Hi, I was presented with a plan on GE SmartProtect Essential 2 with AL 120k and LL 960k. It's an ILP with RM1800. It is worth to switch from ING Mediplus 2 as recommended by the agent?

The info I have looks very promising as projected returns ranged from 2.6% to 8%. However, I am skeptical on the figures. Anyone on the same ship?

Me currently on ING Mediplus, R&B180, AL 110k, LL 300k for RM7XX premium with ING Living Cover 50k at RM5xx. Annually paying RM13XX.

New plan from GE gives 40k death benefits + additional sum assured plus total investment value. TPD 40k. AL120k and LL960k
Medical R&B180, In/Outpatient as charged with 10% co-insurance. Waiver benefit RM1800/yr. Annual premium RM1800.

What I have is non ILP but agent encourage me to commit to ILP as money not burnt all with waiver and cash value return after 20 years. Anyone familiar with GE ILP?

My mistake. Its R&B200.

Just got extra info,

GE ILP
R&B RM200
Death/TPD 40k
CI 40k
Annual premium RM1800

compared to current
ING Mediplus, R&B180, AL 110k, LL 300k for RM7XX premium

Agent showed me projected benefits after 20 years gives total premium paid = cash value
Wonder how true is that....Thinking RM1800 is too much for me.



This post has been edited by catsper: Nov 5 2011, 11:20 PM