Advertisement

HL Low

27 Jul 2022

∙

Do we need to have equal amount of Early Stage Critical Illness and Critical Illness?

Hi,

Do we need to have the same amount cover for both Early Stage Critical Illness and Critical Illness?

Understand the calculation for CI to be covered is as followed:

5 x Annual Income = Critical Illness Coverage

How about Early Stage Critical Illness is there any formula that I can followed?

2

Discussion (2)

What are your thoughts?

Learn how to style your text

Just_Saying

02 Aug 2022

Using annual Income is not a good basis for estimating the coverage needed. Using annual expense will be a better gauage.

Reply

Save

Andy Chan

27 Jul 2022

Hello. I think for ECI it's typically 1-2 years of your AI as you typically recover faster from it.

Reply

Save

Write your thoughts

Related Posts

Do we need early critical illness / critical illness insurance?

Understand the premium is quite steep for critical illness insurance that covers early to late-stage critical illness. Any merits for getting these types of insurance? If not, any alternatives?

Hi Seedly Community, Does young working adult really need Critical Illness / Early Critical Illness insurance ?

Is it worth to take up a whole life insurance (with early CI) when i am at 40 years old now? Most policies will need me to contribute until 60 years. What other options to cover my critical illness (including early detection)? Thanks.

There are many early stage critical illness in the market nowadays. Is it possible for Seedly to conduct a research on this and share your opinion? Thank you.?

Related Posts

Do we need early critical illness / critical illness insurance?

Understand the premium is quite steep for critical illness insurance that covers early to late-stage critical illness. Any merits for getting these types of insurance? If not, any alternatives?

Hi Seedly Community, Does young working adult really need Critical Illness / Early Critical Illness insurance ?

Is it worth to take up a whole life insurance (with early CI) when i am at 40 years old now? Most policies will need me to contribute until 60 years. What other options to cover my critical illness (including early detection)? Thanks.

There are many early stage critical illness in the market nowadays. Is it possible for Seedly to conduct a research on this and share your opinion? Thank you.?

Advertisement