I prefer not to mix my personal blog with my company as I do not want to get into trouble with my company if I am to write somethings not so good to the industry or any particular insurance company.
As for Term or Life, each have their own merits and can be endless to argue which is better. I normally recommend a mix of both based on permanent and temporary needs.
I’m not a full fee-based adviser. I earn most of my income via
Investments advisory fees,
Referral fees for Mortgage Loans and Will Writings,
General insurances like Motor & Home insurances,
Commercial Insurances such as Corporate Group Health and Workman injury and lastly
Life insurances such as Medical and Terms, etc…
I am a married, non smoker female aged 33 this year who worked as a admin staff. I am considering to buy a whole life to cover my future and a term insurance to give higher protection to my family now.
I have few question here.
1) What is the term period suitable for me? I am thinking to buy a 30 years term to cover death of $300k plus critical illeness of $100K.
2) Shall i choose the traditional whole life plan or the investment link policy? i am thinking to buy ILP to cover death of $100K plus Critical illeness of $100K.
Currently, I only have a ILP with a coverage for death of $45K and CI $45.
I’d resent it to your hotmail as per what I see in my website. As I’m not allowed to put my name and email here. You may leave me your new email if your hotmail account is not valid. I will not publish your comment with your new email address. Thanks.