03 Oct '11, 9am

Aviva MyLifeChoice

Aviva MyLifeChoice was launched in September 2011. It’s a new participating Whole Life Plan with flexibility to add on modules for TPD and Critical Illness. It allows policyholders to benefit from : 1. An option to increase term life coverage at key life events (e.g. marriage, birth of new child) without evidence of good health. 2. Coverage up to 275% of the Basic Sum Assured. 3. Guaranteed higher lump sum payout upon claim (due to Minimum Protection Value). 4. Supplemental retirement fund by lump sum withdrawal from age of 65. 5. Optional Critical Illness and Total and Permanent Disability rider for coverage till age 99 and 70 next birthday, respectively. The Minimum Protection Value is dependent on entry age as follows: Entry Age (Age NB) MPV Factor 1- 12 275% 13- 24 250% 25- 29 220% 30- 34 200% 35- 39 170% 40- 60 150% However, this MPV payout is only applicable for a … ...

Full article: http://thefinance.sg/2011/10/03/aviva-mylifechoice/

Minimum Protection Value: MyLifeChoice vs TM Legacy Plus vs VivoLife

Minimum Protection Value: MyLifeChoice vs TM Le...

thefinance.sg 03 Oct '11, 3pm

Minimum Protection Value: MyLifeChoice vs TM Legacy Plus vs VivoLife by Seth on October 3, 2011 While whole life policies ...