Yes. I thought it's a great idea to get investment linked policy that covers the CI as well

Firstly, kudos for addressing insurance coverage after a critical illness (CI) claim. It's a challenging topic, but your proactive approach to financial security is commendable.

Let's dispel some common myths about post-CI coverage:

1. "Coverage after a CI claim is impossible." False. It's challenging, but options exist.
2. "ILPs are always a poor choice." Oversimplified. In some cases, they offer unique benefits.
3. "Higher premiums equal better coverage." Not necessarily. It's about finding the right balance for your situation.

Your options, analyzed:

1. ILP with 160% death benefit after 20 years:
   Pros:

• Combines investment and insurance
• Potentially lower initial premiums
• Increasing death benefit
  Cons:
• Uncertain investment returns
• High fees
• Possibly lower initial coverage

2. Traditional insurance with 150-200% loading:
   Pros:

• Straightforward coverage
• No investment risk
• Higher immediate coverage potential
  Cons:
• Higher premiums
• No investment component
• Fixed death benefit

Considering your circumstances:

1. Coverage is crucial: At 48, life insurance is essential, especially with dependents.
2. Budget matters: Can you sustain the loaded premiums long-term?
3. Assess your investment strategy: If you're investing elsewhere, traditional insurance might be more suitable.
4. Health outlook: Could you qualify for standard insurance in the future? A short-term, high-premium plan could bridge the gap.
5. Long-term needs: Do you need coverage beyond 20 years? This impacts your choice.

My recommendation: Lean towards traditional insurance if the premiums are manageable. Here's why:

1. Immediate protection: Substantial coverage from day one.
2. Simplicity: No concern over investment performance.
3. Flexibility: Potential to switch to a standard plan if your health improves.

If the loaded premiums are unsustainable, an ILP could be a viable alternative. Be mindful of fees and initial lower coverage.

Remember, insurance isn't one-size-fits-all. Your unique situation demands a tailored approach. For a comprehensive evaluation of your options, considering your full financial picture, feel free to reach out.

I regularly share insights on complex insurance scenarios on Instagram @ngooooied. From policy intricacies to maximizing coverage on a budget, I offer practical advice for Singaporeans facing unique insurance challenges. Follow me to stay informed about making smart insurance decisions at every life stage.

You've taken the first step by asking this question. Now, let's ensure you get the right coverage for your needs.