What's the product name?
Your age?

Traditional Whole Life Participating or Investment Linked?

Then it should be Supreme Livin' Care Plus.

For a traditional whole life participating plan, it is not overpaid.

if not mistaken, this is the only plan I heard in the market that you are given an option to buy another life insurance AFTER you have made full claims on critical illness.

Dreamer, it seems you are not educating anyone at all. What you're doing is actually what you are accusing us of doing, black-seeding your opinions into other people's heads.

When a person educates another person, the teacher does not give ultimatum decisions. Here you're telling people "DO or else you're doomed". That is not educating anyone at all. Educating means "Have you thought about doing it this way? because -reasons as follows" or "How about looking at it in this perspective ? because - reasons as follows"

Secondly your 10 year buffer rule looks good on paper. Ideally it is nice to have a 10 year buffer, but in a realistic world, that is difficult to attain. I agree with you, on this statement:

If John Doe rakes in 50k per annum, it is absurd to set aside 17k for insurance. This is an unrealistic figure. The amount set aside is based on the customer by asking, "Mr John Doe, in the event you aren't around, how many year's salary would you like your family to have to assist them in moving on?"

Moving on, if a tycoon has 10 million in assets, paying 200k premium per year is peanuts to him. Why so I say that?
Firstly, chances are his lifestyle and his family lifestyle are above the mean of our society. Two He probably makes way above 200k per year. Like I said, it goes back to the customer by asking that very same question. If they buyer sees the value in it, price will not matter.

Some people see value in Iphone and are willing to pay 3k for it. Do you slam them and say "You're overpaying for a phone?" I highly doubt so. Therefore why is this different? You may not share similar value nor importance for insurance, and I respect your decision Dreamer.

I cannot stand here and condemn you on your opinion, but please - don't black seed that opinion into other people's head. Other people might have different value system than you do. You're free to educate - but telling them "Noooo, don't need. Wasting money. Don't, it's lousy" - these are black seeding. You can tell them opinions backed up with logical and sound reasoning, but leave the deciding factor to themselves.

And lastly, seeing your track record of debate with me, it appeared that time you were misinformed, to which you still haven't gotten back to me regarding Malaysia's distribution law and law regarding a person's demise -  YET so confident you were telling people that Single people don't need life insurance if they live with their parents and have no dependents
Did you realize what damage you could have done if someone actually believe those words? How some poor parents would have their child's assets all frozen unable to use? How they might not even have enough money to conduct burial ceremony properly even in their grief?