QUOTE(veron208 @ Feb 24 2015, 09:56 AM)
You should opt for investment linked medical cards as the cost of insurance sure increased due to inflation and your age.
Investment linked cards will help to offset this cost
this is very very misleading. it doesn't offset anything.
the analogy here is more like, paying more NOW, so in future that "more" can used to cover. it's STILL customers money and nothing is 'offset'
QUOTE(GTA5 @ Feb 23 2015, 05:46 PM)
Currently am 27. I do have a life insurance, traditional type. Non-investment linked. It does cover 36 CI.
My issue: I plan to add a medical card for myself. Is it advisable?
What type would you all recommend? Stand alone or investment-linked medical card?
Would prefer GE since my life insurance is from GE.
so based on my understanding, your current policy doesn't cover medical? you can check with GE customer service if you can add a medical card, on top of your existing policy. if yes, take that, compare with some standalone plans out there, and see which is better in terms of benefit and price, adding on existing policy or buy standalone.
you can opt for medical card with investment-linked plan. HOWEVER, it would mean you fork out more money for ANOTHER life insurance policy. the investment-linked policy is the "life" portion, and the medical card works as a "rider".
hope this provides some clarification.
This post has been edited by adele123: Feb 24 2015, 12:43 PM