Personal Insurance Recommendation

[Poper]

Bro/sis,

 

Recently, I'm into all these retirement and protection planning thingy... Just wondering which insurance company you've bought into and what's your recommendation to scout for good ones?

 

I got a friend's gf who quoted me about $700 a month for $320K coverage (death, critcal illness and perm. disability) with non-guaranteed cash value of about $280K at the end of 28 years.

 

Based on my calc, of the cash value over principal amount, it yields only about 1.6+% per annum Is this pathetic % normal? Is the % standard or at agent's discretion? (may be to get better comm?)

 

Thanks in advance!

 

Cain

[Yeshe]

Bro/sis,

 

Recently, I'm into all these retirement and protection planning thingy... Just wondering which insurance company you've bought into and what's your recommendation to scout for good ones?

 

I got a friend's gf who quoted me about $700 a month for $320K coverage (death, critcal illness and perm. disability) with non-guaranteed cash value of about $280K at the end of 28 years.

 

Based on my calc, of the cash value over principal amount, it yields only about 1.6+% per annum Is this pathetic % normal? Is the % standard or at agent's discretion? (may be to get better comm?)

 

Thanks in advance!

 

Cain

 

it depends, u cannot add up all together as such. generally 4 types u have to cover

 

1) Life plan ( death + disability + some retirement beneift )

2) Medical ( Medical coverage for CI n hospitalisation charges, no returns )

3) Endowment ( some death benefit + mainly retirement )

4) Protection ( term protection covering death +disability, no returns )

 

if u are looking for insurer, i suggest u focus on a good agent becos most insurer have similar policies. its the agent tat will make the difference in selling u the right plan tats suitable for u.

 

[Vtec_Bao]

Ups!!