My mom is turning 55 this year looking to purchase direct term insurance with a critical illness rider. Which insurer should I go with?

Hi Anon,

If you are looking at this, you could consider looking at MoneyOwl or PolicyPal, as they provide you with comparisons and also there is still a human touch in terms of the advice.

Hi anon,

For direct term insurance, you can compare the options on https://www.comparefirst.sg/

Due to the fact that direct term insurance is pretty much standardized, you can just choose a cost-efficient insurer and apply. They are single payout plans however, which means that if a claim is made, the plan terminates.

As you have stated that you are looking for a term plan, and she is 55 years old, your only options via diret term will be a term for another 5 years, or till age 65. You won't be able to extend it beyond that age. Do consider if a critical illness payout would help relief financial burden if something happens in retirement, in which case you might want to look at other options.