QUOTE(Ramjade @ Dec 26 2022, 07:11 PM)
Just buy ILP medical card and pay fixed premium until like 80years old.
I thought ILP isnt fixed? Its subject to the investment doing well?FI/RE - Financial Independence / Retire Early
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 Dec 27 2022, 10:56 PM
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Dec 29 2022, 10:44 PM
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QUOTE(Wedchar2912 @ Dec 27 2022, 11:01 PM) It is "fixed", subject to investment performing better than their calculation and the cost of insurance remain as predicted. If the investment did not do well enough to cover the cost of insurance (can be insurance cost goes up), then the insurance firm will ask you to pay a increased "fixed" amount moving forward. This is how I understand it when I bought mine like 15 years back. So far, it has been "fixed" as the original amount. QUOTE(Ramjade @ Dec 29 2022, 04:07 PM) Yes thats true also and fund is to help offset some of the premium. If premium paid + fund < supposed premium, you need to topup. So essentially, its not fixed.If fund doesn't perform well, or medical costs increase, it will cost us more. If fund perform well or medical cost isnt as high, it will not reduce but stay the same. I can see why some people advice to avoid investment linked insurance lol. |
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