Thanks for suggestion

Again it goes back to budget, by adding more riders, you'll have to pay more to maintain the policy

Haha yeah, friend didn't suggest the female coverage cos I'm not married, plus some of its critical illness is alrdy covered in 36CI.

And I def don't want to pay more

yep, that why u can remove the 36CI and take the early 36 CI.
Save cost

Cool

Have u compare the cost of aia with other insurer?

Not yet, I picked my friend because he also acts as my financial planner down the road

That's a wrong way to advise people in here, a person should pick insurance based on sound advise and professionalism of the insurance agent and not based on cost factor.

Everything is come down to cost.
U better compare the cost of aia and other insurance company, it will save u a lot of $$ down the road.

Friend, I applaud you for sticking to your friend.
I also really respect you that you trust your friend and support him/her to grow together with you for many years to come.
For you, he is the kind of friend you want to keep for life.
For him/her, I believe you are that friend too.

I want to appeal to you to go one step further to trust his/her advise and proposal to you.
There are many agents on this forum like me who wish to seek for business.
I believe your friend, an insurance agent just like me, really appreciates your support for him/her.
At the same time, just like how you are learning new things everyday in your career, he/she is too.

Now I grew up in an agency office. My whole family business is insurance.
If I told you I have learned everything there is about insurance, I am lying to you.
I am still learning new things everyday just because I am doing my job diligently everyday.

With that said, I believe as a form of respect to your friend, maybe you can suggest to meet with his agency leader to get to know his/her agency better, or maybe you can ask him these questions that you are asking here.
Otherwise, with all the different agents here slapping your friend's proposal to you left right and center, I feel that it is very unfair to your friend simply because your friend is the one that knows you best!

All the agents here can only go as far as to hint you "there is a cheaper option with me" or in other words "I'm cheap" to lure you over. Simply because we don't know you.
We don't know what you want, we don't know what you need, we don't know where you want to go, we don't know what is the difference between a 100k and a million life sum assured is to you, but we know everybody is trying to get something extra, we know everybody is just as Harry Markowitz described.
To all the agents here, you're just a username "violetlace". We don't even know your name.

If my two cents is of any worth, I encourage you to engage your friend telling him/her "hey, got some time for me? I have a lot of questions that I would like to ask you before committing."
If you're my friend and you call me with that sentence, i tell you... my feeling betul-betul !!
I would feel respected.

This post has been edited by JIUHWEI: Jan 2 2017, 12:46 PM

if u spend too much on these, u wont be able to enjoy the other things in life, else it would just be servicing loans and insurance, dont max too much of your budget into these, else u would not have the opportunity to venture new things / business in future, cause ur tied in with a high insurance premium

hi guys, currently m taking 100k prumultiple crisis cover for 1720 per year. m lookin to forfeit this n change other term life insurance due to d facts d coverage is low.

how much premium issit per year for any insurance wit coverage of 150k. d coverage i guess shall b d basics 1, death, tpd n critical illnesses? tq


below some of my details
34years, non smoker (more than 2years), male, construction (but mainly at office). coverage till 65years old.


ive run through https://uforlife.com.my/ . it seems for 150k, d total payment (include critical illness) will b in d range of rm5x k till 65years old. its more or less same wit my current 1. m lookin for more better monthly commitment.. tq

So you're looking for a cheaper premium coverage than 1720 per year? It sound a quite reasonable for the coverage that you're covered at the moment

if possible lower. if not d current 1 is ok jus dat d coverage is at 100k onli (at dat time i put smoker). m lookin a new 1 at 150k. my agent told me i cant improve d current 1. she advice me to add more insurance.

What are your main concerns with buying a new policy to compliment your existing coverage?

dats wat my agent told me. if ask me, i prefer to forfeit d exisiting 1 n find another. my main concern is d 100k coverage seems like not enough. if can reduce d premium will b added value

You pay for what you get. Can't expect to pay RM10,000 for a new 7 series BMW right?

This post has been edited by lifebalance: Jan 4 2017, 12:45 PM

It is always prudent to review your existing insurance policy time to time. If you are concern about value, just let the agent know your monthly budget. Of course as an agent, we are responsible to provide you with our professional advise however whether you take it is entirely up to you.

RM150k is low, especially if you have a family that relies on your income and if you have any liabilities. Now, the general rule is to have a Life coverage of 10 times your annual income but then again, it differs on individual needs.

Best,
Jiansheng

Hi guys, need some additional advice here.

What does below sentences mean?

1) Premium payment term : Until the Insured reaches the age 100.
What does this mean? Pay the monthly payment till age 100?

2) If the Med plan is Plan 150, can we request the agent to change to higher plan?
Will this impact the premium payment?

3) Maturity Benefit - Upon maturity at age 100, the Fund Value shall be payable.
Can only get the fund value once reach age 100? Is there any options to lower the age?


Appreciate your advice here. Thanks!

1. It means you have the option to pay until 100 year old

2. Yes you will pay higher premium

3. The policy can be surrendered anytime but you will not get any maturity benefit that you will only get upon maturity that I'd 100 year old