Income TermLife Solitaire is a term insurance policy that caught my eye with the option to cover up to age 100 (last birthday). Coverage sum assured starts from $500k upwards and you can gain access to NTUC Income’s Solitaire Club’s range of privileges.
There are riders you can add to the plan to enhance the benefits. Since Total Permanent Disability (TPD) is not inbuilt in the basic policy, you can consider the Disability Accelerator rider which will accelerate the coverage sum assured upon the event. Disability Accelerator rider coverage is up to age 70.
Other riders that can be added include:
Some things to note. This post will get dated. And the product might not be available for new subscriptions at some point. Hopefully this serves as reference for future policyholders who have forgotten what they have taken up.
Income TermLife Solitaire may or may not fit into your financial plans. Understand that there is no best plan for all time, but there is a method to objectively facilitate your decisions. Read more about it here.