Recommendation to get term insurance for 60yo? Would like to help check for insurances coverage as well; said person have personal accident + hospitalization rider only, which would be a good policy to go with these?

When it comes to price, I'd strongly recommend you go direct to the insurer. I shopped around quite a lot when looking for my own coverage and realised that FWD and Singlife offer really competitive rates.

I did a quick check for you using these details - Male, 60 years old, non-smoker, coverage $400k, coverage term 10 years till 70 years old.

FWD - Monthly premium $191.40

Singlife - Monthly premium $284.60

You might want to provide more information like your desired coverage amount, coverage term as these contribute greatly to the calculation of your premiums.

That being said, any reason why you decide to get term life insurance at 60 years old?

Hi Charmaine,

What coverage are you looking at for term? Also how long? Just to highlight that at the age of entry, it might be pricey, and I'm not sure if the budget of 250/ mth can be attained if you are looking to cover for 20 years, and covers Death, Total Permanent Disability & Critical Illness.

At that age, I won't factor in Early Critical Illness, cause just adding in that component, will definitely bring it above 250/ mth. Do reach out if you have further queries.

I think the IFAs should be able to advise you better cause they can look at a range of Insurers. For Prudential.. I'm not confident in being able to meet that budget.

Else you can actually go to https://www.moneyowl.com.sg/guideme and see what can be offered to you and also coverage within your budget is attainable