Suitable plans for a young person

Hi Mr Tan,

I have just bought a Limited Premium Living Policy on $100,000 coverage.

I am wondering what other plans in the market I can purchase to provide a more cost-effective coverage on a lower cost. There are so many plans in the market. I am very confused.

Is there a rule of thumb of how much coverage a person should have? Would buying term insurance be more cost-effective when starting out on a career?

MY REPLY:

I hope that this FAQ will help you to make the right decision.