Life Insurance

[SamSaraburi]

Hello, can anyone recommend life insurance?

Im 53.

I have health insurance through my work so don’t need that.

Something like pay x baht a month and the value increases if I live to 70 I get a lump sum.

if I die at 55 or 65, my wife gets at least 10 million baht. I have only asthma and diabetes history but not serious.

[Moonlover]

Perhaps addressing your query to an insurance broker might prove a little more productive.

[Etaoin Shrdlu]

What citizenship do you have?

[jwest10]

20 hours ago, SamSaraburi said:

Hello, can anyone recommend life insurance?

Im 53.

I have health insurance through my work so don’t need that.

Something like pay x baht a month and the value increases if I live to 70 I get a lump sum.

if I die at 55 or 65, my wife gets at least 10 million baht. I have only asthma and diabetes history but not serious.

Good luck with that and a lump sum????

[mogandave]

Krunsri has some insurance vehicles.

[Moonlover]

1 hour ago, jwest10 said:

Good luck with that and a lump sum????

Isn't that exactly what life assurance policies DO provide?

[SamSaraburi]

9 hours ago, jwest10 said:

Good luck with that and a lump sum????

Why

[SamSaraburi]

11 hours ago, Etaoin Shrdlu said:

What citizenship do you have?

Brithish and Australian

[Liverpool Lou]

8 hours ago, Moonlover said:

9 hours ago, jwest10 said:

Good luck with that and a lump sum????

Isn't that exactly what life assurance policies DO provide?

Yes, but the OP was asking about life insurance, which is a policy that generally only pays out on the insured's death, not life assurance that has an investment aspect that can pay out at the end of the policy term, not just on death.

[Liverpool Lou]

On 6/2/2025 at 6:01 PM, SamSaraburi said:

Something like pay x baht a month and the value increases if I live to 70 I get a lump sum.

if I die at 55 or 65, my wife gets at least 10 million baht.

You're referring to a life assurance policy to age 70 with a death benefit of B10m+ and, as someone else has posted, you need to speak to a broker who can advise about different providers, costs and benefits.

[Etaoin Shrdlu]

7 hours ago, SamSaraburi said:

Brithish and Australian

 

OK. Then you should not have the same issues that Americans have with respect to whole life policies. There are potential tax and reporting implications and some Thai insurers won't sell certain life products to Americans.

 

Good luck.

[Moonlover]

10 hours ago, Liverpool Lou said:

Yes, but the OP was asking about life insurance, which is a policy that generally only pays out on the insured's death, not life assurance that has an investment aspect that can pay out at the end of the policy term, not just on death.

No you're wrong. Read his post again. The O/P said: 

 

'Something like pay x baht a month and the value increases if I live to 70 I get a lump sum.

if I die at 55 or 65, my wife gets at least 10 million baht'. 

 

That's what I know as an endowment policy and they are a popular savings vehicle here in Thailand. The O/P, as I've already suggested should contact a reputable insurance broker who can assess his needs and make recommendations.