Let’s be honest, getting insurance is not easy business with its complicated jargon. Unfortunately, life is unpredictable. So, what life insurance gives us is the assurance of knowing that our loved ones are protected no matter what happens.
This guide focuses on term life insurance – the simplest and most basic form of life insurance that provides protection coverage only.
We unpack everything you need to know about term life insurance, from what it’s about and how it differs from other types of insurance to what you should take into account when buying a term plan, ending with a comparison of the term life insurance plans available in Singapore.
Let’s get you covered – literally and figuratively.
What is Term Life Insurance?
Term insurance is a type of life insurance that offers pure protection coverage for a specified period of time. If you were to pass on or get diagnosed with a terminal illness (TI) while your...