Q & A › Category: Insurance › Insurance charge for WPPlus
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Anonymous asked 12 years ago

Hi KCLau,
I read your book “Top Money Tips for Malaysian”. I don’t understand page 172 of the book which is about the WPPlus. A 55 years old person only pays $19 for a $2000 per year coverage. A 26 years old person only pays $1.92 for a $2000 per year coverage.

I own a Great Eastern IL plan, with life, CI and SmartMedic. My age is 36, male non-smoker. My annual premium is $2400, and the insurance charge for WPPlus is $58 for this year.

Why is my WPPlus so expensive? Could it be your calculation is too low?

Regards,
James Kwok.

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KCLau  Staff replied 12 years ago

James, can you send me the details quotation / of the statement of your ILP that shows the WPPlus RM58? I’ll try to verify the info.