Etiqa Essential whole life cover Review

Etiqa Essential whole life cover is a whole life plan that offers coverage up to 4x the Sum Assured against Death, TPD, and TI with a premium payment term over 5, 10, 15 or 20 years.

Etiqa Essential whole life cover product details

• Life policy – Whole Life Policy
• Option to increase coverage at key milestones without medical checks
• Lifetime Coverage
  • Be protected 100% of Sum Assured against Death, Total and Permanent Disability, and Terminal Illness
  • If needed, select a multiplier coverage 2x, 3x or 4x of Sum Assured which multiplies your coverage till age 65 or 80
  • Choose to pay premiums over 5, 10, 15 or 20 years
• Yearly Payouts
  • From the age of 65, you can choose to start receiving yearly income to supplement your retirement for 10 years
• Riders available to cover Early Critical Illness, Critical Illness, and premium waivers
  
  

Read About: Whole Life Policy: How does it work?

In-depth Review: 3 Best Whole Life Plans in Singapore for Insurance Coverages (Updated)

Features of Etiqa Essential whole life cover at a glance

Cash and Cash Withdrawal Benefits
Cash value: Yes
Cash withdrawal benefits: No

Health and Insurance Coverage
Death: Yes
Total Permanent Disability: Yes
Terminal Illness: Yes
Critical Illness: No (Yes with rider)
Early Critical Illness: No (Yes with rider)

Health and Insurance Coverage Multiplier
Death: No
Total Permanent Disability: No
Terminal Illness: No
Critical Illness: No
Early Critical Illness: No

Optional Add-on Riders
Early CI protection rider
CI protection rider
Extra secure waiver
Extra payer waiver

Additional Features and Benefits
Yes.

For further information and details, refer to Etiqa website. Alternatively, fill up the form below and let us advise accordingly.

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Etiqa Essential whole life cover may be suitable if you are looking for

Etiqa Essential whole life cover may potentially be a good fit if the following matters to you:

• High protection for Death. Total and Permanent Disability, and Terminal Illness coverage
• High Early Critical Illness, Critical Illness coverage in an Insurance Policy with riders
• Health and Protection coverage due to a shortfall in your Insurance Portfolio
• Accumulating cash value in the policy for financial returns in the long-term
• Paying premiums only for a limited number of years and enjoying coverage for a lifetime
  
  

Read About: How much insurance coverage do you really need in Singapore (Updated)

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Etiqa Essential whole life cover may not be suitable if you are looking for

Etiqa Essential whole life cover may potentially be a bad fit if the following matters to you:

• Liquidity or flexibility of withdrawal in your insurance policy
• Access to cash from your policy on a regular basis
• Insurance policy with a high surrender value in the early years of the policy
• Potentially higher financial returns compared to a pure investment product
  
  

In-depth Review: 3 Best Endowment Savings Plans in Singapore with Lifetime Wealth Accumulation (Updated)

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Further considerations on Etiqa Essential whole life cover

• How are the investment returns of Etiqa or Etiqa Essential whole life cover based on historical performance?
• How good is Etiqa Essential whole life cover compared to Whole Life Policy from other insurance companies?
• Can Etiqa Essential whole life cover fulfill my financial insurance, health, and protection needs?
  
  

The above information may not fully highlight all the product details and features on Etiqa Essential whole life cover. Talk to us or seek advice from a financial adviser before making any decision about Etiqa Essential whole life.

Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering taking up.

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Is Etiqa Essential whole life cover suitable for me?