Singlife has launched Singlife Whole Life Choice, a customisable, participating whole life protection plan that offers customers the flexibility to take care of themselves and their loved ones through each life milestone.
The plan includes a Base Cover to provide lifelong protection and an additional cover of up to 400% of the base sum assured which lasts to selected ages of 65, 70, 75, 80 or 85. This cover for the chosen age gradually decreases by 12.5% each year over eight years.
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Moreover, this newly introduced step-down feature provides protection for an extended period, aligning with rising life expectancies to offer longer-lasting security for customers.
Benefits include:
- Unlock bonuses at key lif emoments;
- Support during retrenchment;
- Increase coverage at important milestones;
- Monthly payouts for retirement, and
- Add-ons for greater protection.
In addition, a supplementary benefit is offered with the launch of Singlife Whole Life Choice – the Early Critical Illness Premium Waiver. It waives future premiums of the policy when the policyholder is diagnosed with any of the covered Early, Intermediate and Severe Stage Critical Illnesses
to allow customers to focus on their recovery as their coverage is maintained without further financial strain.
Helen Shen, Group Head of Products, Singlife, said: “Whatever life brings, we are dedicated to help our customers walk through key milestones with confidence and peace of mind. Singlife Whole Life Choice offers more than just a safety net. It allows customers to customise coverage from loss of jobs to retirement and every major life change that one may experience. This empowers our customers with a versatile financial tool that ensures their loved ones are taken care of.”
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