Choosing CI (part 2)

My Takeaway:

1. As the 25yo is a long runway to protect, it may be worthwhile to Surrender the Manulife Wholelife policy, and topup to buy SingLife-Aviva (but minimum assured: $500k)

Why would I consider switching or Surrender ManuLife Whole/Life?

2. I compare Surrender Value of Wholelife Insurance for INCOME & Manulife:
> Manulife drops its SV from projected $39k to $29k @25yo.
> INCOME SV remains unchanged as illustrated in initial buy.

3. INCOME CI though limited pay premium, it gives x3.5 coverage from age 25 to 70 at $350k CI, its total lifetime premium is most expensive.

4. SingLife-Aviva offers best CI value, one should not put all into one basket. Imagine the insurer collapses during her lifetime!

5. Early CI coverage is expensive.

Afternote:
1. I realised that her Manulife w/life @Year25 has already achieved cost breakeven! 
Total Premium paid: $24.2k
Net SV @25yo: $29k

2. It may be worthwhile to be $1M wholelife policy which offers Lifetime CI rider.   It will breakeven around 20yo, with Surrender Value exceeding the total premiums paid.  Basically, free CI, Death & TPD coverage for life.

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