Anonymous
Is my current insurance coverage enough?
Hi all, I am considering buying 2 of Aviva’s My Whole Life Plan II. Both plans will have the same amounts covered but the additional coverage stops at age 75 and the other till I’m 80. Basic at 50+100k, TPD 50+100k, ECI 25+50k for each of the plans.
I’m currently a 23F degree holder taking home $2600 after CPF. If together the 2 plans cost $240 would you think I’m paying too much? And am I sufficiently covered? I don’t have any loans and my monthly expenses are around $700. Thank you :)
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Shania Loh
15 Aug 2020
Seedly Student Ambassador 2020/21 at Seedly
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PolicyPal
28 Jul 2020
Official Account at PolicyPal
Your insurance needs change over time. Based on your profile, we can provide an instant overview of your coverage gaps and possible steps to fill the gaps.
Do check out our Life Stage function where you can get personalised analysis of any potential insurance protection gap in just 2 mins.
If you have any other questions, feel free to reach out to us at our Seedly Forum.
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Tan Li Xing
27 Jul 2020
Financial Consultant at Prudential Assurance Company (Singapore)
Hi Anon,
Just wondering if there is a reason you are looking to get 2 plans instead of 1? If you ar...
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Hello! You may need to rethink about what are your current and future financial goals now and whether your plans are still serving you well. If you are unsure, the best is to seek advice from a trusted financial advisor who has your best interest at heart. Remember to pay an amount that is within your budget and something that works for you and your income. Good luck!