Where to buy Term Insurance?

I've bought insurance online at the NTUC Income website too. It was relatively easy, although it did take a while for the policy to be mailed.

I'm from an IFA, and I know even within the IFA spectrum, there are "ethical" and "not-so-ethical" (for the lack of a better word) agents.
For me, my practice is always letting clients make the informed choice. As in, let them know the pros and cons of the financial/investment tools they are going into. One example: http://www.waynekoh.com/2008/07/btitr-part2.html
Personally, I prefer a balanced mix of Whole-Life + BTITR.
That's why it's good to be in IFA, coz there are a variety of tools that we can mix & match, although it is impossible for us to know everything.

I used to work for one of the largest insurance companies in the world based in the UK, HK and Singapore.

Basically, insurance agents get their commission upfront. So if a customer is paying $500 per month for the next 20 years, I get the commission upfront for the next 20 years.

Whoever who cannot find any agent to sell you term, please email me at [email protected] stating your name, date of birth, sex, smoker or non-smoker follow by the amount of cover and years to cover. I will be able to provide you the lowest term cover you can find in Singapore beside group term insurance like the SAF, SAFRA or Civil Servant plan. - http://teaengpeng.blogspot.com

Oh by the way, you can also buy term directly at https://biznet.income.com.sg/Online/uiTerm/uiPOEMSForm.aspx

Just remember to put my name TEA ENG PENG before clicking on the calculate premium. :-)

I have done a comparison between SAF GTI and 2 other insurers' term plans, posted at http://www.waynekoh.com/2008/08/saf-group-term-insurance.html

SAF's may not be the best value for money.

hey have some pretty good ones that my friend referred. If you still need em, let me know.

Well, I am a strong supporter of term insurance
as term cost is low but it will meet the cost of living for a family for a good numbers of years.
if an agent do not wish to sell it then it must be for their own personal interests..as mentioned
earlier by a reader or a ex agent working for a
american company.
low commission..But my point is our stands and
our code of ethic is to place our client’s interests before ours…
if you do not have term insurance..it is definitely that you do not have enough money for
providing to meet your family obligation for a period long enough….if an agent only talk about their commision then they are putting their clients and their love ones at higher risk.
drop this agent and move on to another one..
before it is too late…..

the problem is that good agents don’t make much and will disappear in no time. it’s the same with all relationship managers, personal financial consultants in banks, and property agents. however the root cause is that singaporeans are mostly stupid, so unethical agents and even unethical monks can continue to exploit them. that’s why you see hello kitty queues and condo queues and they cry when the monk climbs buildings. ethical agents don’t last and they give up after losing a lot of business to the unethical ones. sometimes in this strange world the madoffs and ming yis are the winners for a long long time, long after you can sustain yourself with your miserable ethical commissions.

I personally know of agents that are ethical and lasted more than 20 years.
Not one or two but quite a handful of them.
Though they are rare but still there are some.
Why let the agent take control of your financial
security ? As a client , you dictate and take
control of what you want to achieve.
If an agent is not concern for your love ones when recomendation are made , then stop dealing
with them, why should you suffer and continue to make them rich and get away with it..
You buy insurance for the sake of your family and not for the agent’s family..