Income Invest Flex (VS1)October 4, 2023
China Taiping i-CareNovember 29, 2023
FWD Life Protection boasts robust coverage and versatility for a whole life insurance plan. Protect your financial future from unanticipated events in life. Take advantage of the freedom to select a premium payment period of 5, 10, 15, 20, or 25 years. Extend your coverage by two, three, or five times with their Life Protection Booster.
Receive annual income payouts by converting up to 80% of your policy value, from as early as at 55 years old, to provide for your retirement
needs. Customize your payout term, from as short as 10 years or as long as up to age 100. The flexible income payouts allow you to stay confident when the unexpected hits.
The coverage is quite holistic to include retrenchment benefit, premium deferment option and the lifestage purchase option.
Optional riders (supplementary benefits) that you can add to enhance your plan include FWD Early CI protection rider, FWD CI protection rider as well as premium waiving riders.
Do take note of the following. 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.
FWD Life Protection 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.
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