facebookI have budget constraints should I get a term insurance with death, TPD and CI lumped together, or just death and TPD with a standalone multi claim insurance? I'm looking at AXA, which is better? - Seedly

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Anonymous

30 Jul 2020

Insurance

I have budget constraints should I get a term insurance with death, TPD and CI lumped together, or just death and TPD with a standalone multi claim insurance? I'm looking at AXA, which is better?

Discussion (1)

What are your thoughts?

Pang Zhe Liang

Pang Zhe Liang

30 Jul 2020

Senior Financial Services Consultant at AIA Singapore Private Limited

You need to evaluate whether you need to have multi-claim in your insurance portfolio. By doing so, it may mean that you have to forgo a higher sum assured or to pay a higher premium for the same sum assured.

On the whole, there is no way to determine which proposal is better without understanding your needs. For this purpose, work with your agent or an experienced agent that you trust for responsible advice.

I share quality content on estate planning and financial planning here.

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