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Anonymous

Edited 24d ago

∙

Term ECI + CI Multipay

Hi, 30M and got quoted premium of 1.7k for a critical illness plan covering ECI 150k + CI 150k, multipay up to 500% of sum assured, till age 70.

Is this a reasonable cost-benefit ratio?

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Boredz

18d ago

Seems reasonable. myself similar age and after talking to my agent(lucky to have an honest one) told me to drop the mult pay becuase in his experience , not much people will live to claim 3X

end up getting $900/year for 200k CI+ECI

thinking of getting total of 300k but the cost jump is huge!

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Calvin Yong

22d ago

No its not reasonable based on "risk" for critical illness at that age, unless had poor lifestyle and childhood nutrient. This assuming person is working, so has company insurance. The CI cover is only until 70 years old, and think real high risk comes from 60-65 years and above.

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Debbie

24d ago

$1.7k/year for ECI $150k + CI $150k with multipay up to 500% doesn't sound unreasonable, but whether...

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