Yup mine's AIA plan for my boy. Most plans have 3 tiers. Of course the 3rd tier is the premium so it's the most ex but covers more things. I took all the middle tier. More affordable coz I'm also quite tight currently.diy dearie, thanks!
if tts the case, it shld be good enuf til i get more funds each month.
yours is AIA plan?
Peisei, I left out 1 word and cause the confusion. $50 is CONFIRM enough. :001_302:sorry a bit lost here.. so actually for $50 is enuf or not enuf????
yup stonston, i'm keen to noe more too.. hw much will it be lik if i buy for my 9mth old ds now? will the price be increasing every yr lik medical insurance?ston ston, whole life insurance is like what???
Whole Life policy will not increase premium every yr. But the older you buy the more expensive and lesser coverage.yup stonston, i'm keen to know more too.. hw much will it be lik if i buy for my 9mth old dear son now? will the price be increasing every yr lik medical insurance?
Whole life insurance are like what diymummy mention, it cover death or total permanent disability. Some plans will add riders to cover accidental death and critical illness.ston ston, whole life insurance is like what???
The premiums are higher for paying say 10, 15 or 20 years instead of paying whole life.But for such plans where you pay for only 20 yrs, is the coverage lower than those which you pay all the way to 101 yrs old?
She's from AIA. Hb & I did our 'shopping' and found that we still prefer AIA although some of the premiums is abit higher (few dollars per month). Good experience with AIA so far also draw us back to it.Stonston, is your financial adviser an independent one?
Because for eg, my agent is from Pru so he only discusses the different options that Pru has. My ex-agent is an independent one but she resigned. She cannot offer me products from the big 4 agencies, ie Pru, GE, AIA and NTUC. But she offers me and does a comparison for me with other companies offering insurance eg HSBC, AXA.
So far I've not be able to find an agent which is from a big 4 and does a comparison for me with all the big 4 companies.
Yup there is but not much ppl can afford if you want to buy your very first whole life plan as the premium are pretty on the high side.Wow... Ok.. I didn't know that there are plans where you can pay only 20 yrs yet cover you for the whole life. I only thought that for most that pay up to a certain amt of years are endowment plans rather than life plans.
But for such plans where you pay for only 20 yrs, is the coverage lower than those which you pay all the way to 101 yrs old?
Why necessary? If you buy both then you'll be covered twice?Yup there is but not much ppl can afford if you want to buy your very first whole life plan as the premium are pretty on the high side.
Imagine, I just start working at age 21, my first policy my agent intro me is whole life plan limited payment and cost me around $300. I still jump and feel cash tight .
I find it it is nessarary to have 1 whole life plan that is limited payment and 1 whole life plan that is continous payment.
Not covered twice but with more coverage.Why necessary? If you buy both then you'll be covered twice?