I was recommended by my agent to get the Prulife multiplier flex for early critical illness coverage. She said that this can complement my current ILP that has CI rider. What do you guys recommend?

Firstly, what is the main purpose of your ilp and how much you actually understand about investments?

Secondly, do you have other plans other than your current ilp?

If you are open to meet, i will be sharing with you certain things:

• Basic introductions on investments

• The pros and cons of ilp

• Other options that you may consider

Do ring me up on my mobile (+65 9170 7312)

Ethelyn from Great Eastern Life Assurance Ltd

Well, i have a couple of questions for you:

1) Why did u purchase the ILP at the start?

2) What was the purpose of your ILP?

Based on what you have shared, your annual income is approximately S$48,000. In terms of CI coverage, it would be good to have 4 - 5x of your annual income as CI coverage. Hence, I would suggest that u cover $50,000 to S$100,000 in ECI and another S$150,000 in CI Coverage.

As for what kind of plans for your coverage, it really depends on your overall budget, and preferences. For ECI, i would strongly suggest that you stick to a Whole Life Plan rather than term plans unless you can easily invest the difference to generate at least 5 - 6% annually.

As for CI, it would be good to have it as a rider to a term plan, since ILPs arent the most efficient way to provide coverage for CI.

You may reach out to me via Facebook https://www.facebook.com/brandan.chen should you have any further questions