Dear Dr Tan.
Firstly I would like to say good job on your blog, truly inspiring.
Term life in Malaysia, somehow seems to be quite expensive. For RM100,00 protection (living benefit), I need to pay about RM67 per month.
This seems to be much more expensive in comparison to other countries, i.e. USA and Singapore.
I decided to consider a personal accident plan, which looks the same as a term life, but covers accidental death only.
Do you have personal accident, like in Malaysia? What is your view about buying a personal accdient plan, compared to a term life?
Personal accident plans are sold in Singapore as well. The premium is less than $100 per annum, for a cover of $100,000. It covers death and permanent total disability caused by accidents.
In my view, a personal accident plan is suitable, especially for younger people.
As a Malaysian, you can buy a term life in Singapore, if you wish. You can also buy it from overseas.
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