NTUC Income VivoLife Review

NTUC Income VivoLife product details

NOTE: The NTUC Income VivoLife plan is no longer being offered in the market.

You may wish to consider NTUC Income Star Secure Pro as an alternative. Contact us today for a non-obligated financial planning to understand your gaps in your coverage today!

• Life policy – Whole Life Policy
• Choose your desired premium payment term of 5, 10, 15, 20 or 25 years or up to age 64 or 84 (last birthday)
• Choose from three different plan types – VivoLife 125, VivoLife 180 and VivoLife 350, to enjoy your desired level of enhanced protection (multiplier of 125%, 180% and 350% of sum assured respectively)
• Covers :
  • Death, dread diseases and total and permanent disability before age 70: Pays the higher of sum assured plus bonuses, or the enhanced protection value that you have chosen, in the event of death, diagnosis of dread disease or total and permanent disability before age 70
  • Death and dread diseases on and after age 70: Pays the sum assured plus bonuses in the event of death or diagnosis of dread disease
  • Accidental death before age 70: Pays up to 200% of sum assured, on top of the death benefit, in the case of death by an accident. If the accident happened during a restricted activity, we pay 60% of the sum assured, on top of the death benefit
• If you are retrenched and are not able to find employment for three continuous months, you can choose not to pay the premiums for up to six months. This benefit will not affect your coverage and can only be used once after you have paid premiums for at least six months
• Option to convert to annuity plan at age 60

NTUC Income Vivo Life is a common search alternative for NTUC Income VivoLife.

Read About: Whole Life Policy: How does it work?

In-depth Review: 3 Best Whole Life Plans in Singapore for Insurance Coverages (Updated)

Features of NTUC Income VivoLife 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: Yes
Early Critical Illness: No

Health and Insurance Coverage Multiplier
Death: Yes
Total Permanent Disability: Yes
Terminal Illness: No
Critical Illness: Yes
Early Critical Illness: No

Optional Add-on Riders
Early Cancer Waiver
Payor Premium Waiver
Enhanced Payor Premium Waiver
Dread Disease Premium Waiver

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 VivoLife may be suitable if you are looking for

NTUC Income VivoLife may potentially be a good fit if the following matters to you:

• Higher protection for Death and Terminal Illness coverage at an affordable premium.
• Higher 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.
• Accumulating cash value in the policy for financial returns in the long-term.
• Paying premiums only for a limited number of years and enjoying coverage for a lifetime.
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Read About: How much insurance coverage do you really need in Singapore *NEW*

In-depth Review: Term life vs Whole life – Which is better for you?

NTUC Income VivoLife may not be suitable if you are looking for

NTUC Income VivoLife may potentially be a bad fit if the following matters to you:

• Liquidity or flexibility of withdrawal in your 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 (Updated)

In-depth Review: 6 Best Investment Linked Policies in Singapore for Wealth Accumulation (Updated)

Further considerations on NTUC Income VivoLife

• How is NTUC or NTUC Income VivoLife investment returns based on historical performance?
• How does NTUC Income VivoLife compare with Whole Life Policy from other insurance companies?
• Can NTUC Income VivoLife fulfil my financial insurance, health and protection needs?

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

Read About: Where do you start with financial planning?

Is NTUC Income VivoLife suitable for me?