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

Insurance

Asked by Anonymous

Asked on 08 Feb 2019

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

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Luke Ho
Luke Ho, Money Maverick at Money Maverick
Level 6. Master
Answered on 11 Feb 2019

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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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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