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20 Aug 2020



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)?

Discussion (15)

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Assess your specific coverage needs, considering factors such as your age, health condition, family heardle history, and financial obligations. Determine the types of illnesses or medical conditions you want coverage for and the level of protection required.

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In my opinion, is unquestionably crucial. There are various schools of thought regarding early CI; some may argue that it is treatable and won't significantly affect one's ability to earn money, at least not right away. However, if geometry dash lite is able to. Early CI or the multipay plans you mentioned are what I'll suggest.

I would rather insure enough to cover my critical years 30-65. After 65 years, can start to draw down from the investment I make since 30 years old. Imagine I DCA just $200/m to a S&P500 ETF, that would probably have a 10% annualised return and I can reap ~$400k when I am 65 years old.

Tan Pau Cen

20 Aug 2020

Financial Consultant at Prudential

I believe the answer is "it depends". It depends on your budget, your current age, your family histo...

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