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Insurance Talk V7!, Your one stop Insurance Discussion
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ftan
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 Apr 3 2025, 10:09 AM
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QUOTE(contestchris @ Apr 2 2025, 09:02 PM) Yes you will get the cash value of your investment holdings. You can easily check this amount by logging into eConnect. May I know why you want to surrender the policy? SPE2 is one of the better ILPs around and is something that I personally have too. I have spe2 plan also. I took up the GE medical rider offer. The premium is 20% more. I may look into reducing the premium or other alternatives at later stage. May I know your thoughts why it’s better? Curious to know. |
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ftan
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Apr 3 2025, 11:28 AM
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QUOTE(MUM @ Apr 3 2025, 10:44 AM) If you surrender the plan, ...i think, you just get back a bit of the money paid for 10 years ...(perhaps just 10%). Since you hv 2 plans, I was wandering if you can "convert" one of them to high deductibles plan. Ex:, If your 1st plan covers 200k of medical benefits, convert the 2nd plan to high deductibles like 150k. The 2nd plan starts to pay after the 150k from 1st plan Not sure if the company allows that or not. I see. From the statements, I have around 18k. I’ll probably increase the deductible to reduce the premium. I have to rely on my own medical plan. The company one is quite little (less 100k). So my deductible must be affordable to me. As for other alternatives, just want to look see. |
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ftan
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Apr 17 2025, 01:52 PM
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I got the GE offer via email and in the online account. Then I msg my agent to ask about it. Application was done online diy.
Just got the sms yday.
RM0 GREAT EASTERN: Your Service Request for Level Up Medical Coverage Campaign for Policy nnnnnnnnn is Approved.
My take is - if you are young and healthy, can survey other insurance plans.
Otherwise, see what other options to explore (higher deductible, etc).
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