Term life insurance

[SlyouThai]

Hi all , im 36 , living in Thailand and have a 50/50 kid.

 

Im interested in Term life insurance , just the simple thing , no investment or getting back money after xx years <deleted>. I die my son get the cash , i dont i dont get anything.

 

Does anyone have experience with this ?

 

I found this article https://www.thethailandlife.com/10-life-insurance-thailand

wich look like an add more than anything so very suspicous but...

 

He talks about different things like its not really a good idea to get it with a local thai company and  You need to make sure you discuss all the details and possibilities with an English-speaking IFA

 

I currently have health insurance with " ThaiLife " company. They paid me everything so far i claimed ( appendicitis 2 weeks after registration... 170K ) and i have nothing bad to say about them.

 

I received a quote from them for 20 years term life insurance.

 

39450 baths a year for 5M coverage.  How does this price looks like to you ? looks very big compared to exemple i got from wester websites.

 

https://www.valuepenguin.com/average-cost-life-insurance

 

here for exemple its about the same price but 500 000 USD death benefit

 

 i didnt get the full contract yet just a simple exemple quote.

 

I will ask a quote for 10 years as i dont know where i may be in ten years. A term life insurance is the best option in my case ? just wanna make sure my son get something should i die as i dont have any assets in Thailand

 

Any advices etc you guys could have ? thanks in advance.

[SlyouThai]

second quotation for 10 years : 31900 thb