You want to have the benefits of a term insurance yet you do not want to pay for the term period?
We have a GOOD NEWS for you!
You could choose to pay for limited number of years and the policy term stretches to longer than your premium payment term.
How Does It Work?
For the policy to work, you need to be at least 21 years old and above.
You have an option to choose both the policy term and policy premium term. What is the difference?
Policy term is the duration of the policy coverage period. For the policy premium term, it is the number of years the insured needs to pay for the premium, usually in years. E.g. You are buying a policy and pays for 5 years but the policy coverage will insure you for 50 years.
Features of the Policy
You could choose the following:
The policy payment term between 5 – 79 years.
The policy term is between 10-79 years.
What Are The Facts To Help You In Decision-Making?
When a person wants to insure for 50 years of $1 million coverage, an example would be the person’s total premium could be $300,000.
So when the person shorten the premium term, e.g. 5 years, the monthly or annually amount could be very high to finish paying for the total premiums.
What Are Our Advices?
We strongly encourage you to meet with a competent financial consultant to understand your budget and time horizon. He or she would design a suitable plan for your financial planning needs.
You may contact us and our friendly and knowledgable Financialogist would assist you.
Financialogy aim to empower you to be a victorious financial planner.
We equipped you with the knowledge so that you can make an informed decision for your financial planning goals.
However, if you would like a competent financial consultant to assist you in your financial goals, feel free to connect with us so that we can value add into you and your family.
If you are looking for any insurance products, we offer many solutions like mortgage insurance, life insurance, universal life insurance, whole life insurance, endowment plans, early stage critical illness insurance, health insurance and more.
Want To Know More About Limited Payment Term Insurance?
If you would like to know more about limited payment term life insurance, you may contact us at (+65) 9380 2839 or you can click on the button below to enquire about the different financial services that we provide.
Get Free Quotation
Products & Services
- Life Insurance
- Term Insurance
- Health Insurance
- Keyman Insurance
- Mortgage Insurance
- Whole Life Insurance
- Endowment Insurance
- Critical Illness Insurance
- Hospitalisation Insurance
- Early Stage Critical Illness Insurance
We are a licensed and certified Financialogist in Singapore that provides a comprehensive financial planning solutions to meet all your financial and insurance protection needs.
Address: 47 Scotts Road, Goldbell Towers, Singapore 228233
Contact Number: +65 9380 2839
Comparing between Housing Development Board (HDB)'s Home Protection Scheme (HPS) and private mortgage insurance offered by private insurers? We will provide you with the advantages and disadvantages of purchasing a mortgage insurance with private insurers....read more
Wishing our clients a Happy Lunar New Year! 2018 was a progressive year for Financialogy SG and we have reached more than 1,000 unique monthly visitors! We would continue to grow and serve you in your financial planning journey. Let's have a great year...read more