Term life or whole life? I am looking at ECI 100k, CI 200k coverage. I have no dependents, don't plan to have kids. My investment strategy is CPF SA and index funds.

You don't have dependents but when you pass on, does your family members need to take money out to settle your burial, funeral, assets, etc. If yes, then you should think about leaving some coverage for them to spend on you.

Dependents also include aging parents and spouse.

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in my opinion it's best to treat insurance and investment separately. Insurance is to give you, most of the time income protection. ECI/CI Term plan does not has cash value it has no return. Instead, it gives you income protection In the unfortunate event of eci/ci.

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whole life has a some cash value if hold till maturity And no claim.

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