One year and three months. Why do you ask that? 

i am confuse,
so my life insurance will go my my estate or my wife estate ?
since i nominated my wife but she also pass away the same time

if it go my estate then is ok but if it go my wife estate then my mother cannot claim on her estate, my parent inlaw will get it rite ?

if i am correct due to i purchase this policy when i marry wife, the policy become a trust, i cannot revoke her without her consent 

I'd like to point out that insurance proceeds are creditor proof. In the scenarios where both parents are not around, yes the proceeds will be frozen and given according to the distribution act, but should i remember correctly, at least for the insurance 'estate', it is creditor proof.

This is why insurance is a great tool to quickly settle debts, funeral fees, lawyer fees, stamp duties and other things that pop up upon a person's demise.

Dying is expensive!

Please show me which part I didn't answer truthfully... I never sell something to the person. What is the point I cheat him???

I never say that AIA's products are very good. I just tell the facts and figures. Some of the basic principles are applicable to other insurance companies' products, not only AIA. I can't judge for him. He should judge himself whether they are good or not.

If you find that the info I provide here is wrong and misleading because I want to increase my sales here, please sue me without hesitation... Thanks...

I am totally new to this so I hope some of you vets can shed some light into my distorted point of view.

I am planning to get an insurance and never had one before. A friend who works for Prudential full time approached me and drafted two options for me. One is called the PruLink and the other is the PruCash.

After drafting these 2 simplified diagrams for me, she asked me to sign up. Well, I would love to because I know for a fact that, for insurance, the earlier you buy, the better.

Problem here is, while persuading me to sign up, I have had no terms and conditions, projected growth table, list of covered illness and etc. I have a measly piece of A4 paper, drafted with pen and words spoken by mouth. I asked for a proposal and what I was told is that, there is no proposal until I sign up. So, here I start having doubts.

I've known her for a decade, and I trust her but this isnt supposed to be the way it works, is it? I mean, how could you ask someone to sign up for something for 30 years, paying something like RM150 - RM300 per month for 30 years and not given a proposal? Would that have worked if the customer she approached is not me but a professional business man?

She approached another friend of ours and gave him a proposal in A4 converted to PDF. A mere 4 line piece of art with limited information and I just dont believe that's how it is. My friend spoke to me about the way she worked and said that even his dad's insurance agent who has poor english gave a better proposal than the one he received from our friend here.

So, I postponed my purchase and then told her that I would only buy after she answered a list of my questions. At that point of time, I didnt have much time to research on this Prudential product, so I left this behind with my To-Do-List until she recently text me and asked my decision.

What should I know when buying an insurance?

lcl832002,

<<To me, only the person who has the ability to predict his own future doesn't need any insurance plan.?<<

Stop doing "bait and switch" sell tactic.

A) A baby does not know the future.  But, does a baby need life insurance??

B) Ditto, if a person has MILLIONS worth of savings, why do a person need to buy 100K worth of insurance??

C) If you are a beggar and you are staving now, you buy food first before talking about insurance.

There is NOTHING magical about insurance.  You ONLY buy it when insurance costs is low enough that the PROTECTION is worthwhile for the RISK that you want to cover.

Buyer beware..

Dreamer

To me, as long as the plan is attractive to you, you should not think too much. If the plan is not attractive, then just don't buy it. Why? Every product in the market has its own strengths and weaknesses. We can never find a perfect product that suits all our insurance needs. There are too many plans in the market offered by 9 life insurers and 25 general insurers. How are we going to compare all the plans?

Then it should be Supreme Livin' Care Plus.

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

Thanks for your info, actually I just give my budget (around RM 3K per year) to the agent, and the agent calculated the 100K amount policy on the laptop to me. If it is not overpaid, then it's fine then.
The agent said the policy will be terminated once u get full claim on critical illness.

Thanks richnet for the additional info.
It is known as buy back option.

Anyway, the premium for the product is going to be revised next month. Although there's no memo yet about the increment (historically, there's never decrement in premium), but most senior agents believe that it would be increased 20%.

Adik,

Very easy only.

Normally, as an employee, we need 4 plans:

i) medical card
ii) 36 critical illnesses
iii) personal accident
iv) life insurance

With these 4 plans, our personal protection is comprehensive already...

All these 4 plans have their own purposes of buying, strengths and limitations.

There are so many plans in the market and a lot of new plans is introduced each year. We can never find the best plan. If you can study all plans in the market, you yourself can be an insurance agent already.

Let say you find that medical card from ING is the best after you compare all the medical cards from ING, AIA, Prudential and GE. But are you very sure that medical cards from other insurers like Allianz, Hong Leong Assurance and others are not better than ING???

Just to share a real story I read from a Chinese newspaper last time.

An old woman who was around 70 years old still had to work to take care of her son.

Her son became diasbled due to an accident. Because he had never bought any insurance plans for his entire life, he lost his income permanently. If I am not mistaken, he was single.

In order to cover his family's expenses, his mother had to work to earn some income to continue living. I don't know what will happen to her son if the old woman passes away in the future.

I am not saying that the family deserves it because they don't buy insurance. Maybe they are too poor to buy insurance.

But, the reality is we can't live in this world without any money...

People are buying insurance because they know the reality that everyone of us can't run away from birth, aging, illness and death.

Wanna ask if i got a medical insurance.. And i go for specialist treatment .. will the insurance cover the specialist treatment..

but is there TPD/CI that is NOT investment-linked/endowment? meaning, term for 40-50 years or so?