GE Term + Critical Care Advantage (CCA) vs Aviva Term + MultiPay CI.?

All agents face conflict of interest when recommending u plans. There is no good or bad plan, just which one suits u more in the even of your claim..

Hi anon,

I presume each option involves two separate policies.

I do not represent GE, but based on what I know, Critical Care Advantage caps your early CI payout at $100K, and is technically not a multi pay plan, as you would have to buy a high sum assured to claim for intermediate and late stage CI. (This is what you have described about tapping into the SA)

In the event that you only bought $100K SA for CCA, a single claim would end the plan. Whereas with Aviva MP, you can still claim a second time for early CI, although from a different 'pot' of CI, and you still have the ability to claim for Late CI and recurrent cancer/heart attack/stroke, or first time major CI later on.

Thus, if premiums are similar, I would take Aviva's Multipay since I can still claim later on. However I will have to continue paying premiums until a late stage CI claim (layer 2). This is a 'negative' point in a way, since I won't have to pay premiums for GE already (assuming there is still sum assured to claim on).

The waiting period feature is as you described, with no waiting period between claims. Aviva has a waiting period for layer 3 and 4.

For term plans, all parameters being similar, then you can take the cheaper one.

So you might end up with a GE Term and a Aviva multipay, for example.