NTUC Income Star Prime Life is a whole life insurance plan protecting seniors age 49 and above against Death and TPD at affordable premiums with non-guaranteed bonuses.
NTUC Income Star Prime Life product details
- Life policy – Whole Life Policy
- Age of entry;
- 49 Age of Next Birthday (ANB) to 69 ANB
- Guaranteed Acceptance
- Enjoy hassle-free guaranteed acceptance and no health checks as long as you haven’t been hospitalised in the past 12 months
- Short Premium Term
- Lifetime coverage with only 10 years of premiums payable
- Affordable Premiums
- For $10,000 sum assured, a 55-year-old male pays only $2.40 a day
- Coverage
- Death and Total and Permanent Disability (TPD coverage up to before age 70 ANB)
- Sum Assured + Bonuses
- From the 3rd policy year onwards, your coverage increases with bonuses
Read About: Whole Life Policy: How does it work?
In-depth Review: 3 Best Whole Life Plans in Singapore for Insurance Coverages (2023 Edition)
Features of NTUC Income Star Prime Life at a glance
Cash and Cash Withdrawal Benefits
Cash value: Yes
Cash withdrawal benefits: No
Health and Insurance Coverage
Death: Yes
Total Permanent Disability: Yes
Terminal Illness: No
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
N/A
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 Star Prime Life may be suitable if you are looking for
NTUC Income Star Prime Life may potentially be a good fit if the following matters to you:
- High protection for Death and Total and Permanent Disability coverage at an affordable premium.
- Initial
- Health and Protection coverage due to a shortfall in your Insurance Portfolio even as a senior
- Able to take investment risks and comfortable with financial market volatility.
- Potentially higher financial returns compare to traditional Endowment and Whole Life Policy.
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NTUC Income Star Prime Life may not be suitable if you are looking for
NTUC Income Star Prime Life may potentially be a bad fit if the following matters to you:
- Liquidity or flexibility of withdrawal in your Insurance policy.
- Insurance coverage against Early Critical Illness, Critical Illness and, and Total Permanent Disability in an Insurance Policy
- Access to cash from your policy on a regular basis.
- Insurance policy with a high surrender value in the early years of the policy.
- Potentially higher financial returns compared to a pure investment product.
In-depth Review: 3 Best Endowment Savings Plans in Singapore with Lifetime Wealth Accumulation (2023 Edition)
In-depth Review: 3 Best Investment Linked Policies in Singapore for Wealth Accumulation (2023 Edition)
Further considerations on NTUC Income Star Prime Life
- How are the investment returns of NTUC Income or NTUC Income Star Prime Life based on historical performance?
- How good is NTUC Income Star Prime Life compared to Investment Linked Policy from other insurance companies?
- Can NTUC Income Star Prime Life fulfill my financial insurance, health, and protection needs?
The above information may not fully highlight all the product details and features on NTUC Income Star Prime Life. Talk to us or seek advice from a financial adviser before making any decision about NTUC Income Star Prime Life.
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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Compare before you commit
Before committing to a whole life insurance policy, it certainly pays to make an effort to compare. Specific product features, benefits, and payouts will differ more than you think across insurance companies.
Why regret only years later, when you find out that you are not getting the best insurance policy available for the premium paid?
Even worse, to know you can compare whole life insurance plans here, 100% free of charges on the InterestGuru.sg platform.
Is NTUC Income Star Prime Life 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.
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