Dear Mr Tan,
I am reviewing my existing policies: Living, Incomeshield and Ideal Plan, I have been unemployed for more than one year and found it difficult to get a new job as I am now in my fifties.
I was advised not terminate my Living Policy. I am considering whether I should buy a term policy (which you have recommended) since it would be cheaper and I could get a larger sum insured. However, will it cover my existing conditions of fibroids? Will this condition affect my Living policy since it was discovered after the policy was issued?
REPLY
My advice of buying a term insurance policy applies mainly for young people - so that they can invest their savings in a low cost investment fund.
Looking at your circumstance, i.e. age and medical condition, it is best that you keep the existing Living policy, rather than ......
