Investment-Linked Health Insurance, Cut Coverage To Below 65 Years: Sim
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 Sep 10 2025, 11:59 AM
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#1
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Senior Member
975 posts Joined: Aug 2007 From: Lokap Polis  
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insurance kompeni: you need to topup so we can maintain your account for longer. customer: no, i wont, your agent promise the earlier i enter, the lower amount of insurance i should pay. i pay the same amount now. insurance kompeni: okay suit yourself (term reduced to 59yo) This post has been edited by zerorating: Sep 10 2025, 12:00 PM coyouth liked this post
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Sep 10 2025, 06:35 PM
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#2
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Senior Member
975 posts Joined: Aug 2007 From: Lokap Polis
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QUOTE(coyouth @ Sep 10 2025, 06:29 PM) so no difference with ILP as well? got different what, ILP - you give me extra money, i invest for you, charge management fee, if insurance cost increase i just take from your investment balance. if i need more money, i tell you term insurance - you pay me, you got coverage. price is decided by me, i inform you if there is price increase, you dont want to pay, you got no coverage. |
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Sep 10 2025, 06:37 PM
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#3
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Senior Member
975 posts Joined: Aug 2007 From: Lokap Polis
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QUOTE(Sichiri @ Sep 10 2025, 06:32 PM) ILP not locked in premium until 70 meh? but if you didnt topup when they inform you (you decided to pay lower amount as previous), your insurance will mature faster.Mine does. |
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Sep 10 2025, 08:56 PM
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#4
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Senior Member
975 posts Joined: Aug 2007 From: Lokap Polis
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QUOTE(lee_lnh @ Sep 10 2025, 08:09 PM) most will advise medical rider portion until 70. i rather take term insurance until 100 years, but its going to progressive premium increase, so every few years premium increase.becoz medical will increase with age.. beyond 70 even more drastic.. and will quick become unsustainable unless u yearly paying high premium margin.. even my medical mine also ends 70, but life portion till 100 so after 70 if critical illness yolo la.. juz die and next of kin can cash out the death benefit... if i felt cant afford anymore (it can be another 10 years, 15 years, 20 years or more) then let go of the insurance. |
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