up to certain cap, even though the premium is a lot higher (E.g. AIA Power Critical Illness)?

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Having insurance with recurrent multiple payouts can be more beneficial than a one-time payout, especially for long-term illnesses. It provides ongoing financial support, much like playing the Dinosaur Game where you navigate obstacles continuously. The higher premium may seem daunting, but the peace of mind and security for multiple stages of illness can outweigh the cost. Consider your health needs and financial situation carefully before deciding.

Critical illness insurance is a type of insurance policy that provides a lump sum payment if the policyholder is diagnosed with a specified critical illness. This financial support is designed to help bad time simulator cover the costs associated with serious illnesses that can lead to significant expenses and loss of income.

I think it is better to have an insurance that offers recurrent multiple payouts for critical illness. My insurance allows me to claim up to 5 times.

I see that participating in insurance that provides many periodic payments, such as covering early-s...

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