Remember your parents buying insurance for you yet you have no idea what insurance policy is that or what does it do, at best you know it’s either from the “red or blue colour company”
In this article, let’s compare 3 whole life plans from 3 different insurers.
– Aviva MyWholeLifePlan III
– China Taiping i-Secure
– Manulife LifeReady Plus
All of them have their strength and their differences, we will explore which is more suitable for you.
There are several reasons to act now:
1) Premiums increase with age.
For example, to cover Male, non-smoker for $75,000, 2x multiplier for death, TPD, and ECI
1 year old premiums: $1,968.99 x 15 years = Total cash outlay: $29,534.85
35 year old premiums: $3,704.90 x 15 years = Total cash outlay: $55,573.50
50 year old premiums: $6,116.76 x 15 years = Total cash outlay: $91,751.40
All 3 plans cover for $150,000 before