Limited-Premium Whole Life vs Term Life Insurance

Limited-Premium Whole Life:

• Ideal for young individuals to get affordable premiums that often remain level and guaranteed throughout the payment term.

• Policy accumulates cash value over time, providing financial flexibility (i.e. retirement income, education expenses, or emergencies) through loans or withdrawals.

• With coverage remaining in force through limited premium payments, it appeals to those desiring predictable retirement expenses.‌

Term Life:

• Ideal for expatriates seeking extra protection in Singapore.

• Additional life coverage to support parents alongside a Whole Life plan.

• Offers essential protection for spouses or children, ensuring continued financial support for education or mortgage payments in the absence of the breadwinner.

• Offers the option to convert to permanent coverage without a medical exam, ensuring lifelong protection if circumstances change.

有限缴费终身寿险:

• 适合年轻人趁保费还相对较便宜时购买的保单，以维持其稳定的付款数额。

• 保单会随着时间累积现金价值，通过贷款或提款提供财务灵活性（例如用于退休、教育费用或紧急情况等）。

• 通过有限保费付款提供终身保障，适合那些希望在退休时有可预测支出的人。

定期寿险:

• 适合在新加坡寻求额外保障的外籍人士。

• 除了终身寿险计划外，为父母提供额外的人寿保险保障。

• 为配偶或子女提供基本保障，确保在家庭经济支柱离世后仍能支付教育费用或贷款。

• 提供无需进行体检而将保单转换为终身保障的选项，确保情况变化时能够获得终身保障。