Wednesday, May 07, 2008

My life insurance policies

Someone asked me why I only had two life policies with NTUC Income, after working for 30 years.

Actually, I had a total of about 20 life insurance policies. They include 5 current life policies in my name (of which two are affected by the bonus cut), 9 policies that have been transferred to my children, and 5 investment linked policies.

Some other policies have since matured or expired (i.e. term insurance policies) or were consolidated (i.e investment-linked polices).

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