Anonymous
I'm making decision for ECI plans. I am trying to weigh between Aviva MMPCI $780/mth till 75 and a whole life paying 25 years around $1.7-1.8k/mth from several insurers. Should I BTIR or just buy a whole life plan?
Been reading many articles/answers here but still a dilemma. And I need to really spot a investment that will make BTIR works, versus the cash value for whole life. Is multipay more ex than single pay?
- 32YO, Non-smoker, no dependant, currently 50K CI covered
- only liability to foresee is buying resale HDB in 3 years time
- with no dependant (no kids), TPD/Death benefit not so relevant right?
- Looking at 150k Coverage: Aviva MMCI $50K (3x Multiplier to make 150k CI coverage), whole life 150k
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BTIR rarely works. Limited whole life BTIR IRR begets you 5% in the long term.
Do your numbers and decide if you want automation or DIY.
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Duane Cheng
18 Jul 2020
Financial Consultant at Prudential Assurance Company Singapore
Hi there,
It is a very common question when deciding what kind of coverage you would want to procee...
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Hi anon, do you mean $780/year for your aviva multipay coverage of $50k based sum assured with 300% for late stage critical illness? Because $780/month for that coverage seems abit too costly?