Monday, April 30, 2007

Term Insurance

I found this information from the life insurance manager of NTUC Income:

* they offer term insurance (level and decreasing)
* they offer living benefit (level only) to cover death and 30 dread disease

Most people prefer to take up the level cover for term and living benefit. The decreasing term is less popular.

In my view, term insurance is suitable (whether level or decreasing cover).

1 comment:

Victor Foo said...

I have signed-up for 2 i-Term insurance policies with NTUC Income Insurance during the last 6 months - so much as that they have to send me for a medical examination instead.

Nevertheless, I have passed the medical examination.

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