Saturday, April 28, 2007

A good plan for a young family

Dear Mr Tan

I am in my early 30s. I recently brought a 30 yrs decreasing term insurance covered $300K for myself & $100K for my wife. I have a standalone Critical Illness policy for myself & my wife. I have a Disability Income policy to cover myself only. We are both insured under NTUC Enhanced MediShield with Plus Rider.

I like to keep my saving in Money Market Fund for liquidity & invest the rest in ETF (eg. streetTrack STI).

What is your advice?

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MY REPLY:

Your approach sounds like a great idea.

Which insurance company did you buy the decreasing term and critical illness cover from? I understand that NTUC Income has the lowest rates (according to a survey by Business Times).
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2 comments:

Anonymous said...

Hi Mr Tan. Nice to see your blog. I understand NTUC no longer offers decreasing term policy. They have informed me as of 28 Apr 07.

Regards,
chua.

April 28, 2007 1:28 PM
Anonymous said...

Hi chua,

You may have been misinformed. NTUC Income offers the decreasing term under their Family Insurance Plan

October 20, 2007 10:36 AM

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