Personal Finance
Comparing the Best Whole Life Plans (Updated 2020)
By The Astute Parent  •  January 14, 2020

​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.

​Why Now?

​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: $​55,5​73.​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

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By The Astute Parent
We have been sharing in-depth insurance plan reviews to our community since 2016. TheAstuteParent is now the BIGGEST online resource of financial planning guides. We are committed to upholding it that way.
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