China Taiping i-CashLife can help you contractually bind the insurer to the rest of your life (Whole Life) with only 5 or 10 years of premiums.
If you are worried about servicing the policy through the years, limited premium plans such as this can help. Your premium commitment is only limited to those tenures (choose 5 or 10) and once you finish paying up, start collecting the Guaranteed Yearly Cashback (GYC).
Some things to note. This review 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.
There can be shifts in planning narratives over time. For example, limited premium tenures gain popularity over the years because people are less confident of their future earning capacity or sustainability of income levels. Regular payout features gained popularity when more and more people are in tune with the FIRE (Financial independence retire early) movement. An extended period of low interest rates brought down insurance products’ returns yield for policy holders, but now in a rising interest rates environment, things are set to change.
China Taiping i-CashLife 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.