for guranteed income/savings plan this few companies has got their own ones :
1 Prudential
2. AIA
3. ING
4. Great Eastern
5. Manulife
6. AmAssurance
7. HLA

i used to have a excel file comparing each of the plan in detail, lost with my laptop, waiting for my fren to send it back to me .anyone need can PM me coz i donno how to post it here.

Wah, late come in
All habis stepped from b00n, dreamer and yewkhuay.

Btw,
What's the purpose of insurance?
The answer is you-know-what.

Else, if you want others, goes for better investment vehicle than insurance.

yewkhuay,

Can send to me
Coz I'm comparing and want to buy for my parents who's getting old.

And I don't know buying insurance for my parents is wise or not. Please advice much much.

income /savings plan is not for ppl getting old but more for ppl getting ready for retirement...i think u r looking for medical plan or critical illness coverage for ur parents....

i hav to wait for my fren to reply if he still keep the file, PM me email adress then.

This post has been edited by yewkhuay: Oct 5 2007, 01:14 PM

Oh yes, I'm not into insurance savings, but a insurance coverage (a.k.a protection) for my parents against illness.

I'll PM you soon. Thanks

Quoted from Manulife's website..

Could you explain what does the bold statement means..?
I thought you said that we only need to pay for 13 years..?
Correct me if I got it wrong, not good with insurance terms..

Ya, there are a few plans available in the market that suit your protection needs.

However, before recommending any products, u can provide the age range of your parents , the requirement and expetation of the policy u plan to buy on..

for protection againts illnesses, i can recommend a supreme living care plus frm great eastern..

more info, pm me..

regards..

=.=" Sorry but I wont go thru agent first.
I'll wait for yewkhuay analysis report before deciding.

There's pros and cons in this world

Hmm can I have that report too ?

1 Prudential
2. AIA
3. ING
4. Great Eastern
5. Manulife
6. AmAssurance
7. HLA

I've never heard of Manulife. Where's their office?

THe statement means ur premium will no increase...as some others like medical premium will increase... hope that clear....kekek

waiting for the reports as well..
pls let us knw after u got back ur file..tq r

Its normal for young ppl dun know abt manulife....cos i saw mostly manulife recruit above age ppl...not like GE, AIA, Prudential...a lot of youngster.....
Their office at Damansara....

Initially was British American > John Hancock > manulife

is very espensive to buy insurance for old people ...

insurance company love young and healthy people ...

Manulife Kinda not interested in it.
Coz your guys agent kept on calling me non-stop
Later will call up maxis to block the phone number
Irritating as they call during I'm in office.

---

Added on October 5, 2007, 3:01 pmBecause old people = high percentage for getting illness.

Young people = Low percentage for getting illness.

Why?
Once we have illness, insurance company need to fork out our medical bill with their own money.

And that's where lies a lot of agent why are after youngster for insurance than visiting house to house for their parents.
Obvious isn't it?

This post has been edited by temptation1314: Oct 5 2007, 03:01 PM

i believe all insurance company have the person u face(so call manulife agent)....as this really depend on the individual agent the way they be a sales agent....

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Added on October 5, 2007, 4:25 pmbetween buying for older age ppl defininte is very expensive.....somehow need medical check up....& worse the insurance company might not accept to buy becos older age is more higher risk potential to critical illness.....

This post has been edited by DerekKuah: Oct 5 2007, 04:25 PM

a lot of my working frens still reluctant to buy insurance ... which is very wrong mindset ...

they keep thinking insurance is mlm ... con people's stuff ...

they prefer to save all money in the bank

clsiluf,

1) Do you know that in most cases, they are probably correct?? It is a waste of money for most of them.

<<they keep thinking insurance is mlm ... con people's stuff ...>>

2) That is true in a lot of cases too when people buy insurance that they do not need.

<<which is very wrong mindset ..>>

3) It is ONLY a wrong mindset if you are an insurance agent trying to sell to them.

Dreamer

it's just a comparison from some aspects especially when ppl wanto know about figure...
don decide based on my report, talk to ur agent n ask them enuf questions.

i will need ur email add.

pm me email add as well.

don't always look at the premium, look at ur premium vs protection u get for the old ppl which most likely they r gonna need it in next 5-10yrs.
how expensive can a medical card be if u pay only 2-3K/yr vs medical bill of 50-200K covered ?

may be they just prefer to be con in buying car / clothes / house / watches ....
u buy what u think worth for u , in insurance, is protection. the rest above, figure out urself.

There's one thing that annoyed me the most, and this is the reason why so many people claim as MLM which is true.
Ask yourself, where do commission come from?
2nd thing, even we reject and said we don't want, they insist and ask us to buy. Isn't it gone too far to force a person to buy insurance that he do not need at all?

1. commision is paid by the company to the agent not by clients but using premium size as a scale , it is fair in business world as job tht involves SALES like car , house , medicine , machine, spareparts, material..... which doesn't pay the agent/employee commission/incentive based on sales brought in ? be fair with insurance agents, they r just making a living .

2. tht is a bit too much if the agent keep bugging a client to close the case.