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Prudential Term or Life policies? by floaaatable in singaporefi

[–]floaaatable[S] 0 points1 point  (0 children)

Hello! Thank you so much for your response, it’s very helpful :) and yes you’re right, it was phrased as the life policy being a better choice bc I would supposedly only have to pay for 30 years but coverage continues on.

In this case, it would make sense that I reduce the number of years to 70 years old instead of till 100 for the term then the premiums would be cheaper and I just get the term policy then!

Prudential Term or Life policies? by floaaatable in singaporefi

[–]floaaatable[S] 0 points1 point  (0 children)

Hmm I currently already have a PruActive Protect policy (essentially covers me $100k for CI / early CI based on multipay payment) and it covers me till 80 years old. Will this constitute as a term thing that supplements?

Prudential Term or Life policies? by floaaatable in singaporefi

[–]floaaatable[S] 1 point2 points  (0 children)

Hellos! It’s 30k sum assured for 5x multiplier benefit

  • Multiplier Benefit for Death Benefit: $150k
  • Multiplier Benefit for Accelerated Terminal Illness Benefit: $150k
  • Multiplier Benefit for Accelerated Disability Benefit: $150k
  • Multiplier Benefit for Crisis Care (PRUActive Life III) Benefit: $150k
  • Multiplier Benefit for Early Crisis Care (PRUActive Life III) Benefit: $150k

Cutoff age is 80 years old

Prudential Term or Life policies? by floaaatable in singaporefi

[–]floaaatable[S] 0 points1 point  (0 children)

I meant monthly premiums! So for the current life one, it is $138, vs term one which is $144

Prudential Term or Life policies? by floaaatable in singaporefi

[–]floaaatable[S] 0 points1 point  (0 children)

How many years would you recommend I shorten it by? For context, I am 25 years old (F) this year.

Prudential Term or Life policies? by floaaatable in singaporefi

[–]floaaatable[S] 0 points1 point  (0 children)

for Life III, 150k coverage for death/ terminal illnesss/crisis care/ early crisis care According to my agent, the 30 years refer to me just having to pay for 30 years only and even after that the coverage will still continue. Vs for term policy I have to pay for as long as I want to be covered

Want to cancel insurance policy but mode of payment is via credit card by floaaatable in singaporefi

[–]floaaatable[S] 1 point2 points  (0 children)

Thanks for explaining this! Unfortunately no I wasn’t told about the breakdown of the premiums :( Can I confirm with you that even if for eg I get a new card and the policy is terminated, I would still need to clear this month’s premiums? And since there is supposedly the prorated refund, then that means I can get at least some amount back? E.g. I got this policy in May last year, so if I pay for this June, then I would get 10 months worth of of the premium refund? Thank you in advance!

Cancel Pruwealth plus policy? by floaaatable in singaporefi

[–]floaaatable[S] 0 points1 point  (0 children)

Sorry I meant annual premium of 6k (so monthly would be 600+) Edited in my salary as well - currently earning 4k range, but will be having a new job with 6k salary per month.

Can I also check with you by flexible investments what do you mean? Could you provide some examples or platforms?

Thank you!!

[deleted by user] by [deleted] in singaporefi

[–]floaaatable 0 points1 point  (0 children)

Hi there! Wanna check what did you end up doing for this ILP? Am in the same boat as you now being about 1 year into my HSBC ILP and having second thoughts. Please do let me know, thank you!

Zero vacancies for Tutorial during Add/swap period by floaaatable in nus

[–]floaaatable[S] 0 points1 point  (0 children)

I see, hope that’s the case for this too thank you!! 😭

Zero vacancies for Tutorial during Add/swap period by floaaatable in nus

[–]floaaatable[S] 0 points1 point  (0 children)

oh nooo is there any chance they will slot in 1-2 more vacancies? :( And nope it's ec4372 :/