Does anyone have a good recommendation for an insurance (critical illness) that gives a good cash back value ? I just know of surrender value but they seem really bad. Any other alternatives?

Hi anon,

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Please do not consider a CI plan for it's cash back value or surrender value (or whatever other fancyful terms you may have been told)

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They are meant for protection and not meant for surrendering.

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You need to evaluate what you need, and then select a plan based on that.

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When I'm recommending CI plans to the clients, it's always about how long they need the coverage, how much they will be covered for, what they are covered for, how much and how long will the premiums be, etc. The conversation will hardly ever revolve around the surrender value.

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As for your question on alternatives, there are plenty of options for a CI plan, but it does boil down to what you are looking for here. Without a clear understanding of your needs, it is hard to suggest anything.

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Lastly, on reasonable policies. This is also hard to answer in general, but I am sure you will agree that any policy that meets your needs with an acceptable premium will be a reasonable one. So you see, it still goes back to your needs.

Hi, I wouldn't suggest that you mix insurance protection with investment returns. These 2 are separate things and shouldn't be put together in a basket. Each of the plans has its uses and benefits for you.

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If you would like to discuss it in detail, I would love to connect with you!
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