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 Insurance Talk V7!, Your one stop Insurance Discussion

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blabla987
post Jul 29 2021, 11:41 AM

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From: Milky way
Hi sifu all, I need some advice. I plan to get a life insurance for 500k to cover for my housing loan MRTA. One AIA has quote me to pay around 492+ for an investment link life insurance for 20 years. It is worth it for me paying for 20 years? 500 per month for 20 years.. the agent told me that i can take out the money anytime if i need it.. not sure how true it is. Mind to advice. Serious yea thanks
blabla987
post Jul 29 2021, 11:45 AM

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From: Milky way
QUOTE(lifebalance @ Jul 29 2021, 11:44 AM)
biggrin.gif guess I caught ya red-handed tongue.gif.

That being said, there is enough Allianz representative in here including myself.
Do you want to pay off your insurance in 20 years time ?
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thats why i not sure.. the agent gave me a chart 10 years 20 years and up to 70.. then 70 years she say returns is lower.. 10 years is the best.. but very expensive.. i never have any life insurance so i am not sure about this
blabla987
post Jul 29 2021, 03:51 PM

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From: Milky way
QUOTE(Holocene @ Jul 29 2021, 03:49 PM)
Typically, for life insurance I'd reduce the cash value to as low as possible. Indirectly meaning my premium will be lower.

Best,
Jianshesng
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Hi mind to explain more.. sorry i dont understand
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