Anonymous
I am looking around for term cover till 65. should i look at 5/10 renewable term or go for term that cover till 65?what are the pros and cons i should consider?
3
Discussion (3)
What are your thoughts?
Learn how to style your text
Jasmine Tan
29 Sep 2022
MDRT Senior Financial Consultant at Prudential Assurance Company Singapore
Reply
Save
Tan Siak Lim
26 Sep 2022
CFP. Director, Financial Advisory Group at Financial Alliance
Usually the term to 65 will be cheaper when you consider the total premium.
Reply
Save
First question on the duration of term
- Think about the purpose of coverage. if its for something ...
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
Related Articles
Related Posts
Related Posts
Would not recommend to purchase a renewable one because theres alot of cons to it.
1) Health affected might not be able to purchase
2) Increase priced as you age
3) Insurance can change the coverage, benefits and price as and when they want.
Basically there is no reason for you to purchase a rewnewable unless you do not intend to have a long term coverage, maybe just want a higher coverage to cover your importance life stage (e.g during mortage loan, kids education period).