Thank you for understanding the question now, and who it was for.

What a good little helper you are

What was this about?

It basically means that the fund performance this year so far is down 5%.

While yes, the units deducted to cover this year's COI is deducted at the current value,
our premiums to buy those units also result in us buying more units at the current value.

But then again, though the name "investment-linked life insurance", it is not and should not be considered as your investment vehicle.
Take a good look at the Life sum insured, the riders, and ask yourself "what do they mean to me? How are these helping me do what I want to do?"

This post has been edited by JIUHWEI: Aug 27 2018, 06:37 PM

I believe at 66, nobody will dare to ask your dad to switch insurers, especially medical insurance.
Because we don't know:
1. his medical history
2. his claim history

What we're afraid of:
1. incontestability period
2. Waiting period
3. non-declaration

There really is no such thing as good or no good.
Reason being the medical service providers are all the same, and each and every company pays in MYR.

There is also no such thing as being "overcharged" in such a heavily regulated industry.
It is a fear created and propagated by the bad apples within the industry in an effort to paint others black.

So let's look at what is real and what is true:
1. Your dad already has medical insurance.
2. Your dad is best to stick with a provider that ALREADY covers him.
3. Your dad needs that medical insurance.

Why not stay the course and let the current company do what it says it will do?

I acknowledge that the premium figure may be cause for concern.
I am not looking down on that figure at all.
But if you ask me, knowing what I know, I will just pay it.

Every agent here wants your business.
But I think everybody in their right minds and right conscience will tell you the same thing I am telling you.

Whats more valuable that covered amount is that the company says "we are accepting your proposal".
Take it.

Yeah brah.

Kind of recovered from my mom's passing.

What do you think?

ILP has some funds to feed the cost of insurance for trivial events like an expired credit card;
while a standalone medical lapses within 30 days grace period.

If you ask me, I would just go with ILP.
But that's just my personal opinion.

I think of her every day..

It's really very tough emotionally.

I thought I was already numb to it with the number of funerals I attended all these years (dad's clients)...
But I was a complete mess for a long time.

Just very thankful to all the friends and family as well as the service providers keeping me and my dad and siblings together.

Nobody asked but I do have my regrets.
I regret not hugging my mom more,
I regret I didn't buy her flowers more often,
I regret not being able to locate the theresa tang cassette album she likes,
I really really miss going to the wet market with her, and the dinners we had together.
I wish we took more pictures together too.

I can't look at my childhood pictures the same anymore...

It doesn't make a difference, really.

If you have a preference, you can go with your personal preference.

[Personal Opinion]
I believe many here share my personal opinion on the matter..
That is, it really doesn't matter which company(s) you go with.
Your experience with any and all companies will only be as good as the servicing agent's services.

So if you have a particularly good friend/family member that is currently servicing your insurance needs, go with him/her!


[A bit more]
My experience dealing with my clients who asked the same question, is that the question really sounds like this:

"Do insurers communicate medical histories with each other?"

The answer is NO. It is your private data, so no sharing unless otherwise permitted by you.

However, while insurers keep your data to themselves, your medical history at any and all licensed and registered medical facilities in Malaysia is safe with the Kementerian Kesihatan Malaysia, as well as all local medical facilities for a minimum of 7 years.

If medical history is a concern, I suggest you have this discussion with your current agent (or an agent you trust) to look for the most feasible solution, considering the realities of the day.

May not be ideal but it is definitely better than nothing.

1. Maybe your continuous support for him is what will keep him in the business forever?

2. I think that is what's reasonable and customary I believe is with accordance with KKM.

3. The cost of insurance rises with age (after age 15), that's fact. But insurers increasing premium with excessive claims only applies to group insurance (ie: company buy medical insurance to cover their staff). Otherwise, the bigger name insurers either stick with their respective standalone medical insurance premium schedules (and will announce if they will hike the rate beyond the schedule), or if you're on an investment-linked policy, the premiums should remain unchanged under normal circumstances.

As long as your premium is paid, the company will renew till maturity of policy. You are right.
There was indeed an update on the wording, which was also sent out to all policy holders in the form of a letter a couple years back.