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Anonymous

16 Aug 2022

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I am 65 this year with existing medical conditions. The insurer will cover my existing conditions and death at 100K SA for a 25K Premium annually. Can I get the community's opinion?

I don't think it is worth it and not sure if I should accept the risk myself.

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Daniel Kok

26 Aug 2022

Technically it only protects you for the next 4 years which doesn't really makes sense to me..

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Elijah Lee

20 Aug 2022

Senior Financial Services Manager at Phillip Securities (Jurong East)

Hi anon,

The risk is probably till the point where your premiums paid are greater than the payout.

That's over the next 4 years.

After that, it doesn't make sense.

So, the question is, from now till 69, if something happens, do you have $100K set aside?

Personally I don't know your full financial situation but it doesn't seem attractive to me.

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Billy

17 Aug 2022

Development & Acquisitions Manager at Real Estate Private Equity

Are you referring to hospitalisation plan or Critical Illness plan? 25k premium for 100k coverage th...

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