tag:blogger.com,1999:blog-7944902213075756335.post4044824405297835684..comments2024-03-29T10:22:24.187+08:00Comments on A Singaporean Stocks Investor (ASSI): Buy term life insurance till age 65 or 99?AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger14125tag:blogger.com,1999:blog-7944902213075756335.post-63528877421074395702018-09-01T21:50:34.779+08:002018-09-01T21:50:34.779+08:00Jack James says...
For all the young families out ...Jack James says...<br />For all the young families out there , whole life insurance is the best investment ( yes , I call that an investment ) , buy it when your child is born . There is nothing in the earth can beat that return unless it is a Bitcoin . LOL .<br />Start early is the KEY 🔑. Enjoy the investment journey plus enjoying hefty insurance coverage , too good to be true . Buy !<br /><br AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-17482449118450629812018-09-01T12:31:08.740+08:002018-09-01T12:31:08.740+08:00Siew Mun Kwan says...
At 65-95 assuming children a...Siew Mun Kwan says...<br />At 65-95 assuming children are working, u and spouse has CPFlife and other form of income and no mortages. U need term life to legacy reasons.<br /><br />AK says<br />In that situation, term life insurance is no longer a need. <br />It is a want.<br />It really isn't the right tool for legacy planning.<br />AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-20275290203189204092018-09-01T10:50:59.778+08:002018-09-01T10:50:59.778+08:00Raymond Ng says...
Assuming age 35, term insuranc...Raymond Ng says... <br />Assuming age 35, term insurance up to 99, the premium is $4,119 for 64 yr. <br />Total cost is $263,616. <br />If he lives till 90, the total cost is $226,545. <br />Is the ROI OK?<br /><br />AK says...<br />ROI? <br />This is insurance lah. <br />This is not investment hor.<br />Read my blog carefully. :p<br />What if he lives to be 100? <br />Bad AK! Bad AK! :p<br />AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-69012991754872281512018-09-01T10:39:54.918+08:002018-09-01T10:39:54.918+08:00See:
Life insurance a heavy burden. What to do?See:<br /><a href="https://singaporeanstocksinvestor.blogspot.com/2017/12/life-insurance-heavy-financial-burden.html" rel="nofollow">Life insurance a heavy burden. What to do?</a>AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-33861939132285016672018-09-01T10:28:22.955+08:002018-09-01T10:28:22.955+08:00Aries Yn says...
So if no dependence we should no...Aries Yn says... <br />So if no dependence we should not buy any insurance for protection? <br />Or should we buy something to cover our old age?<br /><br />AK says...<br />If no dependents, you only worry about yourself.<br /><br />What this means?<br /><br />If you die, you die.<br /><br />If you don't die, that is the problem. :p<br /><br />So, you need H&S (Medishield Life) and you AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-16617209361312521392018-09-01T09:56:29.964+08:002018-09-01T09:56:29.964+08:00Reader says...
I will like to seek your advice on ...Reader says...<br />I will like to seek your advice on a wild idea that I have<br />I’m currently looking at my family’s insurance<br />2 very young dependents below 3<br />I was thinking if I should buy my term policy till age 99 for 1m<br />In a way to leave legacy for my kids<br />Sorry not sure if I sound gibberish here<br />Hope to get some talk from you<br />I’ve been talking to myself<br /AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-55206557904946404392017-10-19T12:09:38.237+08:002017-10-19T12:09:38.237+08:00Reader:
I have identified that I possibly need 1 m...Reader:<br />I have identified that I possibly need 1 mil in TPD/Death coverage and 250k in CI.<br />Two insurance companies have quoted me the following. <br />(I am 26 years old, office job, male, no health conditions)<br />Coy A: 1k/annum till 65 years old.<br />Coy P: 2k/annum till 99 years old.<br />Should I be considering Coy P if I can afford it? It would be quite a nice lump sum to leave AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-39212141576575701882017-09-07T09:02:05.279+08:002017-09-07T09:02:05.279+08:00Reader:
Hi AK, Term Life insurance. 20 years polic...Reader:<br />Hi AK, Term Life insurance. 20 years policy to 62, vs policy to 65, both non renewable. What's your thoughts if you buy?<br />Do you have any deciding criteria?<br /><br />AK:<br />Buy life insurance if we have dependents.<br />To what age would you have dependents?AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-86372777449489597962016-09-15T15:12:36.840+08:002016-09-15T15:12:36.840+08:00Hi Scopion,
Yup. I know. LOL.
Tea with AK: A fro...Hi Scopion,<br /><br />Yup. I know. LOL.<br /><br /><a href="http://singaporeanstocksinvestor.blogspot.sg/2010/04/tea-with-ak71-frog-in-well.html" rel="nofollow">Tea with AK: A frog in a well.</a><br /><br />;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-42056800492733567302016-09-15T14:53:47.914+08:002016-09-15T14:53:47.914+08:00Haha... You got me wrong. What I'm referring t...Haha... You got me wrong. What I'm referring to is 井底之蛙, which means that you have far more knowledge of finances and retirement then most people here have. Which is why there are so many readers and fans following and asking you for advise. Perhaps we are all truly staying in a well except your well is truly a lot bigger to see more of the sky than we do. Hehe...<br /><br />Suddenly I ScOpIoNhttps://www.blogger.com/profile/14713294773935220558noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-55851000505685802522016-09-15T11:16:29.510+08:002016-09-15T11:16:29.510+08:00Hi Scopion,
Alamak. You don't believe me? I r...Hi Scopion,<br /><br />Alamak. You don't believe me? I really stay in a well like most people. OK, my well might be a bit bigger than others but it is still a well. -.-"AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-21388323821523214072016-09-15T11:09:56.808+08:002016-09-15T11:09:56.808+08:00Recently I've compared term/whole life insuran...Recently I've compared term/whole life insurance of 10 most pop companies available in SG. <br />My view is that Whole Life is crap. Bf 65, you just need to cover by Term. Aft 65, the premium you pay for Whole Life is similar to the premium that you paid for is almost the same as the Sum Assured. So it's meaningless.<br />Folks you're welcome to do more research to challenge me. Art Collector in SGhttps://www.blogger.com/profile/18119731271503572401noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-59808499738465895932016-09-14T14:09:00.053+08:002016-09-14T14:09:00.053+08:00The last sentence makes you sound like a frog in t...The last sentence makes you sound like a frog in the well when you are totally opposite of it. Hehe..ScOpIoNhttps://www.blogger.com/profile/14713294773935220558noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-19526565781365339402016-09-14T12:23:58.191+08:002016-09-14T12:23:58.191+08:00When I was buying a new term life for myself 2 yea...When I was buying a new term life for myself 2 years ago, my mom who was 68 thought of buying too... I told her no need but asked anyway, the premium was 6x or 7x more than mine. That was only for a term of 5 years... Imagine a term of 30 years till 99...AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.com