Mortality charge under a ILP

Dear Mr. Tan,

I have $300,000 coverage under an investment-linked plan. The mortality charges are about the same as for a Term insurance policy from the same company. Should I continue with the coverage under this policy?

Reply:

You can ask for a quotation on Term insurance (based on your current age and remaining duration) from a few other companies and compare it with the mortality charge that your current policy.

If the difference in premium is quite small, you should continue with the coverage under your policy. If the difference is large, then you can consider making a switch.

Read this FAQ:
http://www.tankinlian.com/faq/termd.html