Singlife Elite Term II Review

Singlife Elite Term II is an affordable term life insurance plan for those who want flexibility.

Singlife Elite Term II is featured in our 5 Best Term Life Insurance in Singapore for 2024.

Singlife Elite Term II product details

• Non-participating policy – Term policy
• Insurance Coverage
  • Be covered against Death or Terminal Illness
  • Riders are available to cover you against Total and Permanent Disability, Early Critical Illness, and Critical Illness as well as to waive premiums should any of the above occur
• Policy Term; choose to be covered
  • 5, 10 years or
  • From every one-year interval from the 11th year until age 85 or
  • Until age 99
• Conversion Privilege
  • You can choose to convert this policy to an endowment or whole life plan should your needs change without any hassle of medical check-ups when you reach any of the 6 key milestones
• Automatic Renewal
  • Policy terms of 5 or 10 years are automatically renewable, regardless of your health condition
• Perpetual Discount 
  • Receive 30% perpetual discount  on premiums for the base plan and its eligible riders
    
    

Read About: 3 things to consider before taking up a new financial product

Features of Singlife Elite Term II at a glance

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

Health and Insurance Coverage
Death: Yes
Total Permanent Disability: Yes
Terminal Illness: Yes
Critical Illness: Yes
Early Critical Illness: Yes

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
TPD Advance Cover Plus III
CI Advance Cover Plus IV
MultiPay Critical Illness Cover IV
Early Critical Illness Cover II
Singlife Big 3 Critical Illness Cover
Critical Illness Premium Waiver II
Payer Critical Illness Premium Waiver II
Payer Premiums Waiver Benefit

Additional Features and Benefits
Yes.

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

Singlife Elite Term II may be suitable if you are looking for

Singlife Elite Term II may potentially be a good fit if the following matters to you:

• High Health and Protection coverage
• High insurance coverage for Death or Terminal Illness
• High insurance coverage for Early Critical Illness, Critical Illness, or Total Permanent Disability with riders
• Premium waiver riders to waive premiums should the unexpected happen
• Lower initial premium compared to other types of insurance policies
• Looking to boost insurance coverage or fill shortfalls in an insurance portfolio
  
  

Singlife Elite Term II may not suitable if you are looking for

Singlife Elite Term II may potentially be a bad fit if the following matters to you:

• Long-term cash accumulation
• Regular cash payout
• A one-time premium commitment with no further cash commitment
• Insurance policy with a surrender value.
  
  

Further considerations on Singlife Elite Term II

• How is Singlife or Singlife Elite Term II and claims based on past track record?
• How does Singlife Elite Term II compare with Term policies from other insurance companies?
• Can Singlife Elite Term II fulfill my financial, insurance, health, and protection needs?
  
  

The above information may not fully highlight all the product details and features of Singlife Elite Term II. Talk to us or seek advice from a financial adviser before making any decision about Singlife Elite Term II.

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

Read Also: No budget for financial planning?

Is Singlife Elite Term II suitable for me?