Wednesday, April 20, 2011

Critical illness coverage

Dear Mr. Tan,
I am a 45 year old housewife. I'm covered by Eldershield and Incomeshield Plus Advantage. I am thinking of taking up some insurance plans for critical illness. I do not ahve any pre-existing illness. What do you recommend?

REPLY
Read this FAQ
http://tankinlian.com/admin/file.aspx?id=444
You can also consult vincent sear here
http://tankinlian.com/admin/file.aspx?id=435
at

3 comments:

  1. zhummmengApril 20, 2011 2:02 PM

    Buy a term to get decent coverage...maybe $150K sum assured since you don't have an income.
    And for your money sake don't buy a whole life or limited payment wholelife...it is scam

    ReplyDelete
  2. Vincent SearApril 20, 2011 4:38 PM

    Zhummmeng is always given to using undiplomatic strong words but well, I generally agree. ;)

    ReplyDelete
  3. stevenApril 25, 2011 9:34 AM

    ILP: The only good is it is so call double protection that is cheaper compare to normal policy. disadv due to the Assurance Charges for Death, TPD, TI and Crisis Cover Provider III which is increasing and when till over 60, your monthly premium that you pay might not able to cover the Assurance Charges and it will eat into your cash value. am i right?


    Buy why limited payment wholelife is not good?

    ReplyDelete