I'm making decision for ECI plans. I am trying to weigh between Aviva $1230 /mth and GE $894/mth.

Price is what you pay but value is what you get. Need to look at totality of the coverage nature. Need to know if you prefer single pay (accelerated claim) and multipay

I went through a similar comparison recently and decide to purchase Aviva multipay for its multipay up to 900% feature. not the cheapest (i think GE is quite cheap for single payout). $120k base pay for $170/m at 35 years old. More importantly agent is committed and reachable when you need to claim many years later. Many agents nowadays quitted easily (younger one) and jumping from insurer to insurer. very high turnover.

Hi anon,

​

The premiums should be per year.

​

It looks like you are considering Aviva's term plan with the additional ECI rider, as well as a GE term plan with an accelerated ECI rider. I'd suggest that you consider Aviva's multipay rider on top of the term plan instead, or a stand alone multipay plan at this rate. The additional cost of the multipay rider is offset by the fact that the late CI payout from this rider is 3x that of the early CI payout. So you could probably look at, say a $100K multipay rider, which will provide $300K in event of late CI. You'll definitely need more financial resources in the event of a late CI, and getting just $200K in the event of a late CI might not be sufficient for you.

​

Ultimately this is not financial advice but you really should speak with an advisor about the specifics of your situation and get tailored advice, what I mention is just from my understanding of your situation, based on what you stated.