Advertisement

Anonymous

Edited 3d 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?

3

Discussion (3)

What are your thoughts?

Learn how to style your text

Calvin Yong

2d 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.

Reply

Save

Debbie

3d ago

$1.7k/year for ECI $150k + CI $150k with multipay up to 500% doesn't sound unreasonable, but whether it's worth it really depends on your age, coverage term, insurer, and budget.

Personally I'd compare it against a few similar multipay plans before deciding since premiums can vary quite a bit for similar benefits.

Reply

Save

View 1 replies

Write your thoughts

Related Posts

For those with multiple life / term plans with ECI / CI riders, when CI occurs, would you be claiming from all plans or term plan first then life plan later on just in case in future got recurring CI?

Hi Seedly Community! I would like to find out if AXA term protector or Aviva MultiPay CI plan policy is better? Both are term plans up to 75 years old. Up to the layer 2 of Aviva Multipay, both also?

My insurance agent keeps telling me term is more expensive then whole life in the short term. Paying about 2.6k a year for whole life with ci and eci. Is is true that term is more expensive?

I'm considering Aviva's MyProtector - Term Plan II. Is it better to get it with (i) CI (multi-pay) riders; or (ii) a standalone CI policy (My MultiPay Critical Illness Plan III)?

Thinking of getting some CI coverage. Should I consider a term plan with CI multipay rider?

Related Posts

For those with multiple life / term plans with ECI / CI riders, when CI occurs, would you be claiming from all plans or term plan first then life plan later on just in case in future got recurring CI?

Hi Seedly Community! I would like to find out if AXA term protector or Aviva MultiPay CI plan policy is better? Both are term plans up to 75 years old. Up to the layer 2 of Aviva Multipay, both also?

My insurance agent keeps telling me term is more expensive then whole life in the short term. Paying about 2.6k a year for whole life with ci and eci. Is is true that term is more expensive?

I'm considering Aviva's MyProtector - Term Plan II. Is it better to get it with (i) CI (multi-pay) riders; or (ii) a standalone CI policy (My MultiPay Critical Illness Plan III)?

Thinking of getting some CI coverage. Should I consider a term plan with CI multipay rider?

Advertisement