Both Mr. Tan and Adrian advocate buying term instead of Whole Life policies. Avoid whole life policies By: Tan Kin Lian Many people are badly advised by insurance agents into buying whole life insurance. Being expensive (compared to term insurance), the consumer has inadequate insurance for their needs. The agent says that "term insurance will expire after 20 years, and you will not be uninsured at that time". Many people are unduly concerned about this point. It is largely irrelevant. Most people only need adequate life insurance to cover premature death when their children are young. An insurance period of 20 years is quite adequate to meet this need. Read more... $100/mth Term or $100/mth Whole Life By: Adrian Khiat If you are 30 yrs old and is a man, You can get as low as $23,000 coverage for a Critical Illnesses Whole Life Plan. (One of the Limited Premium Whole Life Plan) You can get as high as $215,000 coverage for Critical Illnesses until 65 yrs old (One of the CI Term Plan) If you are 40 yrs old and is a man, You can get as low as $18,000 coverage for CI Whole Life Plan. You can get as high as $130,000 coverage for CI Term Plan till 65 yrs old. For advisers who had recommended both plans before. Touch your heart, ask yourself, is it easier to tell a client take up a $100/mth Whole Life plan or a $100/mth Term plan. My experience told me "The $100/mth WL plan is easier." Read more...