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Insurance Talk V6!, Everything about Insurance
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thinkgoodpositive
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 Mar 14 2020, 10:36 PM
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Getting Started
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Hi,
I just bought the Allianz for MediSafe Infinite+ base plan with other rides like power link, etc.. In the policy schedule summary page where it listed benefits summary and premium dates, it stated the maturity / expiry date for all benefits is 2040 (which mean i will be 67 years old that time). But the agent said it is cover till 100 years old and will renew to 100 years old when it mature at 2040.
Is it true that it will be auto renew till 100 years without any terms?
Just worry when mature at 2040 that time, suddenly it will say other terms like health, etc.
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thinkgoodpositive
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Mar 15 2020, 06:27 PM
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Getting Started
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QUOTE(Cyclopes @ Mar 15 2020, 12:46 AM) Both the sales illustration and policy should provide information if it's renewable. Ask the agent to point out the specific clause that's it's renewable. But generally all insurance companies do provide renewal option currently for investment linked policy. Thanks. There is clause for renewable upon maturity to 100 years I just worried when that time they may check health status. |
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thinkgoodpositive
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Mar 15 2020, 06:30 PM
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Getting Started
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QUOTE(ckdenion @ Mar 15 2020, 02:05 AM) Yo thinkgoodpositive (love your user id here  ) Yea in this case, you are currently buying a plan with 20 years term. That plan itself is renewable till age 100. Upon reaching the 20th year, you will be prompt to extend the coverage and top up premium when necessary to run the policy longer. Ya, top up is understood. I just worried when that time dunno will ask or check my health status again before approve or extend my coverage. |
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