Hi all, I (36M) currently have a GE plan (investment linked):-

life coverage 150k
critical illness 150k
medical RM150/990k annual limit

Paying RM325 a month. My wife (35) is uninsured except for work insurance. We just paid off our home so now looking at medical/life insurance for both. 2 children (4/6 yrs).

Annual net income is about 85k for me and 45k for my wife.

I'm comfortable with my medical coverage, but my life coverage seems quite small. Does it make more sense to:-

1. Increase my life coverage with current provider (GE) either by topup or buying separate life plan?
2. Buy a life coverage plan with another provider (fi.life?)

At my current age, 20 year term seems a bit short (although it will cover the most 'dangerous' part of life in terms of expenses la). How much should I expect to pay to top up to 1 million (meaning +850k) full life coverage?

Frustrating that there's no way to compare ringgit-for-ringgit coverage between the providers.

Also for my wife's insurance needs, at the very least I want to get about 1 million medical plan for her (life coverage not sure yet), is it better to stick with current provider or should I diversify to other provider?

When exploring options for insurance for female 35 years (next birthday) non smoker, I spoke to both a GE agent and an AIA agent.

GE agent said RM220 monthly for 990k annual limit room&board 150 (with minimal 12k life protection)

AIA agent said RM300 for their 150 package (500k annual limit, 20k life protection).

Seems like a huge difference for reduced coverage, which means I must be missing something, but I also dunno how to ask further as they seem directly comparable to me. Can the insurance agents here suggest what the possible differences could be to cause the huge difference in cost?

Thanks for all who offered to meet me to draw up a plan, but I very much prefer posting publicly in LYN for everyone's benefit (if that's okay with you).

'Sustainability' means the ability to maintain premium price without increase for X number of years?

I see a few mentions here about 'check with the website', but I can't seem to find any pricing information on GE/Prudential/AIA websites for insurance. Only fi.life got term insurance prices listed. Is there something I'm missing?

Someone you know, you may not trust.

Someone you trust, may not actually deserve that trust.

I believe many older folk will have story about the cousin or old friend who sold them overpriced policy just to hit target. Blood is thicker than water, but money is thicker than both =)

No matter what we are responsible for ourselves, and need to consider properly.