If you buy at younger age then the possibility for the insurance ceased to be in-forced will happen when the cash value is not sufficient to sustain the policy. Example if you join in your 30s, the cos of insurance will be higher will start from age 61-70,71-80 and 81-100. So from your age 30- 60 is thirty years investment period.During this 30 years period the cost of insurance is not high therefore the investment cash value will be enough to cover.If you did not withdraw the cash value then the policy may sustain until you age 70+s. Its all stated clearly in the quotation.  And beside that every insurance have loyalty bonus which will pay at age  either on age 60,70 or 80 depending on your entry age.

Many insurers are giving very cheap insurance due to using step premium method. There are not enough reserved fund to cover your policy when u gets older. Like every 5 year they tell you the price is increasing. Buy cheap pay more later.. or Pay average premium that can sustain for xxx years. like malay say .. bersusah susah dahulu... bersenang senang kemudian. or you prefer the other way? Thats why term insurance is highly not recommendable.. due to if one get any 36 critical illness or major illness.. they cannot get term insurance for the following year. worst still other insurer will not accept them.. So many wanna buy cheap term medical but they never think for long term. usually u can see they are now suffering for their medical cost. FYI

P/s: you can add some savings to increase the policy sustainable years. And if you just want to enjoy 25 years protection withdraw before the value drop and use that for other investment channel. You still win all in the end. 20 over years protection and get back more than what you paid.

1. Find out how much is your current coverage

2. Factor in the next 10 - 30 years medical cost inflation

3. Whether to immediately upgrade based on the assessment above depends on your budget. If budget does not permits, upgrade gradually.

If you did not take the highest possible coverage now (since you hv no problem with budget) and if there is any claim till 2047  (the year you wanted to upgrade).....they may exclude that coverage or increase the premium to cover that....
earlier post you mentioned abt doing your own investment.....how much can you make from investnent that can outdo the cost of a cancer treatment?
Jusr a thought that i hv....

are u just referring to term life insurance? actually can buy those term that covers u up to the age you need. not sure whether which term insurance are you referring to which is not guaranteed renewal. mind to share?

No such term now. Already dissolve since 2015

Let me take one example for Age 35 medical card rm150/month
rm1800 p.a x 35 years up to age 70 = Rm63k exchange for 1m unlimited protection
in the end of policy period u still get back your cash value.

Why not just get an upgrade in the ILP instead of maintaining 2 separate medical card?

For convenience sake, it is advisable to restrict the claims to one insurer and best option is to UPGRADE the existing medical card and not maintain 2 medical cards.

Unless during the application for upgrade, the client has other health issues which may impose Exclusion. Then it is recommended to have 2 cards. If not, best to stick to one card.

Handling of the claims with second insurer can at times be mind boggling as the second insurer will require the exact medical reports which were submitted directly to the first insurer. Ding dong here, ding dong there, which causes delay in paying the claims.

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Here is a claims scenario that you may want to consider as well...

Assuming that the first card comes with an annual limit of RM50K, while the second with RM50K deductible and RM1M limit and the surgery costs RM80K.

Since the first card is only able to provide Guarantee Letter up to RM50K, upon discharge, the client is required to pay in cash RM30K and using the original receipt, Letter of Settlement (from 1st insurer) & hospital medical reports, file a claim from the second insurer.

If both cards were from the same insurer, then it is possible to seamlessly have the second medical card to cover the hospital charges variances without having the client to fork out his own money.

nope it doesnt work that way. can only use one at one time.