Comments on: Supreme Livin’ Care Plus: Whole Life Living Assurance policy with Cash Bonus

By: KCLau

KCLau — Fri, 05 Sep 2008 01:08:24 +0000

36 Critical illnesses are covered till age 87

By: crane

crane — Thu, 04 Sep 2008 17:13:56 +0000

hi,may i know that will there be age limit for critical illness protection under this SLC plan as i know tpd will cease when age 65

Thankyou!

By: KCLau

KCLau — Thu, 10 Jul 2008 01:29:56 +0000

Hi Kelly,
The TPD and Death benefit comes together for any life insurance policy. It means you will get RM1 million TPD if you buy RM1m death benefit. If you want higher TPD benefit, the death benefit will rise as well.

I am a long time agent of GE. Of course I will handle your case if you want to buy from me.

Thanks!

By: kellysue

kellysue — Thu, 10 Jul 2008 01:03:59 +0000

Hi KC,

Can my coverage for TPD be higher than death? For instance, can i buy RM1M death benefit and RM2M coverage for TPD?

by the way, are you an agent of GE? if i decide to buy, can i buy from you?

By: KCLau

KCLau — Wed, 09 Jul 2008 05:17:08 +0000

1. the option is stated in the policy black and white. Please note that this option is only available to standard life (means those who are super healthy only - hypertension, disabled or other condition will not get this extra benefit)

2. normal premium rate, and non participating policy. Currently the only one available and meet the criteria is the Supreme Care whole life non-par plan.

3. I think GE is the first one to offer. There might be other companies offering similar plan. But I haven't known any up to date.

By: kellysue

kellysue — Wed, 09 Jul 2008 03:12:25 +0000

Hi KC,
i am looking to buy my first policy. Am interested on this product especially on the increasing sum assured. i got some questions regarding the buyback option below which i hope u can help me:-

Option to Buyback - in the event of life assured is diagnosed to be suffering from any one of the 36 illnesses covered (except Terminal Illness or Full-blown AIDS), the life assured shall be given the option to buyback the death benefit up to the maximum of the basic sum assured. It is commonly understood that when a person suffers from any of the 36 diseases, he will not be eligible for any new insurance protection. In other words, if you got cancer, you can’t buy any more insurance. However, the buyback options of SLC+ provides you a second chance to buy another policy that covers death only. When death occurs later, your beneficiaries can still claim the death benefit. In my understanding, SLC+ is the one and only plan in Malaysia that provides this advantage to policyholders.

1) is the option to buy back guaranteed? stated anywhere in black and white? i.e. in the policy?
2) the option to buy back the death benefit will be at the normal premium price or higher?
3) is GE the only insurer offering this option as of today?

thanks,
kelly =)