Tuesday, May 01, 2007

Term insurance up to age 65

Hi Mr Tan,
I will introduce your blog to my friends as they are frank and good advice for the public.

Although the term insurance for public officers are attractive ,you will not be insured when you leave your company. Is there any other term policy that will cover till your retirement age continuously?

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REPLY
You can buy i-Term (level or decreasing) from NTUC Income to cover up to age 65. You will find the premium rate to be quite attractive. It is guaranteed and level for the entire term.

The head of group insurance in NTUC Income told me that from 1 January 2007, a public officer who leaves public service can opt to continue the coverage under the public officer group insurance scheme. This is good news.

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