LUV plan

Dear Mr Tan,

I was reviewing the NTUC Luv plan which was launched recently. This looks affordable and comprehensive considering it covers life, TPD and critical illness - which will all expire at 70.

But looking at their monthly premium at age 60 and beyond, it make me wonder if this policy is still attractive since many in that age bracket may not be able to afford $300 a month or morre premium. Pls advice.

REPLY:

I am not familiar with this new product, which was introduced after I have left NTUC Income.

I suggest that you should talk to an insurance adviser (whom you can trust to give impartial advice) or call their business center?