Aviva MyProtector Term Plan II Review

The complete Pros and Cons on Aviva MyProtector Term Plan II

Aviva MyProtector Term Plan II is a flexible term life plan with a wide range of riders to cover you against the unexpected as well as premium waivers.

With the option to convert this policy to an endowment or whole life plan, you can rest assured that your needs will not outgrow your means.

Aviva MyProtector Term Plan II product details

  • Non-participating policy – Term policy
  • Insurance Coverage
    • Be covered against Death or Terminal Illness
    • Riders available to cover you against Total and Permanent Disability, Early Critical Illness, and Critical Illness as well as to waive premiums should any of the above occur
  • Policy Term; choose to be covered
    • 5, 10 years or 11 years up till 85 years old
  • Conversion Privilege
    • You can choose to convert this policy to an endowment or whole life plan should your needs change and evolve as time goes on
  • Guaranteed Renewal
    • Policy terms of 5 or 10 years are automatically renewable, regardless of your health condition
  • Perpetual Discount
    • Receive 20% perpetual discount on premiums for the base plan and its eligible riders when the coverage you choose is higher than or equal to S$500,000.

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

Features of Aviva MyProtector Term Plan II at a glance

Aviva MyProtector Term II Benefit Table

Cash and Cash Withdrawal Benefits

Cash value: No
Cash withdrawal benefits: No

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: No
Early Critical Illness: No

Optional Add-on Riders

TPD Advance Cover Plus II
CI Advance Cover Plus III
MultiPay Critical Illness Cover IV
Early Critical Illness Cover II
Critical Illness Premium Waiver II
Payer Critical Illness Premium Waiver II
Payer Premiums Waiver Benefit

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.

Policy Illustration for Aviva MyProtector Term Plan II, Mark

Policy Illustration for Aviva MyProtector Term Plan II, Mark

Mark, age 30, purchases Aviva MyProtector Term Plan II with Total and Permanent Disability (TPD), Early Critical Illness (ECI), and Critical Illness (CI) riders to provide extensive coverage. Mark pays a yearly premium of S$1,693.95

Mark chooses to be covered for 40 years until age 70. He is covered with S$1,000,000 against Death and TPD, S$100,000 against ECIs, and S$300,000 against CIs.

Mark’s Aviva MyProtector Term Plan II policy terminates when he reaches age 70 with no cash value.

Policy Illustration for Aviva MyProtector Term Plan II, Jenny

Policy Illustration for Aviva MyProtector Term Plan II, Jenny

Jenny, age 30, purchases Aviva MyProtector Term Plan II with Total and Permanent Disability (TPD), Early Critical Illness (ECI), and Critical Illness (CI) riders to provide extensive coverage. Jenny pays a yearly premium of S$2,918.75

Jenny chooses to be covered for 40 years until age 70. He is covered with S$1,000,000 against Death and TPD, S$100,000 against ECIs, and S$300,000 against CIs.

Jenny’s Aviva MyProtector Term Plan II policy terminates when she reaches age 70 with no cash value.

Aviva MyProtector Term Plan II may be suitable if you are looking for

Aviva MyProtector Term Plan II may potentially be a good fit if the following matters to you:

  • High Health and Protection coverage
  • High insurance coverage for Death or Terminal Illness
  • High insurance coverage for Early Critical Illness, Critical Illness, or Total Permanent Disability with riders
  • Premium waiver riders to waive premiums should the unexpected happen
  • Lower initial premium compared to other types of insurance policies
  • Looking to boost insurance coverage or fill shortfalls in an insurance portfolio

Aviva MyProtector Term Plan II may not suitable if you are looking for

Aviva MyProtector Term Plan II may potentially be a bad fit if the following matters to you:

  • Long-term cash accumulation
  • Regular cash payout
  • A one-time premium commitment with no further cash commitment
  • Insurance policy with a surrender value.

Further considerations on Aviva MyProtector Term Plan II

  • How is Aviva or Aviva MyProtector Term Plan II and claims based on past track record?
  • How does Aviva MyProtector Term Plan II compare with Term policies from other insurance companies?
  • Can Aviva MyProtector Term Plan II fulfill my financial, insurance, health, and protection needs?

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

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

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Is Aviva MyProtector Term Plan II suitable for me?

Contact InterestGuru using the form below. Our panel of Independent 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.

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Before you go...
Aviva MyProtector Term Plan II 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!
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