To ans your qns....
1. Frankly speaking, there is no such thing as 'best packages' in
the market as the financial insitutions will revise their products
every now and then to remain competitive in the market.
The main concern is that every individual have different needs at
different stages of his life. For example, for young people, total
and permanent
disability (TPD) cover may be important, but as we grow older, the
important issue will be the cost of major illness and long term
care as the chances of getting ill usually increases with age. It
will be important to get a Critical illness cover by getting a
whole life plans such Whole Life Insurance plans may be
complemented by Term Insurance plans to give you higher coverage
when your need for coverage against disability is higher in your
younger days and lower coverage in the later years of your life. It
is advisable to consult a competent advisor to help you construct a
plan that fit your specific needs and goals, also taking into
account not only your current financial situations but also your
future plans and needs. Insurance is just a means to transfer the
risk (natural death or un-natural death like the recent case of
tsunami, cost of Major illness...etc) to another party. It is to
protect your loved ones against sudden financial burden when you
are 'away' or not able to receive an income for a long period of
time.
2. You might be able to get a brief intro of the plans at the
different financial insitutions' websites but it is impossible to
get the details of the plan except thru the advisors.
3. Term plan is just a complement to the basic plans. As it does
not have any cash value, it is made very affordable to the public.
For example, depending on my current financial situation, I've a 50
bucks term plan for a cover of 1/2 a million. For your case, the
cost may be very much depended on your current financial profile,
age and health status (also for the basic plan). As a general
guide, mortality cost (insurance) will be cheaper when you are
young and expensive when you are old.
4. Currently, I'm attached to one of the largest financial
insititution.
I hope I have ans your quries....
