Anonymous

07 Oct 2020

∙

How much Early Critical Illness coverage is necessary or recommended?

Looking to get ECI coverage but not sure if it is really necessary and how much should I get.

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Hariz Arthur Maloy

07 Oct 2020

Independent Financial Advisor at Promiseland Independent

Hi Anon, the rule of thumb for CI coverage is 5 X Annual Income.

For ECI cover however, I would recommend the first 250k of anyone's portfolio to be ECI (as usually that's the max an insurer would allow). Anything above, get CI.

So if you're making 80k/yr, that's 250k ECI 150k CI as the rule of thumb.

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