Sunday, September 04, 2011

Tips on critical illness insurance

A critical illness policy is one of the most popular policy, but is not well understood. The insurance agent tells the consumers about the cost of critical illness and the need to buy life insurance to protect against this event. Everybody will have to suffer a critical illness one day, and that will lead to death. But, is insurance the best answer? Read this article to learn about how to make the right decision.
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2 comments:

Anonymous said...

Don't be a sucker and rush in to buy those dubious early payout CI insurance.Ask yourself. What is the probability of detecting first stage cancer? Statistically how many cases of early stage cancer diagnosed? If they were detected they were detected by ACCIDENT.
Don't be conned by unscrupulous agents and insurers who exploit your fear.These products use scare tactics. Yes, there is early stage but not easily discovered unless you are willing to spend lots of money on yearly full check ups NON STOP.A full check up will cost $1k at least.Can you do it every year? What if you did after 10/15 years and never discovered will you give up? How many can afford? Are those who cannot afford doomed to get first stage cancer?
Those who can afford just save and invest $1K every year for 10 years at 8% return the end value is $15.5K. If first stage doesn't happen continue to save and invest
until old age . You will be surprised these salesmen would have you conned.
My advice is buy reasonably huge cover of $150K plus 5 times your salary and use term insurance .
Have a H&S medical if should an early stage discovered. H&S is adequate.
Remember that your early years of your life are MOST important. Make sure you have enough cover and ONLY TERM insurance can provide, NOT wholelife or its dubious variations. Please don't be conned and frightened into buying these rubbish plans which only seek to fleece and rip you off. Be wary of the conmen and conwomen disguised as financial consultants.

The Insider

September 06, 2011 12:06 AM
Anonymous said...

Ntuc has entered the fray with a early payout product known as vivoscare to replace the vivolife.

September 06, 2011 7:22 PM

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