Tokio Marine Life Insurance revised its highly popular TM Legacy Plus from 14 October 2011. It’s a whole life insurance plan with a Minimum Benefit payable by entry age. Beyond a prescribed age, the payout will be only the basic sum assured together with attaching bonuses (reversionary and terminal).

Some quick observations
1. The Minimum Death Benefit is adjusted upwards across all age groups.
    Entry Age (nx b’day)            MDB multiplier
            1-31                               2.50
            32-34                             2.40
            35-39                             2.30
            40-44                             2.00
            45-49                             1.75
            50 and above                  1.45

2. Instead of up to age 65, the Minimum Death Benefit is extended to age 70. This applies to the Critical Illness accelerated rider as well.

3. Guaranteed cash value is somewhat reduced as compared to its version prior 14 Oct 2011.

4. More emphasis is now placed on the Total Cash Value, where the Terminal …