Nov 18 2015, 03:07 PM
QUOTE(MeToo @ Nov 17 2015, 10:18 AM)
First, would liek to thank you for your feedback.
You are right in saying the premium raises with age, and you are also right that allianz does have some investment linked crap which I dont want. But at the end of the day, I'm looking at a 25 yrs coverage (enuf for the little ones to graduate and kick them out of the house) and around 500~750k assured sum (yes this is not nearly enuf but its incase I croak, i have other plans in place for their education blah blah).
So for a comparison of 25 yrs term coverage @ 500k, I'm getting a monthly of 250/350 from Allianz and 420+ from Uforlife, hence at the end of the day for me as a buyer I'm only concern with the NETT premium I pay.
However, if you look at it from another angle... all things being equal, I do prefer to pay less NOW and pay MORE later as the cost will be more manageable taking into consideration my increase earning potential and inflation.
Don't think this is an apple-to-apple comparison as they are ILP and term plan, both targeting at different You are right in saying the premium raises with age, and you are also right that allianz does have some investment linked crap which I dont want. But at the end of the day, I'm looking at a 25 yrs coverage (enuf for the little ones to graduate and kick them out of the house) and around 500~750k assured sum (yes this is not nearly enuf but its incase I croak, i have other plans in place for their education blah blah).
So for a comparison of 25 yrs term coverage @ 500k, I'm getting a monthly of 250/350 from Allianz and 420+ from Uforlife, hence at the end of the day for me as a buyer I'm only concern with the NETT premium I pay.
However, if you look at it from another angle... all things being equal, I do prefer to pay less NOW and pay MORE later as the cost will be more manageable taking into consideration my increase earning potential and inflation.
customer segment.
When you compare with Allianz ILP, of coz the premium you need to pay is cheaper compare
to that of Uforlife. But you need to realize that ILP is Not Guaranteed though you pay the premium
on time (the policy fund value might not be able to sustain as you grow older and you need to top up the
premium amount). Do bear in mind that the fund value amount illustrated is not guaranteed too and highly depending on the actual fund performance in the market.
For term plan offered by UforLife, it is Guaranteed Renewable until the coverage ends.
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