Jul 28 2009, 05:42 PM
QUOTE(numbertwo @ Jul 28 2009, 10:06 AM)
What about this type of plan :
Whole life non par, with a slightly more expensive premium than term life but cheaper than Par policy. Breakeven (cash value) is about ~15 years onwards and you are allow to carry a CI with the policy and expiry is age 100. This way you may lock-in a high CI coverage while young. ALthough you are paying a slightly higher premium for the life portion compares to just a term life, but if you believe you will live for the next 10, 20 years you are actually getting sort of a 'free' life coverage as the cash value will out-grow your premium after 15 years..
I got a quote on this type of plan. Female age @ 34, a 100K CI costs RM843 - till age 100.
just to share.
Whole life non par, with a slightly more expensive premium than term life but cheaper than Par policy. Breakeven (cash value) is about ~15 years onwards and you are allow to carry a CI with the policy and expiry is age 100. This way you may lock-in a high CI coverage while young. ALthough you are paying a slightly higher premium for the life portion compares to just a term life, but if you believe you will live for the next 10, 20 years you are actually getting sort of a 'free' life coverage as the cash value will out-grow your premium after 15 years..
I got a quote on this type of plan. Female age @ 34, a 100K CI costs RM843 - till age 100.
just to share.
QUOTE(numbertwo @ Jul 28 2009, 11:51 AM)
Life 100K at RM1134.
why dont you go for:life RM20K = RM 326.80 per year
PCLR RM100k = RM 937 per year
total = RM 1263.80
PCLR is different with normal CI, because with normal CI, the claim is whichever come first basis. lets say 100K life and 50k CI, if CI happen, u get 50k, but your life coverage left 50K.
edit: PCLR 100,000
This post has been edited by raph: Jul 28 2009, 05:48 PM
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