Moneyline Singapore compares over 15 life insurance companies to get you the best whole life insurance plan in Singapore.…
AXA’s whole life insurance has rarely feature as one of the best whole life insurance plan in the market, but currently that might differ. The New AXA Whole Life Insurance has One of the longest multiplier durations (Up to age 80) as well as one of the greatest numbers of Critical Illnesses (CI). On top of that, there is additional payout for Critical Illnesses (50%) for 6 most common Total Permanent Disability (TPD) payout upon 2 out of 6 adl, is making it remarkable
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Have the choice to choose from 10, 15, 20, 25 and 30 with monthly, quarterly, semi-annual or annual payment mode.
Premium starts at $25,000, allowing more flexible budget planning, especially when you pair it with the high multiplier available.
On the following life milestone event, there is an option to boost your coverage with no medical check-up (GIO) required.
Life stage events include when the Life Assured gone through the following:
*Subjected to 100% of the coverage of 300,000 multiiplied coverage whichever is lower
This is a good feature because if the Life Assured’s existing AXA Whole Life plan has an eligible CI rider, you have the choice to include the CI riders in the new GIO policy that doesn’t require any medical underwriting, this includes Early Critical Illness Rider.
One of the few rare life insurance plans in the market that provides payout upon the inability of the insured to do 2 out of 6 activities of daily living (ADLs), coverage is applicable between 16 – 70 years old of the life insured
Receive up to 10x additional Sum Assured dependent on the multiplier you select. E.g. if you select 2x multiplier, you will receive additional 4x of the sum assured upon Accidental Death, if 5x multiplier you will receive additional 10x sum assured upon Accidental Death.
A Total of 162 CIs, including:
Axa Whole Life Plan will pay an additional 50% of the original CI Sum Assured for these top 5 common advance stage CIs:
The “Original CI Sum Assured” means the Sum Assured of the Early CI Benefit II rider at the time of inception. This will not change even if there were claims made previously.
There are many other whole life insurance plans in the market and we have identified the best 4 whole life insurance plans for your reference and AXA is one of them.
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