| Quote: | | | Originally Posted by monkeybusiness | | | | |
| I am also looking at my various insurance policies coverage now and looking at how to add on to my current coverage as I do not have TPD and CI coverage.
I have spoken to advisers from GE and Prudential. They have shown me the products and I am looking through them at the moment.
However, in yesterday's Sunday Times, I saw an advertisement from AXA promoting their product called Future Protector. Seems quite a good plan as it takes inflation into consideration. However, I need to find out more first. | |
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If you have life insurance, why wouldnt you have TPD coverage? TPD is bundle with life insurance's Sum Assured.
I must admit, the future protector seems to be a good plan as inflation is taken into consideration.
But extracted from
http://www.axa-wm.com.sg/products/pr...protector.html
*Once indexation is activated, the sum assured and premiums will increase automatically at each policy year according to the increase in the prevailing Consumer Price Index (CPI) or at a fixed rate of 5%, whichever is higher.
Is this 5% or higher feasible? Another factor will be the premium cost?
Also are you looking at any returns? Term insurance has no cash value should it reaches the end of the term or should you discontinue but it is very cheap no doubt.
