20 Aug 2020
Hi, im now 20 years old, waiting to enlist. I am considering aviva term life (500k) + multipay CI (150k) till 65 years old, cost $1250. Do you think is worth it or necessary for my age? Any suggestion?
You will have to find a way to fund The plan after you ORD. It's great that you're getting it now but my advice is to hold it unless you have a sure way of financing it. The worst thing is to get it and let the policy lapse due to cash flow issues after you ORD.
Financial planning is an integral part of life. You can reach me here to find out more.
If you are currently not employed, and do not have the means to fund this policies. You might be better off just staying on the SAF's group insurance policy, and build your financial foundations first.
I am still holding on to my group insurance policy, and its one of the most cost effective solutions.
Hope i was able to shed some insight!
Hi Anon, I gotta know how you're planning on financing this policy during your enlistment.
You can ...
Read 1 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