I have ECI ($70k) and CI ($100k) until age 75 (term plans). Is this sufficient? Any recommendations if I should increase the sum assured?

Hi I'm 22 this year and my ECI is $100k (Aviva Multipay up to $300k), another $300k for CI.

I believed its alot cheaper to get CI when you are younger and lock in the premium cost.

However, I only took for 30 years till age 51. Mainly due to the cost factor. Premiums will increase exponentially after age 50+ due to the increased risk.

But most likely I'll be reviewing and taking new policies when I'm slightly older with more stable finances to take up longer coverage.

Concur with Elijah (we say the same thing pretty much all the time haha).

I use a 5 X Annual Income formula and also encourage CI cover to be held for life.

So currently you have 170k but require 350k. I would add a 90k X 2 limited pay whole of life plan with multiplier to cover this gap. Also preferably if its all ECI, then you'd have 250k in ECI cover and 100k in advanced CI.