Advertisement

WaiKiat Lai

13 Apr 2020

∙

If I were to buy insurance for a newborn, should I buy term or whole life insurance?

2

Post Merged

This post is no longer accepting new comments because it has been merged with Woud you all recommend whole life or term insurance for babies?

View our community merged guideline

Discussion (2)

Loh Tat Tian

05 Apr 2019

Founder at PolicyWoke (We Buy Insurance Policies)

If you can afford, a whole life would make sense.

However, in the event you are worried about insurability, yet may want an affordable 1,term is also fine.

If you are OK to wait, and feels that insurability can wait, they can settle their own insurance themselves. Just help them get hospitalisation aka shield plans ISP plans. (single most important and very affordable).

Reply

Save

Dawn Fiona

03 Mar 2019

Hi! I personally didn't buy any of the two on my son's life. You may read more here: http://www.sgbudgetbabe.com/2018/07/what-are-to...

I've bought 1 and 2 in that list.

Reply

Save

Write your thoughts

Related Posts

Hi there, I would like to check, am I better off buying Term Life Insurance instead of buying Whole Life Insurance? It is so expensive to pay for Whole Life Insurance. Any suggestions?

If we do have whole life insurance now, should we cancel and buy term insurance to save premium costs?

Is it possible to buy and claim term insurance for death/CI/TPD on top of a whole life insurance that covers it as well?

I have been reading about insurance for the past few weeks. Besides buy term invest the rest, what are the benefits of owning both a term and whole life policy?

Life Insurance for a Newborn Baby - Does it make sense to buy them? There are so many mother to baby products that advisors recommend but I learnt that whole life for baby is a rip-off.

Related Posts

Hi there, I would like to check, am I better off buying Term Life Insurance instead of buying Whole Life Insurance? It is so expensive to pay for Whole Life Insurance. Any suggestions?

If we do have whole life insurance now, should we cancel and buy term insurance to save premium costs?

Is it possible to buy and claim term insurance for death/CI/TPD on top of a whole life insurance that covers it as well?

I have been reading about insurance for the past few weeks. Besides buy term invest the rest, what are the benefits of owning both a term and whole life policy?

Life Insurance for a Newborn Baby - Does it make sense to buy them? There are so many mother to baby products that advisors recommend but I learnt that whole life for baby is a rip-off.

Advertisement