Term critical illness

When it comes to buying a term plan, there are 3 things you have to know:

1) The CI coverage must have a sufficient sum assured in order to ensure you're taken care of during your recovery or treatment.

2) Term plan must be enough to ensure your death, total permanent disabilities, terminal illness are covered as well when your CI coverage part has been payout.

3) The term plan must be able to cover you for a long period, this is to ensure that you are able to benefit from the term plan itself. Of course, there is no point buying till 100 yrs old, you'll pay more. The right age allows you to beat against the odds and allow you and your family to benefit from it.

If you would like to discuss it in detail, I would love to connect with you!
https://www.instagram.com/thefinancialrab/

The primary purpose of a critical illness plan should be to provide for loss of income, with a secondary purpose to pay for treatment, though a big part of the treatment may already be covered by a good hospitalization plan (if you have one). For loss of income, the coverage to age 65 or 70 should generally be enough for most people, since they would be hopefully financially independent by then, their children grown up and mortgage fully paid. While covering to an older age sounds good, you will notice that the premium is significantly, higher, so the question to ask is whether it's worth it, and whether you can afford it, especially when you are much older.