When I was 21, i signed up for a CI plan 100k coverage. 7 years later, my agent asks me to increase coverage. Does it mean i have to forgo the 7 years of premium i have paid as it is a life plan?

You can consider to purchase a new life plan. As there are new products in the market for you to consider. But decide how much coverage you need first!

Not necessary. Here is what I will suggest for you to do:

Insurance Portfolio Summary

Firstly, one of the most important things to do is to have a complete understanding of your existing insurance portfolio. Through this process, it allows us to understand the coverage that we have, any financial gap, as well as to find out whether we are overpaying for our insurance policies.

Key Reasons Why:

Why Every Client needs an Insurance Policy Summary

When you know that you have the right policy (that you signed up 7 years ago), you just need to touch up in the later years when the needs arise. This is like building a castle where we start by laying the foundation. When the resources become available, we will continue to stack the bricks up over time.

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