Read? My Long Term Personal Financial Goal - Self-insured Fund by 60!!! (2)
Important milestone in our life journey in Singapore; even CPF Ah Gong did the right thing by terminating DPS at 60. Above 60; the premium rises steeply! Every 5 years band; the premium rises even faster.
Scary!
How come Whole Life policy is still paying the same premium way beyond 60?
Why arh?
Are you aware of guarantee and non-guarantee part of whole life policy?
Think why there is non-guarantee part?
CW,
ReplyDeleteSaw the letter from NTUC advising me how much they will deduct my CPF for DPS next month.
I didn't sweat the small stuffs until I completely forgotten to cancel it together with my private wholelife and term insurance policies...
Premiums too cheap.
You are right. The DPS premiums jumped a bit once I hit the age 50 band. Finally my radar noticed it.
Will write to NTUC to cancel my DPS. It has outgrown its usefulness.