facebookWhat’s the difference if I get a term insurance plan like AXA Term Protector covering death TPD and CI 3 in one and getting AXA Term Protector death and TPD while getting a stand-alone CI? - Seedly

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Anonymous

28 Jul 2020

Insurance

What’s the difference if I get a term insurance plan like AXA Term Protector covering death TPD and CI 3 in one and getting AXA Term Protector death and TPD while getting a stand-alone CI?

Discussion (1)

What are your thoughts?

Hariz Arthur Maloy

Hariz Arthur Maloy

28 Jul 2020

Independent Financial Advisor at Promiseland Independent

Hi Anon,

Most CI riders on a term policy are accelerated riders. That means they reduce the death benefit upon a CI claim.

Getting a standalone CI plan allows you to claim it and not affect your existing death benefit term plan.

However this usually means a higher overall premium as well.

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