I received this email in response to a guest blog (see related post at the end of this blog):
Hi AK,
On your latest blog on term insurance, you write that $50 a month can get fresh grads $500K coverage. I am not sure if you meant to have CI coverage included, if yes, the premium rate looks unrealistic in current market. To share my recent term insurance purchasing experience - It costs a male going 30, non smoking, for $1300 a year for death coverage of $1M, $200k for TPD and CI. This is after 30% discount from Aviva, the discount applies to the whole policy period, till 65. For a female going 25, it is $880 for the same coverage.
I got all quotes from major insurers and found this to be the lowest, particularly with the 30% discount. If I were to opt for $200k death, ......
