May 13 2016, 12:16 PM
QUOTE(watabakiu @ May 9 2016, 05:48 PM)
I need opinion on buying insurance.
Currently I am reliant on the insurance coverage provided by my company. I know, not the best option...
I wish to have insurance, but am really not sure whether to go for which range, e.g. term, ILP, life, medical card, etc..etc...
My biggest concern is the financial impact, should I be hospitalized / requiring operation. I am not too worried about the Death benefit, as am not needing the money after I have passed..
As for clinic visits, I can cope.
Opinion is greatly appreciated, and if got any questions, do ask. Truthfully, I seek fellow forumers assistance in shedding some light as to what I should do.
Assuming you're young. I see that your concern is hospitalization.Currently I am reliant on the insurance coverage provided by my company. I know, not the best option...
I wish to have insurance, but am really not sure whether to go for which range, e.g. term, ILP, life, medical card, etc..etc...
My biggest concern is the financial impact, should I be hospitalized / requiring operation. I am not too worried about the Death benefit, as am not needing the money after I have passed..
As for clinic visits, I can cope.
Opinion is greatly appreciated, and if got any questions, do ask. Truthfully, I seek fellow forumers assistance in shedding some light as to what I should do.
Would you want an all-in-one plan that would be able to accumulate cash value to level against the increasing cost? Or you prefer to just continuously pay for medical card until a certain age?
Death also can be expensive. The sum assured is to help you/family/loved ones to cover the financial gap left behind. It may not be much but at least… some funds to cover your funeral? haha
QUOTE(lai_dm @ May 13 2016, 07:33 AM)
upgrade from the same insurance company ?
Yeah, preferably. You already started one and it may have been accumulating. Best to also get a review of what you had and what you can have currently.
*Oh sorry, just saw your agent changed post lol
If you need a Pru agent, I can recommend someone.
This post has been edited by BuddyALSJ: May 13 2016, 12:17 PM
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