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To what kind of people would you recommend whole life insurance?

Discussion (4)

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Eric Chia

16 Aug 2018

Senior Financial Consultant at Prudential

Can i assume that you're referring whole life insurance as opposed to term insurance?

Whole life insurance i would recommend to everyone except those who need 1) extremely high coverage, or 2) prefers to have no commitments (pay as you cover) towards insurance.

Whole life & term insurance not only replaces income but also provide for care giving costs during times of catastrophes so is something everyone should have!

Tan Siak Lim

16 Aug 2018

CFP. Director, Financial Advisory Group at Financial Alliance

Whole life is for the purpose of having a life long critical illness cover.

If you want life cover for dependent protection, term policy is the most efficient. Buy term and invest the rest.

Hariz Arthur Maloy

15 Aug 2018

Independent Financial Advisor at Promiseland Independent

To someone who has a family depending on their income. I will always recommend some of your cover be...

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