This is my opinion , you should buy your mc right now , since you are now 30++ , those bad illnesses start to attack peoples in their 30s. Illnesses like diabetes,heart problem , high calories are something you need be aware of. If you want to buy MC when you already got problem with your health then its going to be a problem. The premium is going to be high and you may have a chance to get rejected.

You have to understand the cost of medical card will be increased along with your age. If you buy it when you already at golden age .The cost of MC is going to be very high and if you are taking ILP , im afraid the cash value wont be sufficient to cover the increase of your premium because you only have 10-15 years to pay the premium . You dont want to pay high premium when you are retired , sucking up all your saving. The horror part is you dont want your policy to be lapsed at the time when you really need your insurance coverage the most.(when you are old) just because you couldnt afford the premium.

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Added on May 29, 2010, 8:28 pmYou have to make sure the policy stated that it is guarantee renewable.Most of insurance companies wont terminate your policy after you made claim as long the claim is not exceeding the lifetime limit.the most important thing you have to read the policy and not just listen to your agent.because in the end of the day only what written on the signed papers are matter not sweet words came out from you agent's mouth.

This post has been edited by redruby: May 29 2010, 08:28 PM

I would suggest Pru Multiple crisis cover too ,

Critical illnesses claims of up to THREE times

You can make up to THREE* critical illness claims from a comprehensive and wide-ranging list of illnesses, giving you peace of mind that you are covered again and again.


Coverage for TWO instances of Cancer

PRUmultiple crisis cover allows you to make up to TWO cancer claims, giving you added protection when you need it most.


WAIVER of PREMIUMS upon diagnosis of critical illness

On the first diagnosis of a critical illness, PRUmultiple crisis cover will WAIVE ALL FUTURE PREMIUMS, so that you can concentrate on getting your health back on track without any additional worry.


COMPREHENSIVE coverage for death, disability and critical illnesses

We truly understand when you need help the most by giving your loved ones and yourself death and Total and Permanent Disability (TPD) benefits in addition to the protection for a wide range of critical illnesses.