Outline ·
[ Standard ] ·
Linear+
Insurance Talk V2, Anything and everything about insurance
|
huiewy
|
 Aug 18 2015, 10:08 PM
|
New Member
|
Hi All.. I need help..
My parents bought me AIA insurance in year 1994. It's called VisionLife Plan. I guess it is some kind of life insurance which included some cash value, death, TPD and critical illness (as per written in supplementary contract). My parents bought this because their friends recommended, but they actually have no ideas what have they bought. Just keep paying annually whatever stated in insurance letter.
I'm newbie in insurance knowledge. Would like to understand more on this insurance contract. Would like to find someone can seriously help to interpret the contract personally. Any pro can help? Is it a good idea if drop by insurance branch office to ask?
This post has been edited by huiewy: Aug 18 2015, 10:20 PM
|
|
|
|
|
|
huiewy
|
Aug 19 2015, 09:20 PM
|
New Member
|
QUOTE(sniperz @ Aug 19 2015, 12:54 AM) I'm one of their new agents. I knew of this VisionLife product. It's best you go to their branch office and ask about how to use the dividends benefit (only for old policies) without paying annually as you said. You need the signature of your parents in order to transfer into dividend payments thus you don't have to pay as it reached maturity state. Just ask for the specific form to signup with! That's what I have absorbed from working here and to share with you. Hope it helps! QUOTE(adele123 @ Aug 19 2015, 08:57 AM) General rule of thumb is usually the return is best when one pays the premium every year, until you no longer have to pay, as determined your insurance plan. so, i usually discourage using cash dividend/bonus to pay off the premium, unless one really has problem paying for it. you can go to branch office, and ask what is the policy all about. but even customer service personnel was still in school when the plan was launched then. they will try their best to answer you, else you need to get someone financial savvy to explain the t&c to you.   Disclaimer: this is ignoring opportunity cost, whereby you have better places for your money to grow. Hi Guys, thanks for the advice. Yea, one of the reason I didn't go to branch office is afraid the personnel is too young to explain. I guest I will go to branch office to ask around. Thanks all! |
|
|
|
|
Quote
0.0610sec
0.42
7 queries
GZIP Disabled