May I know is there any medical insurance where the insurance charges (not just premium) are fixed for the rest of your life?
Insurance Talk V6!, Everything about Insurance
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 Apr 25 2020, 02:43 AM
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109 posts Joined: Feb 2015  
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Apr 25 2020, 09:07 AM
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#2
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QUOTE(Cyclopes @ Apr 25 2020, 08:04 AM) Good morning. As it currently stands, no medical plan with fixed insurance cost. There are fixed band for age groups that will increase as you get older.  Thank you. I was looking for a way to hedge against the rising medical costs but seems like it is not possible. |
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Apr 25 2020, 02:44 PM
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QUOTE(yklooi @ Apr 25 2020, 09:17 AM) Try study the possibility of using ilp product for the 'hedge'? Hmmm I have always wondered why some agents ask us to buy medical insurance early to protect against escalating medical fees. Seems like there is no way to get a product that features fixed cost of insurance, guaranteed renewal, and no portfolio withdrawal clause |
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Apr 25 2020, 06:18 PM
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Thank you but I am not looking for life insurance with fixed COI. Unlike medical insurance, I think rising longevity should make it cheaper in general over the long run...
QUOTE(GE-DavidK @ Apr 25 2020, 05:14 PM) There is a plan from Great Eastern which features fixed/guaranteed cost of insurance which is SmartProtect Sure. It is a type of life insurance + critical illness policy but it's not the medical insurance you are looking for though. |
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