Great Eastern Maxlink
What :The policy cover Death, Disability and Activities of Daily Living
Pros & Cons: Nothing good about this plan. A st*p*d plan. It's an investment link plan hybrid with Term Life Reducing plan. Sum assured (reduce from $132k to $12k after 35 years.) The plan is actually accumulate your own money.
Well, the policy holder surendered the plan after paying >$8k (for 3-4 years) and get refund at $3k. Net loss about $4k ..
Better alternative:
Buy a Whole Life Limited Pay plan, says 10-15 years if you are able to commit >$2k per annual for Life Insurance OR
Buy a Term Life Plan, says 25-35 years.
If Activities of Daily Living is your concern, you should consider GE Life Secure ( ~$300 per annual, depends on your monthly income replacement) which will cover your income if ADL striked.
At 40 years old, you may then opt to elder-shield plan which could be fully paid by your medisave, which cover ADL as well.
What :The policy cover Death, Disability and Activities of Daily Living
Pros & Cons: Nothing good about this plan. A st*p*d plan. It's an investment link plan hybrid with Term Life Reducing plan. Sum assured (reduce from $132k to $12k after 35 years.) The plan is actually accumulate your own money.
Well, the policy holder surendered the plan after paying >$8k (for 3-4 years) and get refund at $3k. Net loss about $4k ..
Buy a Whole Life Limited Pay plan, says 10-15 years if you are able to commit >$2k per annual for Life Insurance OR
Buy a Term Life Plan, says 25-35 years.
If Activities of Daily Living is your concern, you should consider GE Life Secure ( ~$300 per annual, depends on your monthly income replacement) which will cover your income if ADL striked.
At 40 years old, you may then opt to elder-shield plan which could be fully paid by your medisave, which cover ADL as well.
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