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All about PRUDENTIAL & insurance updates!, any insurance related issue are welcome
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zest168
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 Apr 19 2017, 03:13 PM
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Getting Started
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QUOTE(brandonkl @ Apr 9 2017, 11:10 AM) Out if curiosity, my friend has PruValue Med for RM1.5million linked with PruLink and he is paying around RM9k in yearly premium up to 80 years old. RM9k per year seems a lot. What is the yearly premium if not tied to PruLink? You can check the yearly insurance charge for the PruValue Med from the Annual Statement. The RM9000 annual premium is allocated into investment units based on certain percentage of allocation depending on the policy duration. Every month, the company will sell some of these units to pay for the insurance charges and fees. |
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zest168
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Apr 19 2017, 03:16 PM
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Getting Started
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QUOTE(sojurn @ Apr 19 2017, 09:26 AM) Hi All, I'm pretty noob about insurance so thought I'd ask here. Basically, I'm looking to get life insurance (still debating between whole life vs term) primarily as risk management. If term, I'm looking at a tenure or ~20-30 years. My insurance agent is trying to get me to buy ILP. I'm wondering if there is insurance w/o ILP and what the price different would be. Coverage on death / TPD, I'm looking at around 1 Mil but can consider higher depending on premiums. Basically, I'm looking to find out how much plans would be with no surrender / cash value. Term insurance should be cheaper for life cover of RM1mil compared to a whole life policy with cash value. Yes there are products in the market which are not ILP. |
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zest168
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May 8 2017, 03:59 PM
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Getting Started
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QUOTE(tonytyk @ May 3 2017, 11:19 AM) Wonder why not considering extending age limit as well? is PryValue Med able to be extended to age of 80 or 90? With medical advancement nowadays the life expectancy is improving year after year, at age 26 now, in another 44 years (almost half of a century) you will reach 70, by that time, maybe even Cancer can be cured. Therefore, while still healthy now, I would go for a plan that covers up to age 100. I have the original PMM100 covering up to age 70, and I bought another medical card elsewhere covering up to 100 years old  |
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