"Suicidal Guy"

I wonder which agent wanna kena

after got your policy, do countdown 365 days baru kill yourself yo

innocent lives will be sacrificed

roy, got a question

i got a friend when he buy insurans declared non-smoker

then later he start smoking, heavy some more

if later he claim for sickness related to smoking...how?

and how about claim for things unrelated to smoking...e.g. death by accident, natural causes, etc?

thanks in advance

but he started smoking years after he bought the policy wor

so in cases of claim, the co will adjust the payout, or totally refuse to pay?

Why, find that the premium burdensome?

if that is what u intend to do, u can consider ILPs

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Added on June 27, 2012, 11:08 amAgree

This post has been edited by Pink Spider: Jun 27 2012, 11:08 AM

Well said by Roy Steven,

Which makes me think, (touch wood) if anything happens to me, my only dependent is my dad, and my EPF and investments would be more than enough to last him til he (touch wood) masuk container. Currently my ILP only cover

Life/TPD RM150K
Income on TPD RM12K p.a. i.e. RM1K a month
Premium waiver on TPD/CI, premium RM220/mth

I have a separate life/endowment which covers CI for RM60K, similar to GE's Living Assured (I forgot the name exactly) which the SA increases every year

Do you think I should reduce life cover, and ride on a medicard?

Pls advise

P.S. my plan is GE Addvantage Plus

This post has been edited by Pink Spider: Mar 9 2013, 08:47 PM

Downgrading just need to sign off a form.

Ooh I just remember the name, Great Living Care. GE no longer offer this plan, right? Back then it's one of GE's bestsellers. My plan is quite similar to GLC, only difference being pay-til-55, cover-til-85. That's the reason why I bought it. I wouldn't want to be still paying insurance premiums after I retire from active working. If I don't remember wrongly, based on the "conservative" cash value projection, IRR for this endowment is only around 2%.

Last time I contacted my agent to include medicard into my ILP, but he was adamant that I topup my premium (currently RM220/mth) to at least RM300.

Perhaps I should reduce my life cover to RM100K from RM150K, keep the premium at RM220? Do u think my cash value would be sufficient to pay for the insurance charges? FYI, I plan to terminate my ILP around age 45-50 when the charges should shoot up dramatically.

Current:
Life/TPD RM150K
Great Income Rider RM120K
Premium Waiver on TPD/CI

Thanks

This post has been edited by Pink Spider: Mar 10 2013, 02:17 PM

Maybe reduce Life/TPD to a nominal amount (well, insurance is to cover, right? Upon retirement, what is there to cover? ), just keep the ILP for the medikad. Thanks, I have an idea now.

Yes.

Now, last questions...

1. For a 30 yr old, reducing Life/TPD from RM150K to RM100K, is the reduction in insurance charges significant?

2. My agent kept pushing me to take SmartMedic 200 with SmartMedic Enhancer, but after looking thru the brochure, I felt than SM Enhancer is a bit "lebih", it's looks more like a "luxury" than a "need" to me.

"Not good" in what sense? Can elaborate?

Eh sorry I mistook u for GE agent

Minta ampun

u78 is premium waiver, means if u cacat or kena critical illness n loss of working capability, the insurans company will "pay" ur premium for u.

as for u81, if u kena tpd ie cacat, u get monthly income.rm15000 x 10% every year

its an investment linked plan, u can amend it anytime by increasing ur sum assured. of cos, kena increase ur premium lo

This post has been edited by Pink Spider: Mar 10 2013, 09:20 PM

joseph, can advise me on my issue? 30 yr old, reduce 150k to 100k, premium 220, can include smartmedic 150 without cash value problem?

AddVantage Plus

I dun mind getting lower surrender Value, just jangan sampai plan kena terminate due to tak cukup cash value

AddVantage Plus is an ILP lar, I know my policies. Aiyoyo Roy Steven, ini macam pun mau gaduh dengan GE