Term Life Insurance


Main Highlights:

  • Lump sum payout
  • Portable
  • Inexpensive
  • Ability to Cancel or reduce payout sum at any time.

Term Life insurance plans offer expats in Singapore a financial safety net for your family in case the unforeseen should happen. A Term Life insurance plan gives you the flexibility to select the term duration and amount of coverage (i.e.: $5m for 20 Years), and can be amended or modified during as you progress through the different phases in your life. For expats in Singapore, this can provide essential security in times of uncertainty and transitional periods. If you would like to ask any questions about this, call us today to have chat.

Term Life insurance premiums are generally paid monthly or annually, in return for a guaranteed lump sum payout in the event that death or terminal illness occurs within the contract term. There is the added flexibility of increasing protection against a critical illness and/or a permanent disability to complement the life cover. This can be done by purchasing an added extra or a ‘rider’ that is in addition to your current Term Life Insurance plan. Ask us any questions about this ad we will happily help.

A Term Life Insurance policy does not accumulate any cash value, and is classified as a pure protection tool. This means that there is no surrender value to the policy, which allows for premiums to be highly affordable. You can also purchase expat Term Life Insurance plans that will follow you onto your next overseas posting as well. The younger you are when you purchase a term life insurance plab, the lower your premiums will remain for life. Give us a call today to discuss this further.

Have a chat with us by sending us a message and we can help you to understand your Life Insurance options and make sure you have the cover you need.