China Life Multiplier Guardian Series

China Life Whole Life Guardian gives you Lifetime coverage for Death, Total and Permanent Disability, Terminal Illness, and 38 Critical Illnesses. Multiply coverage by 2, 3, or 4 times till age 88.

Flexible premium payment terms. Non-guaranteed bonuses. Guaranteed level premiums. Milestone Privilege for coverage increase without medical checks. Retrenchment Benefit. Yearly retirement income option from age 55.

China Life Whole Life Guardian product details

• Life policy – Whole Life Policy
• Insurance Coverage – Lifetime coverage with multiplied coverage
  • Receive coverage against Death, Total and Permanent Disability, Terminal Illness and 38 Critical Illnesses the sum assured plus any non-guaranteed bonus
  • Multiply your coverage by 2, 3 or 4 times the sum assured up till age 88
• Flexible Premium Payment Terms
  • You can choose to pay premiums over 5, 10, 15, 20 or 25 years for lifetime coverage (age 100)
• Non-Guaranteed Bonus
  • Starting from the end of  the 3rd policy year, enjoy potential yearly revisionary bonus
• Guaranteed Level Premiums
  • Enjoy level premiums that do not increase as you age
• Milestone Privilege
  • Option to increase your insurance coverage without medical checks during a life milestone
  • Life milestones are the first marriage of the life insured, graduation from tertiary education, having a newborn or adopting a child, and purchase of a new home or commercial property
• Retrenchment Benefit
  • If you become retrenched, you can opt to defer premium payment for China Life Multiplier Guardian Series for up to 365 days
• Yearly Retirement Income Option – Upon reaching age 55 or at the end of the premium term (whichever is later)
  • You can choose to receive 5 to 15 yearly retirement income at your chosen retirement age of 55 to 70
• Additional Coverage Riders
  • China Life Enhanced Payer Benefit Rider
    • All future premiums are waived in the event of Death,  Total and Permanent Disability, or diagnosis of any of the 36 advanced stage critical illness
  • China Life Payer Benefit Rider
    • All future premiums are waived in the event of Death, Total and Permanent Disability or Terminal Illness
  • China Life Premium Waiver Raider
    • All future premiums are waived in the event of Death, Total and Permanent Disability or diagnosis of any of the 36 critical illnesses of the life insured
      
      

Read More: 3 Best Whole Life Insurance in Singapore (Updated)

Features of China Life Multiplier Guardian Series at a glance

Refer to below for a simplified overview of China Life Multiplier Guardian Series:

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
Early Critical Illness: No

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
China Life Enhanced Payer Benefit Rider
China Life Payer Benefit Rider
China Life Premium Waiver Raider

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

China Life Multiplier Guardian Series may be suitable if you are looking for

China Life Multiplier Guardian Series 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?

China Life Multiplier Guardian Series may not be suitable if you are looking for

China Life Multiplier Guardian Series 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 China Life Multiplier Guardian Series

• How is China Life or China Life Multiplier Guardian Series investment returns based on historical performance?
• How does China Life Multiplier Guardian Series compare with Whole Life Policies from other insurance companies?
• Can China Life Multiplier Guardian Series 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 China Life Multiplier Guardian Series.

Talk to us or seek advice from a financial adviser before making any decision about China Life Multiplier Guardian Series.

Read About: Where do you start with financial planning?

Is China Life Multiplier Guardian Series suitable for you?