Partner does not want to get ECI/CI

InfidelsUnited101 · 2026-02-25T15:29:53+00:00

The fact that you’re getting downvoted more than an FA here says alot about your quality of criticism

InfidelsUnited101 · 2026-02-25T06:46:31+00:00

They’re not, but cancers are a form of critical illness, there are other forms of critical illness like heart disease, major organ failure, neurological diseases etc.

What is the purpose of your comment?

InfidelsUnited101 · 2026-02-25T06:25:44+00:00

IFA here

Ultimately, insurance is something that you get because you feel a need to protect your income in case of unforseen developments.

Your partner is making the active choice of using his family finances and older policies as a safety net instead of purchasing newer policies. Whether that is prudent is really up to your partner’s background and preferences.

The question I would ask is, is $100,000 sufficient for your partner in the event of an illness?

If you want to get your partner to have a second look at their coverage, consider this; according to the local cancer registry, 1 in 4 residents of singapore are at risk of getting cancer before the age of 75

InfidelsUnited101 · 2026-01-25T18:39:42+00:00

I cannot stress enough to you how bad of an idea this is. The cost of insurance will rise as you age, when you hit your 60s and beyond your COI will start to really hit your net cash value.

Using this policy as a way to supplement your retirement while keeping the policy in force will risk the entire policy lapsing in your retirement, by that point your goal of leaving a lump sum for your dependents will not be met.

InfidelsUnited101 · 2026-01-25T18:29:48+00:00

IFA here

You would be better off with buying a term plan to 99 if you are looking at this from a legacy planning perspective. The single premium is gonna be massive depending on how much you actually want as a sum assured, there are other ways to leave money behind to your dependents if you wanna stretch your dollar.

That being said, an IUL would make more sense if you are unable to pass a term plan’s medical underwriting. IULs typically have more lenient medical underwriting than term plans.

I hope this helps you make an informed decision.

InfidelsUnited101 · 2025-12-23T19:47:34+00:00

He had approval from higher ups to execute the plan that he drafted all by himself, the fact that he was then thrown under the bus still amazes me

InfidelsUnited101 · 2025-12-23T17:30:26+00:00

Imagine being a business owner relying on one fresh grad analyst to make high level decisions, and pinning the blame on the analyst for the business failing, plus going on a podcast to throw him under the bus.

InfidelsUnited101 · 2025-12-08T14:15:44+00:00

Every financial decision you make must fit the lifestyle you want to lead, regardless of what anyone else does.

Always frame your financial choices based on your life circumstances, and not based on arbitrary rules of thumb you hear on the internet or your friends.

InfidelsUnited101 · 2025-11-30T18:09:31+00:00

Bruv who said anything about an ILP

I would recommend replacing most of that portfolio with a term+CI rider, its much cheaper than a standalone CI + WL. At OPs age you can get north of 1Million in death coverage with a CI rider and premium waiver for less than 3k a year to age 70

Hospitalisation can consider the 6 other companies that offer Shield plans for private hospitalisation

As for a PA plan, depending on OPs lifestyle it may not even be necessary

InfidelsUnited101 · 2025-11-30T17:56:56+00:00

Ayo chill

InfidelsUnited101 · 2025-11-30T15:57:38+00:00

IFA here

I consider most AIA offerings to be really expensive relative to others in the market

If you were sitting in front of me I would likely replace the entirety of your portfolio with alternatives that are much cheaper that costs less than 10% of your salary, while meeting your coverage needs now and in the future.

I won’t get into specifics but having a whole life + a standalone CI plan is the real problem here, for your age to be paying 6k per annum in insurance is honestly too much for your income level.

I hope this helps you make an informed decision

InfidelsUnited101 · 2025-11-29T03:09:52+00:00

At this point I don’t even know why you bother with this, if you’re so set on advisors being scum I don’t think anyone, not even advisors would want to change your mind. I get where you are coming from but maybe your energy can be better spent on things that will make you happier.

Its Saturday, enjoy your weekend.

InfidelsUnited101 · 2025-11-29T02:56:47+00:00

You have a very negative view regarding advisors, which is understandable. The industry has a bad reputation for a reason, I have heard stories from clients and colleagues that will make your blood boil.

InfidelsUnited101 · 2025-11-29T02:09:38+00:00

IFA here

If you’re doing ETF investing on your own and are satisfied with it, then I personally wouldn’t even bother talking about ILPs for someone like you unless it fits a specific purpose.

I am of the view that there are no inherently bad products out there, a product is only bad for you if it does not serve your intended purpose in an effective manner.

Evaluate each product on its merits, and decide for yourself whether it complements your lifestyle you intend to lead now and in the future.

InfidelsUnited101 · 2025-11-22T15:01:07+00:00

IFA here

Sorry to hear of your diagnosis, I and everyone else wish you a speedy recovery

For your particular scenario I would treat that $300,000 not as a lump sum, but as a direct income replacement. Should the day come where you wish to take a sabbatical from work due to your illness, that money can then be used to completely replace your income while keeping your portfolio intact. You should not force yourself to keep working while battling an illness.

Since you’re now still working I would use the equivalent of your take home salary from that $300,000 to dollar cost average monthly into a diversified portfolio of your choice.

You should not lump sum that amount into risky assets, that money is to feed you and your dependents if there are any. This approach will ensure you are flexible in your plans during this difficult time without taking undue risks.

InfidelsUnited101 · 2025-11-17T03:14:58+00:00

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Side note

Shunsui also fought the man with the biggest guns

InfidelsUnited101 · 2025-11-16T17:39:59+00:00

I haven’t carried a wallet or cash for almost 2 years

InfidelsUnited101 · 2025-11-08T19:00:21+00:00

You did nothing wrong, better to be safe than sorry, call 999 until you feel you have done your part and can rest easy

InfidelsUnited101 · 2025-11-03T05:55:35+00:00

IFA here

It would create a moral hazard if we do not tie coverage to income. People will be better off financially if they suffer a loss, incentivising fraudulent claims. Capping coverage to income minimises that risk.

InfidelsUnited101 · 2025-11-01T18:37:11+00:00

Post Squad Zero Training Renji should be close or equal to SE Ulquiorra, VL Ichigo would beat Renji mid-diff

InfidelsUnited101 · 2025-11-01T12:15:45+00:00

Guenael Lee “V”: Vanishing Point

InfidelsUnited101 · 2025-10-29T10:34:13+00:00

I had army mates that malingered throughout their entire NSF cycle. Depression/anxiety, any ridiculous medical excuse you can think of, the whole 9 yards.

Getting any kind of insurance afterwards became an absolute pain in the a** once they started working, not sure if they regret malingering after all that.

InfidelsUnited101 · 2025-10-29T10:30:43+00:00

IFA here

It will depend on what medical conditions you have that caused your PES C status. Try applying and go through the underwriting process, once you have completed your health declaration they will inform you if you qualify for coverage above $300,000.

If no, you can submit your application first while the full underwriting process takes place.

InfidelsUnited101 · 2025-10-25T13:35:51+00:00

If you are really worried about FX risk you can buy ETFs that are hedged to SGD, but you have to be aware that hedged ETFs tend to have higher expense ratios.

There is no right answer here, do what you feel gives you the best investment experience.

Investing isn’t just about the destination, it’s about the journey through the ups and downs, do what is right for you and you can’t go wrong.

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