Anonymous
My Profile:
-21, non-smoker
-1 more year till ORD (starting to look for plans early due to possibility of lower premiums)
-Still deciding whether to continue education (will have to take a study loan) or job-hunt (will assume ~$2k+ income in the short term)
-No dependents for now
-Have an emergency fund and already covered for hospitalization insurance for medical coverage
-Looking for Death + CI + Disability
-Prefer personal policy and extensive coverage
3
Discussion (3)
Learn how to style your text
Loh Tat Tian
13 Nov 2018
Founder at PolicyWoke (We Buy Insurance Policies)
Reply
Save
Alvin Teo
30 Oct 2018
Aviva Relationship Consultant at Aviva Affinity Channel
Get the SAF Mindef term insurance first until you’re 1 year into your work life. CI hosp costs are being covered already In the hosp, maybe disability portion get a rider on your IP shield plan if that’s the hosp plan you are on.
Reply
Save
Luke Ho
28 Oct 2018
Founder and Director at CFX Money Maverick Pte Ltd
Get a Term plan that gives you an option to purchase more in the future without medical underwriting...
Read 1 other comments with a Seedly account
You will also enjoy exclusive benefits and get access to members only features.
Sign up or login with an email here
Write your thoughts
Related Articles
Related Posts
Related Posts
At your age, a Term Plan to Age 65 will be very cheap (premiums less than $700 yearly) for a $1million coverage policy. You benefit from
1) Large Sum assured insurance discount (of 10-15%)
2) Low age of entry for Term Insurance. (cheaper again)
3) For CI, it will be more prudent to get about $100,000 tagged to a whole life plan. But due to budget constraints, you may just wish to tag to the term policy.
4) Future HPS (if you bought BTO) can be pledged with this term insurance
5) TPD coverage is significant enough.
6) Reducing sum assured later is easier and cheaper.