Anonymous
I have a life insurance policy purchased by my father when I was a little kid. Now I am paying $339 yearly for a 40k coverage. is this sufficient enough? Or should I cancel this policy and get a new one?
My father can't seem to find the agent that was handling this policy for him. Need some advice on what should I do with this policy now...I am a fresh graduate.
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Jay Liu
19 Sep 2018
Accounting and Finance at ACCA
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Brandan Chen
18 Sep 2018
Financial Planner at Manulife Singapore
Before you decide to cancel, please do find out more information regarding the policy.
1) Name of policy
2) Insurer
3) Total Premiums Paid
4) Coverage (Death, Disability, Critical Illness)
5) Current Cash Value (If applicable)
6) Projections
The above can be obtained through a call with the insurer's customer service.
Next, you need to make sure u have a health insurance for starters to cover your basic hospitalisation.
Subsequently, to address other priorities such as critical illness, Disability, Personal Accident.
Feel free to reach out to me via Facebook at
https://www.facebook.com/brandan.chen
and I would be happy to answer any queries you have
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As long as you know the company (which you must to be paying), you can contact them for the policy d...
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I have too and I questioned whether is it worth paying for the premiums. Asked around and research and decided to just keep it. Since the older policies coverage is not so specific.