In this article, I'd be sharing more on how you can use AXA HappyMummy plan for coverage that can be transferred to your baby.
How AXA HappyMummy works
AXA HappyMummy can be purchased from week 13. Product summary here.
It is a bundled plan which is AXA EmpoweredMum (for maternity) and either the AXA Life Treasure (whole life plan) or the AXA Flexi Protector (investment linked plan).
I'd be recommending to buy the AXA Life Treasure as a whole life plan has guaranteed surrender value and limited premium payment term.
As shown above, the KEY benefit is to transfer the life/TPD/CI/Early CI on the AXA Life Treasure from mummy to baby within 60days. This has similarities to the AIA Mum2Baby plan.
The maximum sum assured limit for transfer with no underwriting is $300,000.
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