Jun 6 2012, 06:07 PM
QUOTE(roystevenung @ Jun 6 2012, 03:55 PM)
Even though the plan may look similar by far they are identical.
Most ILP have a rider to waive future premiums (if diagnosed with CI/TPD) while stand alone plan _may_ lack of this feature.
Advice your friend to get a second opinion on what is covered and most important what is lacking and take another plan to cover this shortfall. Don't worry, we are trained not to simply cancel people's policies.
I hope you know who to call to get the second opinion
Hi, in your opinion, do you think it is advisable to add in the rider to waive future premiums if diagnosed with CI/TPD? I have a feeling that it will only be useful in the case of TPD. For CI, it has to be at stage 3 for the waiver to kick in (if not mistaken) and with a CI at stage 3 it is difficult to get fully recovered, hence shorter life thereafter. true?Most ILP have a rider to waive future premiums (if diagnosed with CI/TPD) while stand alone plan _may_ lack of this feature.
Advice your friend to get a second opinion on what is covered and most important what is lacking and take another plan to cover this shortfall. Don't worry, we are trained not to simply cancel people's policies.
I hope you know who to call to get the second opinion
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