facebookI'm comparing AXA super criticare and Prutriple protect. Is there any advice which one is better? - Seedly

Anonymous

20 Aug 2020

Insurance

I'm comparing AXA super criticare and Prutriple protect. Is there any advice which one is better?

Please advise!

Discussion (7)

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Generally, life insurance coverage can be split into three life's major event,

  1. Pre-Mature Death

  2. Total & Permanent Disability

  3. Critical Illness

Death Coverage

There are a couple of factors that we need to clarify and plan before we can establish whether there is a need for death coverage if you are single. For example, do you have any dependents? Do you have any liabiltiies?

Based on the latter example, just because you are single doesn't mean that your liabilities will be written off upon death. Therefore, there exists a need for proper estate planning to this end.

More Details:

5 Reasons why You need Life Insurance - Death Coverage

Total & Permanent Disability

Since you are alive and continues to live, there exists a need to be insured.

More Details:

5 Reasons why You need Life Insurance - Total & Permanent Disability Coverage

Critical Illness

Similar to the rationale for Total & Permanent Disability, there exists a need for you to be insured.

More Details:

5 Reasons why You need Life Insurance - Critical Illness

On the whole, these are general guidelines which may or may not work for you. Therefore, you are encouraged to conduct comprehensive financial planning. Through this process, it ensures that we are well-planned ahead in life.

Life insurances, though, rarely are a good idea and underperforming other investment strategies. The staff of insurance companies often have conflicts of interests.

Hariz Arthur Maloy

20 Jun 2020

Independent Financial Advisor at Promiseland Independent

Hi Anon, I see that you're comparing multi claim all stage critical illness policies.

I personally ...

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