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

By: KCLau

KCLau — Mon, 28 Nov 2011 17:42:03 +0000

@ Desmond,
If you have this policy, you can contact Great Eastern to request a full quotation print up.

By: desmond tan

desmond tan — Mon, 28 Nov 2011 14:48:05 +0000

hi,

where can i get the full infor for flexiplan whole life with cash bonus?

thanks

By: s.n.lee

s.n.lee — Wed, 16 Nov 2011 01:22:24 +0000

Hi,
i am planing to buy an insurance for my husband, but have no idea which suit him the best.
he is 41 year old with 1 child,11 yrs old.
he is currently holding a GREAT EASTERN FLEXIPLAN – WHOLE LIFE WITH SPECIAL BONUS. he bought it on 1995 , yearly premium rm3300.(still paying ?life 200k without medical card and critical illness.

his company insurance covered his medical and life of SGD200k
he plan to buy an extra insurance for family protection which is cover with critical illness. and life(no need the medical card because he is working oversea most of the time) -rm250k or the monthly premium of rm300-500.
in between traditional insurance and investment link, which one you think suit him the best ? any good insurance plan in the market now?
thank you in advance for your reply.
have a great day.

By: Cheah

Cheah — Sat, 25 Sep 2010 05:27:06 +0000

Dear Mr. KC,

I am SLC policy holder too. I would also love to know what is the correct answer or question posed by TW. My current understanding is as follows:

1. We can withdraw bonus and cash value.
2. Withdrawal of cash value is considered as policy loan.
3. Loan have to be repaid, just like bank.
4. Current interest rate @ 7.00%
5. It would not affect life coverage.

Keen for your answer.

Thanks.

By: TW

TW — Tue, 14 Sep 2010 08:43:58 +0000

Hi KC,

I am a SLC policy holder. In genera in a whole life insurance plan, I understand we can withdraw the (cash value) that has accrued in our account. My question:

1. Does SLC has this option? if it is possible, then
2. It is considered a “loan’ from your own insurance policy?
3. How do you repay your “loan’ into your own policy?
4. Interest rates, is it fix? finally
5. How does getting cash out of your policy effect your lfe coverage?

If SLC does not have this option, does GE have such a product for whole life insrance that allows such flexibility?

many Thanks for your inside.

By: KCLau

KCLau — Tue, 09 Mar 2010 08:09:22 +0000

You will get the maturity benefit at age 87. It is the sum assured plus all the bonuses accumulated.

By: Michelle

Michelle — Tue, 09 Mar 2010 04:01:20 +0000

For this SLC plan, if I buy this plan and survived throughout the period, what will I get back upon maturity ?

By: KCLau

KCLau — Thu, 06 Aug 2009 04:05:02 +0000

@ Pearly,

It depends on the sum assured stated in the policy.
It is better to contact your agent to work out the premium

By: Pearly

Pearly — Wed, 05 Aug 2009 04:36:33 +0000

Hi KC,
I bought Supreme Living Care in yr 2002. Currently only I notice that the payor benefit was until yr 2015. I currently 35 years old. If I want to extend it to 55 years old, can you estimate how much will be the extra premium?

By: Joanne Ng

Joanne Ng — Tue, 30 Jun 2009 08:32:47 +0000

hi,
I would like to double confirm with you regarding SLC SLC Plus. Does SLC contain Guaranteed protection increment? Or only SLC Plus have the benefit? How about Livin Care?

By: KCLau

KCLau — Thu, 04 Jun 2009 02:24:22 +0000

@ Dennis,

Your option is to top up with another traditional 3D plan or investment-linked plan.

By: dennis

dennis — Tue, 02 Jun 2009 10:37:40 +0000

Hi KC,
I bought GE insurance in 2004. Supreme Livinâ€˜ Care series 2.
Do GE still selling Supreme Livinâ€˜ Care series 2 ?
If I want to top-up another sum assured RM25-30K only for 36CI & death, what would you suggest to buy ?

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 canâ€™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 =)