How to Get Covered with 1 Million Life Insurance?
Life insurance is more than just a policy, it’s a powerful tool in financial planning. It ensures that no matter what life throws at you, your loved ones are protected, your financial goals are secured, and your legacy continues.
Why Life Insurance Matters in Your Financial Plan
Life is full of uncertainties. We work hard to build our savings, buy our dream home, and prepare for retirement, but what happens if life doesn’t go as planned?
Before we continue, it’s important to understand that an insurance policy may include:
- Hospitalisation & Surgery (Medical Card)
- Total Permanent Disability (TPD)
- Critical Illness (CI)
- Personal Accident (PA)
- Life Insurance – which only covers death
Many people mistakenly believe that their "all-in-one" policy covers everything, especially millions in death coverage. But in reality, most of the time that the ‘millions’ stated in their policy usually refer to the hospital and surgical annual or lifetime limits, not the death benefit.
Let’s continue with our topic.
Here are some real-life scenarios where life insurance makes a difference:
- If You Live Too Long
You may decide to sell your assets for retirement while keeping your life insurance for your next generation. This way, your wealth is preserved, and your loved ones inherit a debt-free legacy. - If Sudden Death Happens
Instead of leaving your family with loans and debts, your life insurance ensure they inherit a fully paid asset and have the financial means to maintain their lifestyle. - If You’re Still Building Wealth
Saving RM1,000,000 for retirement or education is possible, but it takes decades of effort. If death happens unexpectedly, your savings plan stops — but your life insurance instantly provides RM1,000,000 for your loved ones.
Why 1 Million Coverage is Now the Norm?
Before the pandemic, 1 million in life insurance coverage sounded like a luxury. But after COVID-19, many families realised how fragile life can be and how quickly expenses pile up when the main income earner is gone.
Today, 1 million coverage (or more) has become a realistic and responsible benchmark for protecting your family’s future.
Myth:
"If I Buy Life Insurance, I Won't Get My Money"
Today’s life insurance plans are much more advanced:
- If you face old-age disability, many policies will pay out a lump sum to support you while keeping your death coverage intact.
- If you decide you no longer want the policy, you can terminate it and still receive a cash payout that can be used for retirement.
- New-generation policies are multi-purpose, giving you both protection and financial value.
For the above features, we are referring to our Panel Insurer’s Product only.
Don’t be blinded by outdated information. The latest policy features give you comprehensive coverage and peace of mind, whether you pass away early, face disability, or live a long, healthy life.
So... How Much Does 1 Million Coverage Cost?
The surprising truth:
It’s not an expense, it’s creating value for money. Think of it as moving your funds from your left pocket to your right, you’re not losing money, you’re securing it.
Example:
- 40-year-old male, non-smoker
- Paying RM1,000 monthly for 10 years (RM120,000 total)
- Coverage: RM1,000,000
- Cash Value at Age 65: RM240,000++
- Break-even: Around the 10th year (your policy’s cash value equals what you’ve paid)
Why You Need Professional Advice
Buying life insurance isn’t about comparing with the cheapest price. It’s about tailoring a plan to your income, your commitments, and your goals.
A professional consultant will help you:
- Choose the right coverage amount for your family’s needs.
- Structure your policy for maximum benefits.
- Avoid overpaying for unnecessary extras.
It’s just like how a value meal at McDonald’s offers more value compared to ordering items à la carte.
Bottom line:
Getting covered with RM1,000,000 life insurance is not as difficult and costly as it sounds. With the right plan, you’re simply protecting your loved ones and creating lasting value without feeling the pinch in your daily budget.
Why This Matters
Choosing the right life insurance protection plan can mean the difference between your family keeping their home or struggling to repay the loan — and having to find ways to maintain their standard of living without you if something unexpected happens.
At MET Advisory, we tailor the insurance based your needs so you can make the best decision based on your liabilities, lifestyle, and financial goals.
Want to know which one suits you best?
Email us at enquiry@metadvisory.my or DM us on Instagram for a personalised consultation.
