Ask for three quotes

Dear Mr Tan,

I need to seek your advice. I am covered under a group policy basic term insurance. I want to increase my cover to $150K and take up a new critical illness term plan (until age 65). I declare that I am suffering from xxxx. The underwriter quoted a monthly premium of $x for the basic term and $y for the critical illness term. In your professional opinion, do you think that I should take up the new coverage? Is the premium fair?

REPLY
I suggest that you ask three insurance company to quote the premium on your coverage. You can make a better decision after you obtain the three quotes. Read this FAQ:
http://www.tankinlian.com/faq/termd.html

You can get the benchmark premium rate from this FAQ:
http://www.tankinlian.com/faq/benchmark.html