Serious is it neccesary to insure for CI?

[kkbutterfly]

I have been asked many times to buy insurance against Critical Illness which I don't have any now.
is it necessary?
now only have Aviva disability plan
prudential hospitalal plan
cpf medisave

 

[Leongsam]

I have been asked many times to buy insurance against Critical Illness which I don't have any now.
is it necessary?
now only have Aviva disability plan
prudential hospitalal plan
cpf medisave

If you have a critical illness no insurance company is going to cover you.

 

[shittypore]

If you have a critical illness no insurance company is going to cover you.

The best insurance policy is to standby a cyanide pill, swallow it and save all the trouble.

 

[dr.wailing]

The best insurance policy is to standby a cyanide pill, swallow it and save all the trouble.

If you've a low threshold of pain, you can forget ingesting cyanide.

 

[zhihau]

I have been asked many times to buy insurance against Critical Illness which I don't have any now.

health is wealth, what's the use of wealth when you have no health?

 

[Thick Face Black Heart]

health is wealth, what's the use of wealth when you have no health?

Meant to protect your family in case you can't work due to an illness.

 

[borom]

Meant to protect your family in case you can't work due to an illness.

Main problem is it does not cover you when you most need it- as many cover only until 60 years of age.

Chances of having these critical illness are highest after 60-ironical?

 

[Thick Face Black Heart]

Main problem is it does not cover you when you most need it- as many cover only until 60 years of age.

Chances of having these critical illness are highest after 60-ironical?

By 60 all your kids should have grown up and are independent so you won't need insurance.

Those who feel they need insurance beyond 60 can buy whole life with ci cover. But who would need it anyway?

 

[Leongsam]

Main problem is it does not cover you when you most need it- as many cover only until 60 years of age.

Chances of having these critical illness are highest after 60-ironical?

It isn't ironical at all. It's perfectly logical. Insurance isn't needed most after 60. It is needed most when someone is just starting out in life.

It's tailored to provide cover for the period where critical illness is least expected ie when a person is young, heavily in debt and has dependents to feed.

By the time one is 60 the debts should be paid, the children should be grown up and independent and the mind should be ready to accept the fact that the inevitable will soon happen.