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 Insurance premium increase due to age factor

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Holocene
post Apr 28 2019, 11:52 PM

Independent Financial Advisor
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Senior Member
945 posts

Joined: Jun 2012
QUOTE(lol~ @ Apr 26 2019, 03:02 PM)
Mine is takaful actually. I havent call them yet. I need to get the clear picture first before calling them and end up saying yes to everything. I dont have deep knowledge in insurance. They can easily cheat me again with simple explanation.
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If you don't even trust your insurance agent, I suggest you get one that you do trust...... After all, if anything happens to you, you're trusting him/her to carry out his/her duties to ensure your medical bills/life insurance is paid out.

Best,
Jiansheng
Holocene
post Apr 29 2019, 08:42 AM

Independent Financial Advisor
*****
Senior Member
945 posts

Joined: Jun 2012
QUOTE(NuKkE @ Apr 29 2019, 07:56 AM)
As far as i know, medical insurance will awalys increase with age. Life insurance is fix.

So it is good to sign early for life insurance
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Unfortunately it depends what kind of life insurance you are referring to:

- Saving plan

Yes these are categorised as life insurance and the premiums are fixed.

- Term Insurance

Fixed for X amount of years as per contract.

- Investment Linked

"Fixed", so long the COI does not depleted the cash value.

Best,
Jiansheng

This post has been edited by Holocene: Apr 29 2019, 08:46 AM
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