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 Traditional Insurance vs New Insurance, Life Insurance

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mcfeemo
post Aug 13 2013, 09:55 AM

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From: Cyberjaya/Sri Hartamas
QUOTE(arthurlwf @ Aug 12 2013, 11:52 PM)
Have anybody terminate their old insurance which they bought 10+ years ago? And opt for the new insurance policy.

I realized the new policy covers more with less premium nowadays.
What do you think?

FYI: I'm noob in insurance  icon_rolleyes.gif  icon_rolleyes.gif
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Depend on the type of insurance... If endowment plan or saving plan.. Better don't... Because maybe u already half way from the maturity date.

If medical related policy.. Make sure you get urself covered first during the gap of the waiting period especially on CI.... I think the waiting period will be up to 90 days... So this will give u. Free of mind during the waiting period.
mcfeemo
post Aug 14 2013, 09:43 AM

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From: Cyberjaya/Sri Hartamas
QUOTE(arthurlwf @ Aug 13 2013, 11:40 PM)
maturity date? this is a joke
I have been paying promptly for 10+ years and has check on the amount inside and it's very little only. Meaning I still need to continue to pay until I'm not around anymore. Which is why I'm considering to terminate the traditional insurance policy and get a better insurance policy.

Somehow, I have a feeling that loyalty are sucks when getting insurance and have to periodically review to change insurance policy or company.
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We need to know at what type of insurance did u purchased... Some policy will not give you high amount of cash value...
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