Term insurance for CI, TOD & Death coverage recommendation?

Hi Alicia, let me share with you my policy from AIA.
23yo, male, smoker. (I quit last Sept, so paying the smoker premium for a year and hope to downgrade to a non-smoker rate)

30yr term plan, 360k Death/TPD, eCI/CI 300k. 1.9k/year. Non-smoker rate would b 1.2k. Do note that AIA Premiums are generally more expensive. I chose to stick with AIA as I have a trusted agent, as well as AIA being one of the top 3 (Big) insurers in SG. Am paying about 25% more than the "market rate". Yes I have done my research after meeting a couple of agents.

I would say only get a Term Policy if you are diligent enough to re-invest the difference between the Term Policy and Whole Life Policy. As the term policy will not cover you till 99. The point of re-investing the difference is to ensure you have a sum of money that will cover your medical bills for old age. If you do not re-invest, once your term policy ends, you are "not covered" in that sense. So if you do not know how invest, I would highly suggest you get a Whole Life Policy instead, where it covers till 99 due to the Par Fund that the Whole Life Policy invests in.

Get an integrated shield plan plus rider! Important! Love this post my Zhe Liang.
https://www.blog.pzl.sg/integrated-shield-plan-...

I would like to add that for an agent selection would be someone in the industry for about 3yrs, someone around your age to settle any claims. You do not want your agent to retire say 10-20yrs down the road. A bonus for me is that the agent is a Million Dollar Round Table (MDRT) holder. So the agent is doing well and would have a lesser chance of the agent prematurely leaving the industry. The best service you can get is from the competency of your agent.

For your question of which insurer, I would suggest trying out with MoneyOwl (https://www.moneyowl.com.sg/). You can easily compare between different insurance policy quotes from various insurers that they sell using their online calculator.

Their agents are salaried and don't operate on a commission basis, so you won't get that kind of "pushy" agents or agents that might put their commission over your financial interests.

You also get a 50% agent commission rebate for all insurance policies you get. Right now I believe they also have a promotion such that if you are an NTUC member as well, you get up to 60% of commission rebate.

P/S: I am not from or sponsored by MoneyOwl btw. I personally also got some of my insurance policies from them and just really liked the idea of a commission rebate, as well as their service.

You can also consider adding on a ECI/CI rider to your basic Term Life plan that covers Death and TPD (most insurers offer this option), and it is usually cheaper than buying the plans separately.

Personally wise, my Term Life Plan and ECI/CI are covered by Tokio Marine and Aviva.

Cheers.

- Jeffrey (jeffreyleezq.com)