Tokio Marine TM Mortgage Protection product details
- Non-participating policy – Term policy
- Protection against financial liability such as mortgage loans
- Coverage against
- Death
- Total and Permanent Disability (TPD)
- Critical Illness (CI) (optional)
- Flexible policy terms: 10-30 years
- Available interest: 0% – 9.75% (in steps of 0.25%)
- Joint Life option – where the benefits will be payable on the first occurrence of the insured event(s) by any of the two lives assured
- Premium payment term is 3 years shorter than the policy term
Read About: Term Policy: How does it work?
Read About: 3 things to consider before taking up a new financial product
Features of Tokio Marine TM Mortgage Protection 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: 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
Critical Illness Rider
Additional Features and Benefits
Yes.
For further information and details, refer to Tokio Marine website. Alternatively, fill up the form below and let us advise accordingly.
Read Also: No budget for financial planning?
Tokio Marine TM Mortgage Protection may be suitable if you are looking for
Tokio Marine TM Mortgage Protection 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
- Lower initial premium compared to other types of insurance policies
- Looking to boost insurance coverage or fill shortfall in insurance portfolio
Tokio Marine TM Mortgage Protection may not be suitable if you are looking for
Tokio Marine TM Mortgage Protection 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 Tokio Marine TM Mortgage Protection
- How is Tokio Marine or Tokio Marine TM Mortgage Protection payout and claims based on past track record?
- How does Tokio Marine TM Mortgage Protection compare with Term policy from other insurance companies?
- Can Tokio Marine TM Mortgage Protection fulfil my financial, insurance, health and protection needs?
The above information may not fully highlight all the product details and features on Tokio Marine TM Mortgage Protection. Talk to us or seek advice from a financial adviser before making any decision about Tokio Marine TM Mortgage Protection.
Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering to take up
Is Tokio Marine TM Mortgage Protection 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.
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