Posted on 16 Oct 2018
Just recalled that I once came across a comment for one of my articles that we are able to get a LIMITED-PAY term insurance.
Hearing limited-pay term insurance had definitely piqued my interest, especially since now I have just started working and would like to protect myself more! Please share more with me, thanks!!
AXA Term Protector is the only one.
You can pay throughout or pay for 15 or 20 years.
Hariz Arthur Maloy
17 Oct 2018
TM would be cheapest for 500k Term to 65 for Female Age 25 Non Smoker @ 325/month. Most term plans for the above scenario would cost between 13k to 15k over 40 years. So if you squeeze it within 20 years, expect to pay 700+/mth. If cashflow is not a problem, then paying it off quickly would mean less headache on how to pay premiums in your late 50s and 60s because employment is not a guarantee. But cash is king and TVM would tell you that stretching your payments would make more sense for you.
most term life insurance are paid yearly for the term that you choose. It still provide...
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