Is AIA GPP good?

Firstly, one of the most important things to do is to have a complete understanding of your existing insurance portfolio. Through this process, it allows us to understand the coverage that we have, any financial gap, as well as to find out whether we are overpaying for our insurance policies. I have highlighted the rest of the reasons here: https://www.blog.pzl.sg/why-every-client-needs-...

Once we have a clear understanding on your existing portfolio, we will understand and craft out goals for your future. Accordingly, we will evaluate whether you should be getting a traditional whole life insurance policy over the other available options.

Furthermore, if you have sufficient life coverage for the long term and your needs is to acquire coverage for early critical illness, then AIA GPP may not be the best option. Instead, you should look into plans that provide the most comprehensive coverage for early critical illness. Consequently, it ensures that your money is spent on coverage that you need, rather than a package that you do not need.

Furthermore, a question associated with such life insurance option is, "what happens after age 65? Are you comfortable with the significant dip in coverage?"

All things considered, if you are looking for a participating whole life insurance policy, then you should have a detailed understanding on the policy and its track record. This is because part of your money is paid into the insurance company's participating fund. With this in mind, you will want to ensure proper track record to the fund, as well as the expense that you are paying for your policy's cash value.

What is Participating Fund: https://www.blog.pzl.sg/what-is-a-participating...

At the end of the day, I will suggest for you to plan with the end in mind. Take some time to understand your existing portfolio and your goals for the long term. This helps you to get the right coverage for the long-term.

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Hi Anon,

Good to know that you are looking into whole life coverage. Just out of curiousity, have you considered looking at other insurer's possible policies as well? Also, would you like to have a longer multiplier coverage term of 80 yo instead of just 65 as the average mortality age in Singapore is 85-86 yo, and also instead of 2x, up to 5x?

Also in regards to the policy, do you have any intention to surrender the policy in future? As for whole life policies, usually the breakeven point of the policy is usually pretty long and we don't encourage clients to surrender cause that would mean the coverage is gone. ​​​