Johnny Nimrod Chan - Seedly
Seedly logo
Seedly logo
 
Johnny Nimrod Chan

Johnny Nimrod Chan's profile is not filled up yet.

Johnny Nimrod Chan

About

Johnny Nimrod Chan's profile is not filled up yet.

Credentials

Johnny Nimrod Chan's credentials are not filled up yet.

Johnny Nimrod Chan

  • Answers (3)
  • Questions (0)
  • Reviews (0)

Insurance

Is it worth to take up a whole life insurance (with early CI) when i am at 40 years old now? Most policies will need me to contribute until 60 years. What other options to cover my critical illness (including early detection)? Thanks.
Johnny Nimrod Chan
Johnny Nimrod Chan
Level 3. Wonderkid
Answered on 07 Aug 2018
Hi, Can i suggest another alternative? Buy term if you have limited budget. Par fund returns are not guarenteed and why not buy plain-old vanilla when you may not have the expertise in understanding the different product type and stuffs. There are many standalone Multipay CI/Early CI plan in the market now. You may PM me or drop me an mail. I would be glad to assist in-regardless of your budget. Johnny
ūüĎć 1

Coffee Meets Investing

I have been using insurance agent. He recommends ilp and medical critical insurance as insurance cover. Is that enough. Is it right?
Johnny Nimrod Chan
Johnny Nimrod Chan
Level 3. Wonderkid
Answered on 07 Aug 2018
Most People will need the following insurances. 1) Hospitalisation Plan 2) Personal Accident Plan 3) Long Term Care Plan 4) Early Stage Critical / Critical Illness Plan 5) Wholelife / Term Life Plan You do not have to buy all in 1 go or use 1 product for all purpose. Mix and match. Buy based on Sustainablity.
ūüĎć 1

Insurance

Would directly buying insurance from companies be ok or would buying from an agent be better? Is it harder to claim insurance if I buy directly from the company?
Johnny Nimrod Chan
Johnny Nimrod Chan
Level 3. Wonderkid
Answered on 07 Aug 2018
Usually when you buy an insurance product directly from an Insurer, you will still be assigned an Agent from the insurer. (Unless this is a DP policy) There will not be an price differences when you buy directly inbranch or via agent. However i strongly encourage you to think about the following things 1) Personal product knowledge Would you be adequate enough in knowledge to buy the product or an industry expert who have good statistic and information to assist you. Of course the reliablity of the expert should be one of the top concern. 2) Convenient of search Imagine you want to spread the risk and put all your insurance coverage in different companies as they might be better in different product catagory, would you want to run around and hunt yourself. An Agent who represent all companies might help alot in consolidating comparison for you 3) Claims Agent are paid via commission for every deals they make. But the true test of it comes from the claims assistance. A good agent will assist you in ensuring your financial well-being are covered in times you need and ensure claims are paid swifty.
ūüĎć 0
Level 3. Wonderkid
13PointsGoal 40
27 POINTS TO LEVEL UP
Browse Rewards