Aviva MyLifeInvest Review

The complete Pros and Cons on Aviva MyLifeInvest

Aviva MyLifeInvest product details

Aviva MyLifeInvest Rating on InterestGuru.sg: 3.9 out of 5 stars (3.9 / 5)
Aviva MyLifeInvest Popularity on InterestGuru.sg: 3.4 out of 5 stars (3.4 / 5)

Read About: 3 best Investment Linked Policies in Singapore (updated 2023)

  • Life Policy – Investment-linked policy
  • Stop paying premiums by taking a premium holiday
  • Option to increase the protection coverage without evidence of good health when your life stages change
  • Flexibility to reduce your coverage to zero in the 12th year  to maximise investment portion for returns

Aviva My Life Invest is a commonly search alternative for Aviva MyLifeInvest.

Read AboutHow does Investment-Linked Policy work?

Read AboutInvestment-Linked Policy: Is it the best option?

Features of Aviva MyLifeInvest at a glance

Cash and Cash Withdrawal Benefits

Cash value: Yes
Cash withdrawal benefits: Yes

Health and Insurance Coverage

Death: Yes
Total Permanent Disability: Yes
Terminal Illness: Yes
Critical Illness: Yes
Early Critical Illness: Yes

Health and Insurance Coverage Multiplier

Death: No
Total Permanent Disability: No
Terminal Illness: No
Critical Illness: Yes
Early Critical Illness: Yes

Optional Add-on Riders

Level Term Cover
Early Critical Illness Cover
Critical Illness Additional Cover
Critical Illness Accelerated Cover
Level Term Critical Illness Accelerated Cover
Payer Critical Illness Premium Waiver Benefit
Payer Premium Waiver Benefit
Critical Illness Premium Waiver

Additional Features and Benefits

Yes.

For further information and details, refer to Aviva website. Alternatively, fill up the form below and let us advise accordingly.

Read AboutEffects of compounding returns on your investments

Read About5 ways to beat inflation

More on Financial Planning
1 of 10

Aviva MyLifeInvest may be suitable if you are looking for

Aviva MyLifeInvest may potentially be a good fit if the following matters to you:

  • Initial high protection for Death and Terminal Illness coverage at an affordable premium.
  • Initial high Early Critical Illness, Critical Illness and Total Permanent Disability coverage in an Insurance Policy.
  • Health and Protection coverage due to a shortfall in your Insurance Portfolio.
  • To participate in the long-term financial returns of investing.
  • Liquidity or flexibility of withdrawal in your Insurance policy.
  • Able to take investment risks and comfortable with financial market volatility.
  • Potentially higher financial returns compare to traditional Endowment and Whole Life Policy.

Aviva MyLifeInvest may not be suitable if you are looking for

Aviva MyLifeInvest may potentially be a bad fit if the following matters to you:

  • Life-long health and protection coverage due to increasing mortality charges.
  • Guaranteed financial returns in the long-run.
  • Insurance policy with a high surrender value in the early years of the policy.
  • Expecting an urgent need for withdrawal during a financial market downturn.

Read About3 things to consider before taking up a new financial product

Further considerations on Aviva MyLifeInvest

  • How are the investment returns of Aviva or Aviva MyLifeInvest based on historical performance?
  • How good is Aviva MyLifeInvest compared to Investment Linked Policy from other insurance companies?
  • Can Aviva MyLifeInvest fulfil my financial insurance, health and protection needs?

The above information may not fully highlight all the product details and features on Aviva MyLifeInvest. Talk to us or seek advice from a financial adviser before making any decision about Aviva MyLifeInvest.

Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering to take up.

Read AboutHow can I accumulate a million dollar (Realistically)

Read About: 3 best Investment Linked Policies in Singapore for Wealth Accmulation (2023 Edition)

More on investing
1 of 7

Is Aviva MyLifeInvest suitable for me?

Contact InterestGuru using the form below. Our panel of licensed financial advisers will advise accordingly, based on your financial profile and protection needs.

All financial reviews and proposals provided are 100% free of charge. There will be no obligation to take up any proposed financial products or services in any way.

*For a limited time, get attractive incentives when you take up any products that is proposed by our team of financial planners.

We compare quotations head to head on all leading insurers in Singapore

Singapore insurance companies

    Financial Solutions Enquiry Form

    What kind of insurance do you require more information with?

    What kind of protection products are you looking at ?

    For which event do you wish to be protected for?

    DeathTotal and Permanent DisabilityCritical Illness (Early stage)Critical Illness (Advance and Late stage)Income in the event of Disability

    How many year are you willing to make payment for?


    Compare for me!
     

    Would you expect to do partial withdrawal in the short term for this sum of money?

    How much funds are you looking to achieve? (in SGD)

    How many year are you looking to save for this amount of fund?

    How many years would you expect to require the full sum of fund?


    Compare for me!

    We are not sure too, let us work out your financial needs with you.

     
    Compare for me!

     

    Before you go...
    Aviva MyLifeInvest may be a good fit towards your current financial goals. However, there could be way more plans out there with features and/ or benefits that could be more relevant to you at a lower cost.
    Drop us a message and find out about customised options across multiple insurance companies. You deserve to get the best out of your hard-earned savings!

     

    Need help?
    close slider

    Need help?