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文泰金

18 Oct 2024

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I'm 48, had a CI claim 3 yr ago. No coverage now. Should i get an ILP plan that offer death coverage of 160% premium after 20 yr or a plan that offer only death coverage but with 150% - 200% loading.

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Ian

18d ago

No.

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Francis

22d ago

I would avoid ILP if possible because heard of the higher cost.

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Stella

24d ago

Whole life insurance

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James

22 Oct 2024

I don't think there is any question to which the answer is "get an ILP" – there are always better things to invest in that won't result in you paying for some insurance salesman's maldives holidays.

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Elijah Lee

22 Oct 2024

Senior Financial Services Manager at Phillip Securities (Jurong East)

Hi 文泰金,

Sorry to hear about your situation and I hope you've fully recovered from your CI episod...

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Related Posts

I bought an ILP 3 years ago and want to surrender and change to a whole life plan with limited pay, to reduce premium that I will be paying for similar coverage on death, TI, TPD, CI. Should I do it?

Hey guys I'm curious as recently cimb bank called me and mentioned some premium plan that have coverage for claim for hospital bills, insurance, accident, death etc. Have anyone received similar case?

What’s the difference if I get a term insurance plan like AXA Term Protector covering death TPD and CI 3 in one and getting AXA Term Protector death and TPD while getting a stand-alone CI?

Is it wise to take up term life (death + TPD + CI with $1mil coverage) with additional early CI plan (total monthly premiums about $100+) to replace a whole life $300k coverage with monthly premium $301?

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