24 Jul 2020
Is it worth to take up a whole life insurance (with early CI) when i am at 40 years old now? Most policies will need me to contribute until 60 years. What other options to cover my critical illness (including early detection)? Thanks.
Thanks for your replies and contributions.
I have been thinking about the buying term for CI and then save-invest (self insured) for the remaining years.
Insurance is all about "what ifs" and taking care of the dependents. The ultimate objective for me is not to burden my son in 20+ years later.
Financially, i am ok for now. No car, no maid, HDB, 1 kid.
@Jonny / Hariz: I'm very new to this forum; i dont even know where's the option for PM. How about you drop me a message? I'm always open to hear more views.
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Can i suggest another alternative? Buy term if you have limited budget. Par fund returns are not guarenteed and why not buy plain-old vanilla when you may not have the expertise in understanding the different product type and stuffs.
There are many standalone Multipay CI/Early CI plan in the market now. You may PM me or drop me an mail. I would be glad to assist in-regardless of your budget.
with only an odd 20 years upon reaching 65, between getting coverage and term insurance, I would str...
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