Comments on: Which insurance package to choose?

By: Jayce

Jayce — Wed, 11 Jan 2012 04:43:15 +0000

Good if you don’t know how to invest yourself. You can invest in children insurance too if you afford to do so. No right and wrong here.

By: Ann

Ann — Wed, 11 Jan 2012 04:34:34 +0000

Hi, Jayce

What do think of insurance with investment link? Should we buy insurance for our children?

By: guest

guest — Mon, 21 Mar 2011 09:07:10 +0000

Oh! ok then!! Let me check for that. Than you for good info sharing.

By: Jayce

Jayce — Mon, 21 Mar 2011 09:04:07 +0000

I think EPF saving investment can be counted too. But do double confirm with your agent.

By: guest

guest — Mon, 21 Mar 2011 08:56:34 +0000

Hello Jayce..

We need to invest with Unit Trust at least for RM5500 with cash investment OR does not matter even if we have EPF saving with amount > RM5500.

Please advice.

Thank you.

By: Jayce

Jayce — Mon, 21 Mar 2011 08:45:45 +0000

Yes, you need to invest RM 5500 in order to get RM 100,000 premium coverage initially. As for renew, as long as you are still Public Mutual holder no matter how much investment left there, it is fine.

By: guest

guest — Mon, 21 Mar 2011 08:38:07 +0000

Hi,

According to an advisor.. we need to have at lease min saving of RM5500 inorder to get RM100,000 premium coverage? So that you can renew it RM550 per month.

Please advice.

By: Sarah Lin

Sarah Lin — Mon, 28 Jun 2010 04:51:05 +0000

Yes, you are right, Everyone needs an insurance package. We need to protect us from unexpected thing. Is it human or any vehicle but insurance is must and should.

By: Jayce

Jayce — Wed, 28 Apr 2010 13:34:38 +0000

No. Mutual Life Plus 2 does not have any cash value back. Even before 70. All the fee will be fully used for insurance. No investment so no cash value back.

By: Ms Teh

Ms Teh — Tue, 27 Apr 2010 16:46:29 +0000

I am interested in the Mutual Life Plus 2. But still need to find answers to a few questions.
If the insured is still alive at 70, does he get a cash value back?

By: Jayce

Jayce — Mon, 30 Mar 2009 13:07:02 +0000

@KC: Why do we need an insurance at the first place? We need protection, right? The higher the better when we are young.

When we old, do we still need coverage? Do we have enough saving to cover our living by that time?

For me, higher coverage at young is better. Those investment plan coverage will be very small in amount when old. Inflation… Get it?

By: KC

KC — Fri, 27 Mar 2009 03:16:37 +0000

Hi Jayce,

I got the same offer from my PB Mutual agent too. He said this is worth buying for high protection and why pay so much for investment link plan and you can save more on your own. There are some conditions below:-

1. The Life coverage is up to 70 years old whereby investment link can up to 100 years old.
2. The 36 CLR is up to 65 years old whereby investment link can up to 100 years old.
3. The TPD is up to 60 years old whereby investment link can up to 65 years old.

Well, do you think the coverage is sufficient up to age 70 for Malaysian? Accirding to Malaysan statistics, male will live up to 72 and female will live up to 76.

BTW, are you still with the MLP2 plan? I am still considering and may be go for it and top up with a lowest life plan comes with medical card.

By: Jayce

Jayce — Sat, 10 Nov 2007 11:21:42 +0000

Hi Jerry, thanks for your advise. I also thought of that when I signed up this plan. Will find another one as backup soon…

By: jerry

jerry — Sat, 10 Nov 2007 08:18:10 +0000

Jayce.. the coverage is high for MLP2…
I’m PB Mutual agent also..

Just be caution because the premium for this type of plan is not guaranteed. I think it increased from RM360 (for plan 1) to RM475.

Second is the company reserved the right to withdrawn this plan anytime (Of course the year which the premium already paid will still be covered). There might still have new plan (MLP3) with new premium…or might be not…and then you need to look for another plan to get covered…

my 2cents..:)

By: Jayce

Jayce — Wed, 03 Oct 2007 14:45:52 +0000

Hopefully… I did not make the wrong choice.

By: deana

deana — Wed, 03 Oct 2007 14:37:48 +0000

Hi jayce,

good choice..(i was Public mutual advisor) most people do not know what they are buying

By: Jayce

Jayce — Sat, 29 Sep 2007 14:00:20 +0000

Hi bro, you still can change now ma… Just waste some of your early investment lo…

By: Bernie

Bernie — Sat, 29 Sep 2007 11:22:49 +0000

You got a point there. That’s why I kinda regretted getting investment linked insurance (because of the reasons you stated above). It’s better to get a cheaper policy just for coverage, and leave the savings for better investing.

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