Hi,
I would like to hear your opinion about early stage critical illness plan and CI plan. In post #45 (page 5) of this thread, d.o.g. explained the different types of insurance and their priority as follow:
1. H&S
2. Disability income
3. Term life (if there are liabilties that need to be paid)
4. Critical illness (optional)
In recent years, insurance companies started to introduce early stage critical illness plans that cover critical illness in early and intermediate stages.
So, is early stage critical illness plan necessary? What is the priority you would put for this kind of plan?
About my own coverage, currently, I have a death/TPD/CI term plan of $136,000, a shield plan with rider, and a disability income plan. Is $136,000 of CI coverage enough? What is the rule of thumb for CI coverage?
About myself:
Male, non-smoker, age 37, single. No dependent.
Thank you!
I would like to hear your opinion about early stage critical illness plan and CI plan. In post #45 (page 5) of this thread, d.o.g. explained the different types of insurance and their priority as follow:
1. H&S
2. Disability income
3. Term life (if there are liabilties that need to be paid)
4. Critical illness (optional)
In recent years, insurance companies started to introduce early stage critical illness plans that cover critical illness in early and intermediate stages.
So, is early stage critical illness plan necessary? What is the priority you would put for this kind of plan?
About my own coverage, currently, I have a death/TPD/CI term plan of $136,000, a shield plan with rider, and a disability income plan. Is $136,000 of CI coverage enough? What is the rule of thumb for CI coverage?
About myself:
Male, non-smoker, age 37, single. No dependent.
Thank you!