Life insurance
By kevinll
@kevinll (967)
China
September 12, 2009 5:57am CST
I think if i wanna insurance protection only, i like to buy a term life insurance policy. It is not like investment or funds.
If i only wanna buy whole life insurance and plan to hold it for at least 15 years. I think i should cancel other policy and i will improve my insurace costs. I do not know the detailed, maybe i am right?
1 response
@Graceekwenx (3160)
• Philippines
12 Sep 09
hi kevin. you can get insurances from different insurers and spread your sum insured in each insurer. You can also have the option to upgrade your term life insurance and cancel the other existing policies that you have. Would it not be waste if you cancel the other policies when you were already billed for premiums annually for the others?
