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Should I continue my early stage critical illness policy
16 May 2017 (92 views)

Hi Mr Tan,
Recently I faced a dilemma whether should I continue my AXA Early Stage CI or not which covers me until 75 for a guaranteed fixed $1,246.50 annually inclusive of GST.
 
This is especially so when comparing with the rates offered by SAF Aviva Living Care and Living Care Plus program.
 
I am a student, age 26. I will be graduating soon.
 
Therefore, I would like to seek your opinion on this AXA Early CI Term’s suitability for me and whether am I be better off opting for SAF’s CI coverage or self-insured?
 
REPLY
Can you ask the agent who sold you the policy to explain the difference to you. You can then decide whether you should continue or terminate the AXA policy and get a similar cover from the SAF policy.

You should also consider the difference in premium payable between the two policies in making your decision.


Generally, I find it unnecessary for a young man to take an early stage critical illness policy. The premium rate is quite high. You can buy the SAF critical illness coverage, as the premium is quite affordable.

You can watch my video on critical illness coverage at www.tankinlian.com/video.aspx.
 


Should I continue my early stage critical illness policy
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Hi Mr Tan,
Recently I faced a dilemma whether should I continue my AXA Early Stage CI or not which covers me until 75 for a guaranteed fixed $1,246.50 annually inclusive of GST.
 
This is especially so when comparing with the rates offered by SAF Aviva Living Care and Living Care Plus program.
 
I am a student, age 26. I will be graduating soon.
 
Therefore, I would like to seek your opinion on this AXA Early CI Term’s suitability for me and whether am I be better off opting for SAF’s CI coverage or self-insured?
 
REPLY
Can you ask the agent who sold you the policy to explain the difference to you. You can then decide whether you should continue or terminate the AXA policy and get a similar cover from the SAF policy.

You should also consider the difference in premium payable between the two policies in making your decision.


Generally, I find it unnecessary for a young man to take an early stage critical illness policy. The premium rate is quite high. You can buy the SAF critical illness coverage, as the premium is quite affordable.

You can watch my video on critical illness coverage at www.tankinlian.com/video.aspx.