
Name of plan |
TermLife Plus |
ManuProtect Term II |
iTERM |
Termlife Solitaire |
TM Term Assure II |
Insurer |
FWD Insurance |
Manulife |
NTUC Income |
NTUC Income |
Tokio Marine |
Entry age |
Age 18 to 60 ALB |
Age 0 to 70 |
Up to age 79 ALB |
Age 18 to 74 ALB. |
Age 21 to 99 ANB |
Coverage levels |
From $50,000 to $1,500,000 |
From $75,000 to $20,000,000 |
From $10,000 to $499,999 |
From $500,000 to $20,000,000 |
From $100,000 to $100,000,000 |
Policy term |
Yearly renewable or up to age 70 |
5 to 40 years, or up to age 65, 75 or 85 |
5, 10, 15, 20, 25, 30, 35, or up to age 54, 64, or 74 ALB |
10, 15, 20, 25, 30, 35, 40 or up to age 54, 64, 74, or 100 ALB |
5, 10 or up to age 85 |
Renewability |
Guaranteed renewal up to age 100 for yearly renewable plans. |
Guaranteed renewal up to age 85 for policy terms of 5 or 10 years. |
Guaranteed renewal with coverage up to a maximum age of 84 ALB. |
Guaranteed renewal up to age 100 ALB. |
Guaranteed renewal up to age 85 for policy terms of 5 or 10 years. |
Convertibility |
Not convertible |
Yes, option to convert to another regular-premium life insurance plan at same sum assured. Privilege must be exercised before the age of 65. |
Not convertible |
Not convertible |
Yes, option to convert to another regular-premium whole life or endowment insurance plan at same sum assured. |
Premium frequency |
Monthly, yearly |
Monthly, quarterly, half-yearly, yearly |
Monthly, quarterly, half-yearly, yearly |
Monthly, quarterly, half-yearly, yearly |
Monthly, quarterly, half-yearly, yearly |
Premium payment method |
Regular premium |
Regular premium |
Regular premium |
Regular premium |
Regular premium |
Payment method |
Cash only |
Cash only |
Cash only |
Cash only |
Cash only |
Base plan covers for |
Death |
Death and Terminal Illness (TI) |
Death, Terminal Illness (TI) or Total Permanent Disability (TPD before age 70) |
Death and Terminal Illness (TI) |
Death, Terminal Illness (TI) or Total Permanent Disability (TPD before age 85) |
Optional riders |
Total Permanent Disability, Critical illness, Waiver of Premium |
Critical Care Enhancer Rider (II), Accidental Death Benefit, Total and Permanent Disability Plus Rider (II), Critical Care Waiver Rider (II), Early Critical Care Waiver Rider |
Dread Disease Premium Waiver, Total Protect,Essential Protect,Hospital CashAid |
Disability Accelerator, Dread Disease Accelerator, Dread Disease Premium Waiver, Total Protect,Hospital CashAid |
Critical Illness Accelerator, Early Critical Illness Accelerator, Waiver of Premium, Protect 1 Lite |
Additional benefits |
Spouse coverage (In the event of your death, your spouse is eligible for term life cover of up to $250,000 for 1 year.) |
Quit Smoking Incentive (Smokers enjoy lower non-smoker premium rates for the first 3 policy years, and can continue to do so if they quit within the first 3 policy years). |
- |
Complimentary one-time medical concierge service with a minimum sum assured of $3 million application. |
Guaranteed insurability for additional insurance at four milestones |
Direct online purchase |
Yes |
No |
No |
No |
No |
Ongoing promotions |
- |
- |
- |
- |
For smokers: Manulife ManuProtect Term II
Featuring a Quit Smoking Incentive, Manulife allows smokers to enjoy the same premium rates as non-smokers for the first 3 policy years. If you manage to quit smoking within the first 3 policy years, you may then continue to enjoy these lower premium rates for the rest of your policy term.
Profile: Age 30 male, for $500,000 sum assured, fixed term to age 65
FWD TermLife Plus |
Manulife ManuProtect Term II |
NTUC Termlife Solitaire |
Tokio Marine TM Term Assure II |
|
Non-smoker |
$381 |
$534 |
$455 |
$458 |
Smoker |
$717 |
$534 |
$871 |
$773 |
Premiums are rounded down to the nearest whole number. Accurate as of 2 November 2021 with changes subjected to the insurer's discretion.
For the option to convert your term plan: Manulife ManuProtect Term II and Tokio Marine TM Assure II
Both ManuProtect Term II and TM Term Assure II offers the option to convert your existing term plan to another regular-premium life insurance plan. This allows you the flexibility should you want to switch to a whole life or endowment plan in future. Do note that the new plan must have the same sum assured amount as the existing term plan in order to be eligible for this conversion.
For affordable, direct purchase term insurance: FWD Term Life Plus
From just $381 a year for $500,000 life coverage^, FWD Term Life Plus is an affordable option for individuals who are looking for low-cost life insurance.
Profile: Non-smoker male with no pre-existing health conditions. Annual premiums calculated for $500,000 sum assured for a fixed term up to age 65.
FWD TermLife Plus |
Manulife ManuProtect Term II |
NTUC Termlife Solitaire |
Tokio Marine TM Term Assure II |
|
Age 30 |
$381 |
$534 |
$455 |
$458 |
Age 40 |
$592 |
$689 |
$767 |
$715 |
Age 50 |
$1080 |
$1220 |
$1292 |
$1298 |
Premiums are rounded down to the nearest whole number. Accurate as of 2 November 2021 with changes subjected to the insurer's discretion.
Additionally, FWD Term Life Plus can easily be purchased online with the entire application process simple and fuss-free. All you have to do is to just answer four questions (gender, smoking status, age, and coverage amount) to get a quote. A health checkup is also not required to purchase FWD Term Life Plus. Like other FWD plans, all you need to do is to just answer a few questions, and you may purchase coverage of up to $1.5 million if you are eligible to purchase.
**Promotion**
Enjoy preferential rates on your FWD Term Life Plus when you purchase with promo code "IFAST".
For guaranteed renewable coverage to an older age: FWD Term Life Plus and NTUC Termlife Solitaire
While most term plans only are only guaranteed renewable up to the age of 85, both FWD Term Life Plus and NTUC TermLife Solitaire plans offers guaranteed renewable coverage up to the age of 100. This allows you the option to get covered to an older age should you wish to do so.
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^ Profile: Coverage for a 30 year old non-smoker male.
Available Products on FSMOne Insurance |
Term Life, Whole Life, Critical Illness, Annuity, Health, Endowment, General Insurance (Personal and Commercial) from AIG, Allianz, Chubb, Etiqa Insurance, FWD Insurance, Great Eastern, Manulife, NTUC Income, QBE, Sompo and Tokio Marine Life Insurance *Please check with our advisory team if the product you want is available on FSMOne Insurance |
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