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 Insurance Talk V7!, Your one stop Insurance Discussion

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OptimusStar
post Apr 18 2022, 07:02 PM

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I have recently secured a loan with CLTA for the first 6 years because its requirement from the bank. Now i want to cover the remaining of the years with personal insurance or term insurance. I see Gibraltar BSN has 500K purely term insurance at a very affordable yearly rate 900 RM annual premium per year for my age category. The rate changes every 5 years and renewing is not guaranteed.

Any concerns with this term loan?
OptimusStar
post Apr 18 2022, 07:49 PM

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QUOTE(lifebalance @ Apr 18 2022, 07:19 PM)
I don't see any issue
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Is it better to get a term insurance ? its seem renewal is not guaranteed, so they can stop renewing me if they want to.

Or is it better to go with life policy with cash value ?


OptimusStar
post May 1 2022, 01:42 PM

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Hi , i am looking for half a million coverage to cover my mortgage loan. Appreciate if any agents can PM me for details to get get a quote.
OptimusStar
post May 12 2022, 11:27 PM

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QUOTE(Calvin Seak @ May 12 2022, 04:55 PM)
Hey buddy! Have you purchased yours?

So far I think GE is one of the lowest.

I too am looking for life insurance for Mortgage..

Any coverage for both husband and wife? ie share a joint term life insurance plan, are there any in Malaysia?

1mil++ coverage  icon_question.gif
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Still comparing
OptimusStar
post May 19 2022, 08:21 PM

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QUOTE(adele123 @ May 10 2022, 03:19 PM)
Want cheap fast easy? Buy online directly from the company is possible. Haha.
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Any suggestions ? So far i only manage to find Gibraltar BSN .
OptimusStar
post May 20 2022, 10:41 AM

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QUOTE(adele123 @ May 20 2022, 09:11 AM)
Actually, all the companies have it. But i doubt they promote it. So when you go their website, it takes awhile to find it.

It should say online/direct.

This is not a financial advise and certainly from some random person on forum but i myself bought etiqa. But it has its own pros and cons. Please read properly. I'm ok with the pros and cons so i bought 500k.
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Thanks i will check with etiqa then and compare.
OptimusStar
post Jan 29 2023, 01:32 PM

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QUOTE(Ramjade @ Jan 27 2023, 09:37 PM)
True. That's why I try to avoid ILP where possible. If you pick the wrong fund, it cannot even beat FD returns. That's pathetic.

So just buy term, any savings just buy S&P500 etf and you will beat like 90% of the ILP in Malaysia or SG. Of course if you use the money and buy other stuff or gamble on penny stocks or speculative stocks then you are better off with an ILP.

You saved on
1. Agent commission
2. Annual fund management fees
3. Avoiding long term lousy performance

I am going to get some heat from from someone but this is fact. Majority of unit trust cannot even best the simple S&P500 etf over say 30 years. And this applies to ILP in Malaysia and Singapore. If you have been shopping for stuff like me in Malaysia, you will know most ILP in Malaysia have unit trust which focus on Malaysia market.

Disclaimer I am not an insurance agent or anyway a financial planner but a person who have been DIY his own investment overseas for 7 years+
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Hi , is there somewhere a newbie can start learning or investing in what you mentioned S&P500 etf?
OptimusStar
post Dec 8 2025, 02:21 PM

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My current premium was 300 and received a letter from Allianz Life to increase by 10% for the next 5 years. I cant afford this premium increase and looking for alternatives. Should the alternative be me trying to work the existing coverage like reduction or removal to fit within the budget?

 

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