Hi all. Im looking into universal life primarily for some protection for the Mrs and Child in case something happened to me. Basically to pay off the condo and car. They are asking 25k per 1 mill insured per year. This accumulates in an account whereby you can withdraw some funds after 10yrs.

Another 15k for health insurance on top.

Anyone know if this is any good or is there a better way to provide cover??

Thanks

36 yo healthy male. (fairly)

Edited November 12, 201015 yr by SoloFlyer

Sounds like one of those expensive Thai life insurance things where they try and do everything. Why not try the insurance sponsor of thaivisa

soloflyer

Perhaps a little more details would help others to help you figure out what is a reasonable decent amount of premium needed in your case.

Details such as, your current occupation, various ages of family members, geographical location, what is your expected amount of payout should something drastic happen to the insured.

Usually, the premium is calculated on the payoff amount and the length of time of insured, and the risks involved as perceived by the insurer, to mention a few.

Good luck.