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 Insurance Talk V6!, Everything about Insurance

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RoGuEWaVe
post Apr 17 2020, 12:46 AM

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Hie... Looking for suggestions for life insurance.
Planning to take 2M coverage for life and 500k for critical illness. Is it advisable to take under 1 company or multiple company ex 500k per comp to diversify. Kindly advise
RoGuEWaVe
post Apr 17 2020, 12:47 AM

Getting Started
**
Junior Member
77 posts

Joined: Nov 2009


Hie... Looking for suggestions for life insurance.
Planning to take 2M coverage for life and 500k for critical illness. Is it advisable to take under 1 company or multiple company ex 500k per comp to diversify. Kindly advise
RoGuEWaVe
post Apr 17 2020, 11:30 AM

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Junior Member
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Joined: Nov 2009


QUOTE(ckdenion @ Apr 17 2020, 09:19 AM)
hi RoGuEWave, i recommend you get under 1 company. if you are getting from agents, you are going to deal with more than 1 agent for only this particular application and from there you will also get different different opinions (i afraid). unless you are going to engage a financial advisor representative, then it will be a different scenario.
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All this while i was tinking to take under 1 comp until someone came up with diversity, reasons incase in future cant handle the committee u still will have partial insurance then losing all in 1 go
RoGuEWaVe
post Apr 17 2020, 12:12 PM

Getting Started
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Junior Member
77 posts

Joined: Nov 2009


QUOTE(tyenfei @ Apr 17 2020, 08:57 AM)
Good day friend,

You can get multiple quote to compare.

Even in ONE company got different type of life insurance benefits.

Some life product plan got capping limit for accident death.
Example you take 1M coverage. Accident death in public conveyance suppose to 300% of your sum assure
which is 1M x 300% =3M
BUT the life policy is actually CAPPING at Maximum 2.5M

To get quote you need to provide age(exact birth date)
Gender / smoker / non smoker / occupation and brief info.

#StayHome #StaySafe
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Thanks for the info not aware of the capping


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