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Anonymous

09 Feb 2022

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Hi how do I know how long do I need to pay premium for my AIA lifetime protector

Is it till 65 years old or all the way till u either surrender it or pass away

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Elijah Lee

19 Feb 2022

Senior Financial Services Manager at Phillip Securities (Jurong East)

Hi anon,

Is that AIA pro Lifetime protector? Or without the Pro? Either way, it's highly like that Lifetime Protector is an ILP, if so, you will pay for life until the policy lapses by itself due to escalating insurance charges. (I'm guessing this policy has some protection against death, CI, etc)

You might want to re-examine the suitability of such a policy in your portfolio.

On protection based ILPs, I share my thoughts here. Have a read and you will know why I said what I said.

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