Is Manulife or GE better for CI insurance?

I would try not to mix too much ILPs (unless your funds are in US/other states which open up to estate duty tax but...)

I would ask the advisor to do an apple to apple comparison. Like how you do comparions for 3 quotes in a company. Run your finance like a business. Then you will see how to make better decisions. Without comparison and information, what can we base our decisions on?

There are fees to be paid. Is it fair and value to you? What is the nett return after fees if i can choose another way (alternative) to do it?

Hi anon,

I don't recommend mixing insurance with investments. Mortality charges will escalate almost exponentially with age and probably cause the plan to lapse in your retirement years. All that premium paid, and if you end up with no coverage or any cash value to speak of, it would be an ineffective use of your money.

It looks like you have a concern about claiming multiple times. In this case, you will want to consider one of the many multi pay plans on the market, but their payout structures and mechanism of working will differ, so it will be best to sit down with an independent financial advisor to understand how they work, before you make a decision.

A multipay plan is a term plan requires you to pay for the duration of the whole plan, and at the end of the term, you will have no coverage left. This can be a good boost during your working years however.

A traditional whole life with CI plan will cover you for life, with limited payment term so that you can finish paying during your working years. Some WL plans will allow you to add a multi pay rider, but the rider will not cover whole of life. Once the multi pay rider ends, you will still retain basic coverage for life.

It will probably be best to have a balance by having a mixture of plans, working within a reasonable budget.