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China Taiping i-Assure 99 solves a term-to-99 life insurance pain point. The plan accumulates cash value but does not participate in the life insurer’s par fund. Ordinarily, the term-to-99 life insurance plan will not accumulate a cash value from all the years of premium payment. With China Taiping i-Assure 99, you can receive a longevity benefit upon age 99.
That said, I must still qualify that a term-to-99 insurance plan will cost less than a non-par whole life.
So get 100% of your sum assured in the event of Death and Total and Permanent Disability before age 99 with China Taiping i-Assure 99 and select your preferred premium payment term – to age 65 or to age 99.
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-Assure 99 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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