Whole Life Insurance
Early Critical Illness (ECI)
Asked on 03 Jul 2020
30Y, Male, non smoker
This does depend on a few factors such as your basic sum assured, multiplier amount and payment duration.
However, concurring with Hariz, in general Aviva, China Taiping and lastly Manulife would provide the most value for money cover for your profile. In addition to what was mentioned by him, Aviva and China Taiping also provide lifetime TPD coverage as opposed to Manulife where the TPD cover stops at age 70. These two companies are thus always at the top of my recommendations to a majority of clients looking for a limited payment whole life plan.
When you think of investing, life insurance products are inferior investment options.
they are complex and hard to understand.
there are better options to longterm investing (which is something the insurance companies do with the money invested into life insurances by the retail investor ...)
After countless comparisons, I have to say my top 3 are Aviva, China Taiping, and Manulife.
Aviva is the only insurer that pays all 3 components of the base cover, additional cover and cash value throughout the policy while other insurers pay base + higher of additional cover or cash value.
This alone puts it at the top of my list each time.
Next would be China Taiping due to premium and CI conditions covered. Comprehensive with many additional misc CIs added.
Manulife nothing too special but comes at a respectable 3rd place in most of comparisons.
I've attached a sample comparison for a 25yr old male non smoker, for 100k X 3 covering Death/TPD/CI with half ECI just as a gauge of what you can expect. This isn't made for your profile nor the coverage would be exactly what you're looking for.
If you'd like take a closer look with the numbers, feel free to reach out.
P.S ignore Etiqa in the table as it doesn't have ECI. Only advanced stage.
1 more comments
05 Jul 2020
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