Anonymous
Hi I bought a WL plan last year but thinking if should cancel and buy term. GREAT Flexi Living Protect 2 (200% multipler) $3400 PA Not much of an investor but might start small Need some advice TIA
5
Discussion (5)
Learn how to style your text
Tan Siak Lim
02 Dec 2022
CFP. Director, Financial Advisory Group at Financial Alliance
Reply
Save
Tan Siak Lim
02 Dec 2022
CFP. Director, Financial Advisory Group at Financial Alliance
You could do better had you bought the plan with bigger multiper (say 400% - 500%). The multiplier is essentially a limited pay term policy. You also have a smaller whole life that you need to cover you for life especitally against CI. For the same premium you are paying today, you can get a higher coverage and still have some whole life policy which is essetnail
Reply
Save
Billy
Edited 30 Nov 2022
Development & Acquisitions Manager at Real Estate Private Equity
Term = pay more if you live longer
Whole life = pay till certain age + there's a cash value
Whe...
Read 2 other comments with a Seedly account
You will also enjoy exclusive benefits and get access to members only features.
Sign up or login with an email here
Write your thoughts
Related Articles
Related Posts
Related Posts
You could do better had you bought the plan with bigger multiper (say 400% - 500%). The multiplier is essentially a limited pay term policy. You also have a smaller whole life that you need to cover you for life especitally against CI. For the same premium you are paying today, you can get a higher coverage and still have some whole life policy, which is essetnail