I am a 30yr smoker. Alr have a Manulife life ready 25 whole life SA 50kx4. Deciding between AXA term protector 200k ECI TPD and death at $155 per month till 75years or should I take till 65 years?

Hi John,

Do you need more coverage in the first place? You need to understand that your coverage is based on your needs. You currently have $200K from your Manulife Lifeready (probably a mix of CI and early CI?), and unless you need more, then you should get more.

Assuming you need more, then you can look at how much longer you need this added coverage. You can get $200K more ECI till 65, bringing your total to $400K, and after that you will fall back on your Manulife plan which provides $200K till 70, and then after that $50K with the bonuses.

Or, you can get $200K term till 75, which means your coverage is $400K till 70, $250K after that, and $50K after 75. Whichever you prefer will guide you in your decision.

It depends on what’s the purpose of your term insurance. Are you looking at covering for kids (if u have) or are u looking for covering for housing, or just general liabilities. Answering this will sort out if u should take 65 years old or 10 years more.

Price point would also make a difference. What's ur main concern now? Protection for critical illness, Death or TPD? Mayb pm me, and could figure out more before arriving at a conclusion.