GE stand alone also have the term "we cannot renew our policy if the plan is being withdraw from the market".

are all stand alone H&S have this term?

Axa affin does have it. I just checked my portfolio

most, if not all, will have this generic term in the policy contract. So long it is portfolio withdrawal and not based on individual's claim experience...

Prudential medical card does not have this term.

Pruhealth is attach to ILP. What amerz finding is standalone medical card not the one attach to ILP. As far I know, the term amerz mention is in most of the standalone medical card plan.

HLA standalone medical package, MedGlobal IV (MG4) does have the "term" u mentioned.

I believe PJusa is compiling a standalone H&S package database. If u can wait, wait for it.
Else PM her about the information she has collected.

Get the package while you are healthy.

This post has been edited by allenultra: Sep 2 2009, 11:56 PM

Don't you guys worry the worst case scenario that can happen to us? if the plan is being withdraw.

am I overreacting

allenultra,

thanks, yup I know Pjusa making a H&S database. I can wait, there's no rush for me.
Just that I notice this the only downside of standalone H&S.

numbertwo,

basically, that's mean if the insurer not making profit out of this plan. they'll withdraw it from the market rite.

This post has been edited by amerz: Sep 3 2009, 05:25 AM

That's correct... I suppose they need to protect their business too...It makes perfect sense to me although I dislike this term too. So, for standalone plan, you should be concentrating on nailing down plans that DO NOT has this term instead.. Which means they could withdraw the continuation of your coverage purely on you, as an individual basis...

My insurance agent is trying push a savings product to me, saying its giving great returns, the duration is for 15 years and above, well I asked him to give me a quote, but what I do not understand is the terms used, before I ask the agent for more clarifications, I would like to get some opinions and comments from you guys..

What is the meanings of SB/Basic SV+SB, Basic DB, Rider DB?

For 15 years I need to pay RM100 each month and the returns are as per belows, is it worth it?




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Zack Styler, pay for 15 years and at year 20, the amount is slightly double the amount u saved. To me, isn't a good deal.

I saw other plan, pay 6 years will double at year 20 (35 yrs term). Another plan, pay for 10 years and will double at year 20 (till age 88)

Mind to tell me what plans are that?

pay 10 years plan and get it until age 87 years old. we also have. Great Eastern also has this plan. The plan is saving plan with whole life policy.Pay for 10 years. Get cash return 11 years onwards until age 87 years old. Guarantee income for 11 years onwards until age 87.The plan help you to create the account and save for you. If not mistaken, Zack Styler . The quotation you show is a great eastern plan, great multicash. This is an endowment policy for term of 15 years. S/B is survival benefit. Cash that you will getting every 2 years. Basic SV+SB is basic surrender value and survival benefit.Basic DB is basic death benefit. Rider D/B is rider death benefit.

I am attracted to the S/B actually, but regarding the calculations, I really have no idea, mine to explain?

This post has been edited by Zack Styler: Sep 16 2009, 09:36 PM

S/B meaning you getting cash on 2nd years onwards . Every 2 years get some sort of cash value/return until it mature

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Added on September 16, 2009, 9:42 pmIf you wish to know more, I dun mind meeting up with you and explain this to you. If you are interested with the 10 years plan and get cash until 11 years onwards, I dun mind share it with you

This post has been edited by leecy: Sep 16 2009, 09:42 PM

Any other plans that offer S/B for a certain years onwards?

Before we get a saving product from insurance company... first we must think is whether our life & medical protection is enough or not.

If our saving (in Insurance Company before mature) > Life or Medical protection... where to get money if need it to pay for medical fees?

This post has been edited by baba-ali: Sep 16 2009, 11:25 PM

HLA Cash Builder.
Offer cash out from the end of year 1, till policy maturity, which is at year 35

Almost all insurance company offering this kind of product.
Before you sign any of this plan, make sure you:
- already have enough protection(medical/life/...)
- understand the guaranteed and non-guaranteed part in this kind of plan
- aware that your money will be lock down for years
- If you surrender within first few years, you might not get back the amount that you have "save".

yup, all insurance companies have this kind of plan. GE GJA has S/B after 10 years payment. Get it from year 11 until age 87.
Agree. Please make sure you protect yourself medically, life, disability,critical illness and PA before start getting a saving plan.
Protection is necessary and crucial before start invest/saving to get multiple benefits.

Yeap, I am now looking for plan almost like HLA Cash Builder, but probably better returns..Still surveying..