Insurance

Comparing Whole Life Policies

Looking for a whole life policy but don’t know where to start searching? Let us help with our comparison table on whole life policies.

  • iFAST Insurance Team
  • |
  • Published on 08 Feb 2018

LifeReady
VivoLife
TM Legacy Lifeflex
Senior Policy*
ReadyIncome
ManuSignature One
Insurer
Manulife
NTUC Income
Tokio Marine
NTUC Income
Manulife
Manulife
Coverage
Death, Terminal Illness (TI) and Total Permanent Disability (TPD to age 70)
Before age 70: Death, diagnosis of dread disease (advanced CI), Total permanent disability (TPD), accidental death + Terminal illness (TI)
On or after age 70: death, diagnosis of dread disease
Death, Terminal Illness (TI) and Total Permanent Disability (TPD to age 70)
Death and Total Permanent Disability (TPD to age 70)
Death and Terminal Illness (TI)
Option of either death, Terminal Illness (TI) and Total Permanent Disability (TPD to age 70) or Death and Terminal illness (TI)
Premium Payment Term
10, 15, 20 or 25 years or up to age 99
5, 10, 15, 20 or 25 years or up to age 64 or 84 ALB
10,15,20 or 25 years
10 years payment for lifetime coverage
5, 10, 15, 20 years
Single premium
Enhanced Protection
Multiply your protection up to 5X before age 70
Up to 200% sum assured on top of death benefit in case of accidental death
3 levels of enhanced protection: 125/180/350% of sum assured before age 70
Up to 10X before age 65
-
-
Minimum protection benefit (MPB) offers up to 300% of SA for death protection
Benefits
Health Advantage - premium discount for good health
Option to upgrade coverage at 4 life milestones with no medical questions asked
Retrenchment benefit - choose not to pay premiums for up to 6 months if retrenched and unable to find employment for 3 continuous months
Retirement income - option to convert policy to annuity plan from your 60th birthday onwards for an extra 5% of its cash value
Smokers can enjoy the same premium rates as non-smokers
Income for life from age 65 onwards
Wellness benefits (only offered with EarlyCare Rider) - S$100 every 2 years regardless of any prior claims
Guaranteed acceptance if not hospitalised for past 12 months from application date
No medical examination
Protect your golden years
Guaranteed yearly income from end of second policy year
Policy can be transferred to your child when he/she reaches age 18
Premiums waived upon TPD of life insured
Maturity benefit - lump sum paid out upon reaching age 99 (105% of premiums paid, non-guaranteed maturity bonus and any yearly income)
Guaranteed acceptance with no medical check-up required
Guaranteed cash value of 80% from day one of policy
Participating Plan
Yes
Yes
Yes
Yes
Yes
Yes

*Entry age for policy is from 49 to 69 years old and the individual can be insured for up to S$15,000 of sum assured.

For smokers: VivoLife

Enjoy same premium rates as non-smokers for your base plan.

For those considering retirement: Vivolife or TM Legacy Lifeflex or ReadyIncome

These policies offer the option of receiving additional income which could help with your retirement planning.

For flexibility: LifeReady

Receive the option to upgrade your coverage at 4 life stages with no questions asked.

How FSMOne can help you get on track

Our team of friendly advisers are able to help you review your financial objectives, long term commitments, and offer you investment and insurance advice specific to your needs. If you would like assistance in reviewing your financial and protection portfolio, or simply to get a quote for an insurance plan,

Contact Our Advisors Here >

Available Products on FSMOne Insurance

Term Life, Whole Life, Critical Illness, Annuity, Health, Endowment


from Manulife, NTUC Income and Tokio Marine Life Insurance


*Please check with our advisory team if the product you want is available on FSMOne Insurance


Interested to learn more? Check out these articles:

Here's How Money Can Buy You Happiness

Comparing Term Life Policies

Want An Early Retirement? Find Out How Much It Costs

Can You Really Afford A Condominium By 30?

The 3 Best Policies For Every Life Stage

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