Singlife Whole Life Choice Review

Singlife Whole Life Choice is a customisable, comprehensive plan offering lifelong protection with dual coverage components.

Singlife Whole Life Choice product details

Singlife Whole Life Choice is an upgraded version of Singlife Whole Life, and retains all the features and benefits of Singlife Whole Life with added benefits and options at competitive pricing.

Read About: 3 Best Whole Life Plan in Singapore for Insurance Coverage (Updated)

• Life policy – Whole Life Policy
• Insurance Coverage
  • Be covered against Death and Terminal Illness
  • Be covered against Total and Permanent Disability, Early Critical Illness, and Critical Illness with the available riders
• Coverage Multiplier Benefit
  • You can choose to boost your coverage 2 to 5X of the Sum Assured to ensure you are well covered should the unexpected happen
  • You can choose for your multiplier coverage to last up till age 65, 70, 75, 80 or 85
  • Mulitplied coverage gradually decreases by 12.5% each year over 8 years
• Flexible Premium Term
  • You can choose to pay premiums over 10, 15, 20, 25 years or up till age 65
• Unlock bonuses at key life moments
  • Make withdrawals during key life stages without charges
• Retrenchment Benefit
  • Premiums will be waived for a year in the event you lose your job
• Increase your coverage
  • Increase your coverage at important life stages without additional health checks
• Income Payout Option
  • Choose to receive monthly income up to age 99
    
    

Features of Singlife Whole Life Choice at a glance

Cash and Cash Withdrawal Benefits
Cash value: Yes
Cash withdrawal benefits: Yes

Health and Insurance Coverage
Death: Yes
Total Permanent Disability: Yes (With added riders)
Terminal Illness: Yes
Critical Illness: Yes (With added riders)
Early Critical Illness: Yes (With added riders)

Health and Insurance Coverage Multiplier
Death: Yes (With Multiplier rider)
Total Permanent Disability: Yes (With added riders)
Terminal Illness: Yes (With added riders)
Critical Illness: Yes (With added riders)
Early Critical Illness: Yes (With added riders)

Optional Add-on Riders
Total and Permanent Disability Advance Cover V
Critical Illness Advance Cover VI
Early Critical Illness Advance Cover VI
Critical Illness Premium Waiver II
Payer Critical Illness Premium Waiver
Payer Premium Waiver Benefit

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

Singlife Whole Life Choice may be suitable if you are looking for

Singlife Whole Life Choice may potentially be a good fit if the following matters to you:

• Higher protection for Death and Terminal Illness coverage at an affordable premium.
• Highest Early Critical Illness, Critical Illness, and Total Permanent Disability coverage in an Insurance Policy.
• 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)

In-depth Review: Term life vs Whole life – Which is better for you?

Singlife Whole Life Choice may not be suitable if you are looking for

Singlife Whole Life Choice 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.
  
  

For pure insurance savings or investment plans, please refer to the following policy reviews:

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

In-depth Review: 6 Best Investment Linked Policies in Singapore for Wealth Accumulation (Updated)

Further considerations on Singlife Whole Life Choice

• How is Singlife or Singlife Whole Life Choice investment returns based on historical performance?
• How does Singlife Whole Life Choice compare with Whole Life Policies from other insurance companies?
• Can Singlife Whole Life Choice fulfill my financial insurance, health, and protection needs?
• How does the multiple claims rider for various stages of Critical Illnesses work?
  
  

The above information may not fully highlight all the product details and features on Singlife Whole Life Choice.

Talk to us or seek advice from a financial adviser before making any decision about Singlife Whole Life Choice.

Read About: Where do you start with financial planning?

Is Singlife Whole Life Choice suitable for you?