I am thinking about buying a life insurance and CI rider but the agent suggested to buy CI term insurance and life insurance as 2 separate plans. Any advice?

It depends on the rationale for doing so. For instance, do you enjoy better coverage at a cheaper premium? Does the proposal fits into your needs and goals over the long-term?

Without detailed information with regards to each proposal, it is difficult for us to give you responsible advice.

Generally, a term insurance policy will be cheaper than a whole life insurance policy. However, the coverage period may not be ideal. Therefore, this is a possible consideration to that end.

More Details: Term vs Whole Life Insurance Singapore

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Hi Anon!

The agent's recommendation might be based on your current priorities and / or budget. If priority for Critical illness is high, it is recommended to get a separate plan for CI for additional and better coverage -- on top of the life coverage.

Although there are products in the market (regardless of the provider) that offers life coverage, as well as protection for different stages of critical illness.

Feel free to send me a message if you have other questions or concerns. ​​​