NTUC Income Mortgage Term covers you against Death, Terminal Illness, and Total and Permanent Disability. You’ll receive a lump sum payout should a claim be made to help you pay for outstanding mortgage loans in full.
NTUC Income Mortgage Term product details
- Non-participating policy – Term policy
- Coverage
- Be covered 100% of Sum Assured against Death, Terminal Illness, and Total and Permanent Disability
- TPD up to age 70
- Be covered 100% of Sum Assured against Death, Terminal Illness, and Total and Permanent Disability
- Policy Term
- You can choose to pay premiums from 5 to 35 years up to age 84
- Loan Interest Rates
- You can choose a range of interest rates from 1% to 7% to ensure your mortgage loan is adequately covered
- Optional Riders
- Essential Protect
- Payor Premium Waiver
- Enhanced Payor Premium Waiver
- Dread Disease Premium Waiver
- Early Cancer Waiver
Read About: Term Policy: How does it work?
Features of NTUC Income Mortgage Term at a glance
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: No
Early Critical Illness: No
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
- Payor Premium Waiver
- Enhanced Payor Premium Waiver
- Dread Disease Premium Waiver
- Early Cancer Waiver
- Essential Protect
Additional Features and Benefits
Yes.
For further information and details, refer to NTUC Income website. Alternatively, fill-up the form below and let us advise accordingly.
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NTUC Income Mortgage Term may be suitable if you are looking for
NTUC Income Mortgage Term may potentially be a good fit if the following matters to you:
- High Health and Protection coverage
- High insurance coverage for Death, Terminal Illness, and Total Permanent Disability
- Lower initial premium compared to other types of insurance policies
- Looking to boost insurance coverage or fill shortfalls in an insurance portfolio
NTUC Income Mortgage Term may not be suitable if you are looking for
NTUC Income Mortgage Term 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
- High insurance coverage for Early Critical Illness, Critical Illness
Read About: 3 things to consider before taking up a new financial product
Further considerations on NTUC Income Mortgage Term
- How is NTUC Income or NTUC Income Mortgage Term payout and claims based on past track record?
- How does NTUC Income Mortgage Term compare with Term policy from other insurance companies?
- Can NTUC Income Mortgage Term fulfill my financial, insurance, health, and protection needs?
The above information may not fully highlight all the product details and features on NTUC Income Mortgage Term. Talk to us or seek advice from a financial adviser before making any decision about NTUC Income Mortgage Term.
Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering to take up
Is NTUC Income Mortgage Term 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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