Isn't that what I'm clearly referencing your "elsewhere" as investment although indirectly.

If you don't intend to top-up to an ILP and wish to do your own investment. Then don't buy ILP policy in the first place. It's akin to buying Petrol Car and you want to pour Diesel in it when it runs out of petrol.

Accepting different point of view also means you have to accept other people's POV as well. You seem to indicate that people shouldn't top-up towards their insurance policy and do investment elsewhere.

I indicated that you could do so, just; however, live with the consequences as not everyone has the "intelligence" & "discipline" to invest the money and subsequently use that "profit/loss" to pay back towards the increasing insurance premium.

However, you don't seem to be "agreeable" towards my POV and deemed that there is zero-tolerance. Doesn't the above shows that you are the one being the intolerant one?

Never did I insist YoungMan MUST top-up his insurance, I also suggest he can cancel it now and save the money. I'm pretty neutral towards my answers. Nothing like a "typical insurance agent".

I think it was meant to refering to as, all professional service providers need and will earn from providing their service.

Professional = engaged in a specified activity as one's main paid occupation rather than as a pastime.
"a professional boxer"

BTW, they hv to get qualified before being able to provides their service too

Btw, there is way to circumvent this nomination and trustee issues. Just do an absolute/partial assignment. Say that you are doing it for love and unconditionally etc etc. Esp in this sister situation. I don't understand why more people are not talking about assignments.

The spouse after having taken out the money can do what ever he/she liked?  Is there any legal provision that does not allows that?
Wife take money remarried, shares that money with new husband but are still may or may not be taking care of the children

Whoever is the named nominee will receive the insurance proceeds.
This part clear kan?

Then the issue now is
1. who is the rightful owner of said monies?
Hence the need to identify the person receiving the monies.
Are they receiving it as an executor, or are they receiving it as the rightful beneficiary?

2. does this form part of the deceased estate to be distributed?
Answer is no because the banks and all creditors get first dibs on the deceased estate, leaving the remaining balance to then be distributed to the rightful heirs.
Whereas the Life Insurance proceeds is immune against such creditors.

Sorry, but I was under the impression that this is common knowledge??? (Maybe I am in a bubble, so I apologize)
I'm shocked for someone who "used to work in BNM" to be confused about this????? 

I don't see why suddenly got a big issue about nomination all the sudden.

Either hafiz is trying to confuse everyone or spin a scenario into oblivion or generally majority has no idea how nomination work.

if you are not parents spouse or children, even if you are named in insurance policy as beneficiary dont hope you can get that money to enjoy , you would only receive the money as executor, to distribute the money later on to their rightful owners

1. Insurance payout will fall under the deceased estate and will be subject to his debts.
2. The sister shall distribute the money in accordance to the Distribution Act 1958 since the brother died Intestate.

Dear Sifus,

Guess I am another "victim" to another insurance premium increase.

I bought my son an ILP insurance from Allianz upon his birth in Nov 2019. Premium then was RM 206, now increase to RM 329. Policy is Medisafe Infinite+ Plan 150. Sum insured is RM 10k, 72 critical illness circa RM 85k, there is this pay or  cover rider too, where i can stop premium if (touch wood) kena one of the critical illness.

My question is:

Is there any alternate option I have to maintain the current RM 206 premium?

Just want to gain some upperhand while pending my agent's reply.

Thank you very much

What is the relationship btw income vs insurance? Dont get the point..

just wondering... are you working and hence being covered by another insurance policy... like by your firm's policy?

If yes, more reason to opt for co-pay increase... as 1K rm is really nothing in say 10 to 20 years time.

What's the quantum of increase for the insurance charges specifically?

Wondering too if that 37% premium increase in a year includes the usual scheduled "next age bracket"  premium increase too?
Ex: 51-55, 56-61, 61-66 kind of increases.

Look at the images posted in post 6321..
There are scheduled premium increased in accordance to age brackets which should be attached with the policy

Now do you believe that premium will increase eventhough there is no medical inflation?
Medical inflation are added in periodically after they published the insurance cost in the table.
It showed that coi increases as per age brackets which you had mentioned that premium should not increase at retirement.

If coi increase, will premium increase too for medical insurance products?

Is that life insurance or medical insurance plan?

Are you sure ilp medical plan has no premium increases?
"RAMJADE" would be very surprised

Just want your confirmation, ...
After you had confirmed that it is a ilp medical plan, could you provide the name of that product?

You had already posted "unless" ....

So the premium can increase.

Bcoz high deductible payment eg RM5k and above will stop a lot of ppl simply admitting to hospitals due to unable to claim. If you did a minor surgery eg endoscopy mayb cost abt RM 5k. Then u can’t claim insurance although u owned a medical card.. 
Then this type of medical card will not loop into repricing (increase premium) so frequent by the insurance companies due to the claim ratio is relatively much lower than those low deductible or no co payment medical plan. This kind of plan definitely is cheaper than those with low deductible RM300/500.