Following the BTIR and 1m65 strategy, whats the best term insurance for 1million coverage till 65 and the best CI coverage with early CI till 65?

Hi there,

Depending on your age, if you are currently below 30, if you know you are going to BTIR, you should buy your insurance as early as possible, to keep costs as low as possible up to age 65.

It will be cheaper to aggregate your coverage for Death, TPD and TI, separate from your CI to lower assurance costs. That would mean getting a term plan like this to cover for your 1M.

For your CI coverage, your immediate priority will be to get coverage for your ECI, as that will be the most immediate and relatable risk for yourself riding up to 65 years old. Finding out your adequate CI coverage would depend on alot of factors, such are your current day drawn income, as well as future increases. This term CI policy that might be ideal for your strategy.

The other things like having an Integrated Shield Plan and Personal Accident, are self explanatory.

Insurance planning for BTIR has many approaches, but there are still alot of factors that are not accounted for, which can only be addressed with more information.

I do hope the information presented is adequate for yourself, if you would like to explore how I plan for my BTIR clients, you can fill in a request to schedule a consult.

Have a great week ahead!

Most term plans covering death is pretty standard across all insurers. You die, I pay. Don't die, don't pay. So just choose a decently priced one and you should be fine.

For ECI term you can choose between a standalone multi claim or single claim CI term plan, or as one attached as a rider to the main term plan covering death.

You should just ask your FA directly for their advice because I may say something and they may say another and you'll just get confused. So work with someone you trust and get them to do a comparison for you.

I do have to say that when considering getting ECI cover, BTIR doesn't work as well as ECI Term isn't as affordable vs a ECI on a Whole Life plan. You'll need a 7% CAGR for 40 years to be equal to a ECI Whole Life policy, and you aren't going to do that with CPF or 1M65 at all, which is another strategy that isn't perfect because you're leaving a lot of control and the rules of your money to a strict system plus taking very minimal risk especially if you're younger.

I'd much rather have 1M in cash and you can do that without significant difficulty by investing in a globally diversified portfolio of funds.