Singlife Legacy Indexed Universal Life
Singlife
Category
Universal Life
Coverage
Terminal Illness, Death
Coverage Term
Whole Life
Overview
Singlife Legacy Indexed Universal Life is a non-participating universal life plan denominated in United States Dollars (USD). This plan provides coverage on death and Terminal Illness, along with opportunities for wealth accumulation while offering protection from market downturn. Premium payments are flexible, subject to the premium requirements and limits. Index account offers option to choose between two index sub-accounts: S&P 500 Index Sub-account, and Nasdaq-100 Index Sub-account.
Key Features
- Policy size starts from USD 250,000 sum assured.
- Downside Protection with a 0% floor rate on index-linked gains
- Guaranteed 0.35% p.a. loyalty bonus from the 11th year onwards to boost long-term wealth.
- Option to switch life assured
Universal life plans are a type of life insurance that provide lifelong coverage while building cash value over time, with flexibility to adjust premiums and coverage within certain limits. There are various types of universal life plans, and they can be structured either mainly for protection needs or to generate potential income and wealth accumulation.
