As a insurance agent, what insurance and how much coverage did you get for yourself?

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Luke Ho

11 Feb 2019

Founder and Director at CFX Money Maverick Pte Ltd

I got a whole life plan with 300k ECI and a term CI for 200k, which is just under the amount I make a year (you get 5 years CI).

I also have 1 mil in death coverage, which is excessive, but I want my people to have something in the event I have an unexpected death.

Basically practice what I preach to clients, at least. It would be bad to be hypocritical, no ?

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Hariz Arthur Maloy

09 Feb 2019

Independent Financial Advisor at Promiseland Independent

Private Hosp Plan with Rider (Bought before becoming an advisor)

500K Term to 99 - Death & TPD (Bought before becoming an advisor)

500K Term to 70 - Death & TPD

150K Term to 70 - Multi Pay CI

Will be topping up a WL with ECI and regularly purchasing annuities soon, and upgrading Careshield Life when it's out, to at least a 5k/mth payout with an easier to claim option.

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I'm curious how much insurance i shld get. I already have the basics like accident and hosp and life insurance. Is it necessary to get more coverage?

Is it better to get insurance through an agent or buy online? I currently have an AIA Accident & Hospitalisation Insurance but discovered that some insurance companies (FWD, Aviva,) offers almost the same coverage as the one I have?

Would you get insurance coverage with (1) tied agent representing a direct insurer or (2) financial advisor from an 'independent' financial advisory firm or (3) insurance specialist at a bank?

Is it better to get CI from 1 insurer or different insurers? My Pru agent has suggested me to increase my CI coverage with PruTriple, but based on the research, it doesn't seem to be recommended?

I have life insurance 101k. Pay off Oct 2031. Surrender $9481.50. I don't have coverage of: 1)10-15 years worth of annual salary for Death and TPD. 2) 3-5 years of annual salary for income protections due to CI. Should I get Terms insc ? how much?

I'm curious how much insurance i shld get. I already have the basics like accident and hosp and life insurance. Is it necessary to get more coverage?

Would you get insurance coverage with (1) tied agent representing a direct insurer or (2) financial advisor from an 'independent' financial advisory firm or (3) insurance specialist at a bank?

Is it better to get CI from 1 insurer or different insurers? My Pru agent has suggested me to increase my CI coverage with PruTriple, but based on the research, it doesn't seem to be recommended?