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 Insurance premium increase due to age factor

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MeToo
post Apr 26 2019, 12:40 PM

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QUOTE(lol~ @ Apr 26 2019, 12:25 PM)
Hi, i received a letter from my insurance company saying that there will be a change of contribution due to age factor. They will increase it. Is this something that they can actually do? Its my fault that i didnt ask my agent last time on this matter but i did read last time that the contribution will be fix until the end of contract

I read my cert just now to re confirm but i could not find anything related to the change of contribution due to age factor. Anyone can help me on this?
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This is why most of the insurance salesman who ask you to "buy insurance when young, its cheaper" is mainly marketing crap... buying when you're young and when you actually needs it (40s) u end up paying less when buying later
MeToo
post Apr 26 2019, 03:28 PM

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QUOTE(jesseclane @ Apr 26 2019, 02:12 PM)
So better buy when already confirm got health issue?
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confirm got issue who will sell to u wor.

buy when older, when chances higher and u can afford it
MeToo
post Apr 28 2019, 07:33 PM

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QUOTE(mushigen @ Apr 28 2019, 09:21 AM)
Dang, I should have postponed buying my insurance till 6 months before I kena big disease. Been paying for nothing so far.
I'll have high blood pressure at age 53, and kidney failure at 70, and that's a long way to go.
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Since u so pandai know he milestone liao. Why still buy so early? Sendiri dumb lor

 

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