Jan 15 2024, 08:59 AM
QUOTE(zero5177 @ Jan 10 2024, 06:42 PM)
Yeah agree it is always about coverage, never about being cheaper to start early.
heck even my newborn daughter cost as much as mine with lower coverage, who says younger cheaper lol.
Speaking of the investment link they said it is compulsory for medical card package, my way of dealing with it is going for the fund with lowest return so I can get better plan with same premium.
Is this the right way to deal with these? since the forecasted return is variable I think it may not worth it.
heck even my newborn daughter cost as much as mine with lower coverage, who says younger cheaper lol.
Speaking of the investment link they said it is compulsory for medical card package, my way of dealing with it is going for the fund with lowest return so I can get better plan with same premium.
Is this the right way to deal with these? since the forecasted return is variable I think it may not worth it.
QUOTE(Ramjade @ Jan 10 2024, 06:46 PM)
Actually you want fund with the highest return cause poor performance of fund will cause the insurance company to keep asking you for money cause your sustainability is affected with low returns fund.
Not true. You can buy standalone. I did. Of course when I ask for standalone insurance, all the agent showed me sour face except one.
if you good with managing your own fund ; buy STANDALONENot true. You can buy standalone. I did. Of course when I ask for standalone insurance, all the agent showed me sour face except one.
I bough 2 of my insurance with investment link ; so that in general ; the premium doesnt increase so much when grow older (assume no inflation/price spike)
If you see your standalone price; it will be increasing premium as you aged; but with investment link the monthly contribution is almost the same
Of coz standaline is CHEAPER to start with ; while investment link you already paid higher monthly upfront
Personally, if you dont care about insurance i.e only want use it when you need ; just get investment link ; less things to think off
And ; always review your INSURANCE every 3 years or so.. I did a mistake of never review my insurance for 15 years..ended up ive been paying a loosing insurance ; but cant opt out now because it is a Investment link i.e I loose much more now, until I hit the maturity rate of 20-25 yrs
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