Introduction

Whole life insurance is a type of life insurance policy that provides coverage for the policyholder’s entire lifetime, as long as the premiums are paid. Unlike term life insurance, which only provides coverage for a specific period of time, whole life insurance remains in force until the policyholder passes away or surrenders the policy. The premium term can be either a single payment, for a limited period (limited-pay) like 3,5,10 years or for life.

Limited-pay options may be suitable as you will only be paying during the productive stage of your life and do not have to worry about paying after that.

What does the product cover?

In addition to providing a death benefit to the policyholder’s beneficiaries upon their passing, whole life insurance policies also include a savings component. A portion of the premiums paid by the policyholder is invested by the insurance company, and the policyholder may be able to borrow against the cash value of the policy or receive dividends from the investment earnings.

Whole life insurance is often more expensive than term life insurance, but it provides lifelong coverage and the potential for a cash value component, which can make it an attractive option for individuals who are looking for long-term financial protection.

Cost

The Whole Life insurance plan covers death, terminal illness, and total and permanent disability with financial protection. You can choose a standard plan or a customisable whole life insurance plan with additional protection at every life stage. Whatever your needs are, there is a plan that will suit you and your family.

Coverage amount

You’ll need to determine how much coverage you need to provide for your beneficiaries after you pass away. The coverage amount will affect the cost of the policy, so you’ll need to balance the coverage amount with your budget.

Investment component

Whole life insurance policies include a savings component, which can build up over time and provide additional benefits. You’ll need to consider the potential returns on this investment component and whether it aligns with your financial goals.

Health Status

Whole life insurance policies often require a medical examination before approval, so your health status may affect your ability to qualify for coverage. If you have pre-existing medical conditions or a high-risk lifestyle, you may need to pay higher premiums or seek alternative coverage options.

Long-term financial planning

Whole life insurance policies include a savings component, which can build up over time and provide additional benefits. You’ll need to consider the potential returns on this investment component and whether it aligns with your financial goals.

Chat With Us

Telegram Us

Book an Appointment

Share With Friends

AIA Logo

AIA Singapore Pte Ltd

China Life Insurance (Singapore) Pte. Ltd

China Life Insurance (Singapore) Pte. Ltd

China Taiping Logo

China Taiping Insurance (Singapore) Pte. Ltd

Etiqa Insurance Pte. Ltd

HSBC Insurance

HSBC Insurance (Singapore) Pte. Limited

Income Insurance Limited

MANULIFE (SINGAPORE) PTE. LTD

Manulife (Singapore) Pte. Ltd

Singapore Life Ltd

Journeying with You

Journeying through some challenges in life can be tough and we know.  We make sure that every step of the way, we are there to help you.

Jenny 

Sales Manager
I get to know Joseph as my financial planner in year 2019 . He is a great person with great character. He is very trustworthy and provides excellent service. Joseph has made the process of dealing with insurance easy and

Hannah

Teacher
I am glad to have chanced upon Midas and met Joseph and Kardiono when I was looking for an investment plan that could grow my funds for retirement. Having exhausted my funds on housing and surrendered my investment link insurance

Andrew Han

MINDEF - Assistant Director (IT systems)/SMART buildings
I was actually in the market looking for a short term saving plan with guaranteed returns of between 10 to 12%/annum. Jeremy was able to refer me to an opportunity that offered a financial platform which guarantees by contract my

Abe Fumika

Consultant
She is knowledgeable, responsible and do not ‘hard sell’ her policies. Rachel has always been in this industry. She is always here to take care of my questions and to constantly update me with regards to change in policy’s terms

Esther Lee

Doctor
Rachael has been our financial consultant for the past 5 years and we have been very pleased with her service and professionalism. With our busy schedules, Rachael is always very understanding and accommodating. She is also very transparent in sharing

Wong Hoe Hon

Director of Eastern Green
Roger is a great person with great character. He is very trustworthy and provides excellent service. I gained much clarity after speaking with him! He was able to show me a clear overview across insurers and even shared with me

Dicky Ho

Information Technology Security Officer
Joseph is a very hardworking and responsible consultant. He gives the best advice and solutions after analyzing my needs. He is also a very good trusted friend. I am very pleased to have him to take care of my portfolio.

Satyajit RK

Recruitment Consultant
Daniel has provided an excellent service. He recommended policy that matched my requirements. Thank you!

Felix Setiawan

Interior Designer
Nelson is different from others, he is knowledgeable in his industry. I appreciate his professionalism as he only recommended solutions based on my needs. He is extremely helpful and is willing to go the extra mile for his clients. I

Joel Rodrigues

Chief Investment Office - Investment Content Manager
I decided to work with Daniel for my financial planning matters as he was able to provide me with the information that I need whilst remaining objective about his recommendation. Throughout my interaction with Daniel, I appreciate the fact that

Klaire Chan

Adult Educator
Prompt and patient, responsive and responsible, Anne was a real blessing in her attentive consultations, efficient follow-throughs and thoughtful support. I know I can trust her to be there for me on this journey to financial health!

Jackie

Professor
I have known Ron since 2015 and find him to be a professional who truly listens to all my needs. He provides great solutions for my retirement planning, and I am happy with it.

Priscilla

Finance Manager
Finally I have found a trusted retirement specialist who is experienced, knowledgeable and friendly. <FA Name> is such, and I would recommend him to anyone without hesitation.

Eric Elsig Fabian

NIKE - Director Treasury Asia
I have been looking for a long time for someone who could explain me the maze of financial planning, until I met Jeremy, everything become crystal clear. Throughout the different meetings, Jeremy has been able to identify my needs and

Yew Chi Sing

MAS - Deputy Director
“Jeremy has provided me with great advice in financial planning. As an independent financial adviser, I truly appreciate that he's able to analyse and compare across all the market products available which best fit my requirements. He has helped me

Henry Koo

Consultant, Chief Financial Officer, FMCG, FCA
Jeremy genuinely cares, is always willing to help and advises from the heart. He is knowledgeable about various financial and insurance products and offers a holistic retirement/financial planning approach.

Alan Koo

SABECO - Chief Financial Officer/Deputy General Director
I was introduced to Jeremy via a referral. Overall, I was happy with the service that Jeremy rendered given my requirements. Good follow through and always able to provide different offerings for me to decide upon and not just a

Lock

Head of Security and Compliance
Wai Hon has extensive experiences in the financial services industry in various capacities. As an advisor, he is very professional in helping me to find the best product in the market that suits my exact needs. He is helpful in

Steven

Chief Executive Officer
I have never had this kind of experience in the past with financial advisors and this is the kind of service I have been looking for. <FA Name> has been very supportive and always promptly attended to my queries whenever

Thomas Thant

Project Manager
Nelson helped me consolidate my finances, identify gaps between my current financial status and my changing future needs based on various furture scenarios. And provided me with personalised solutions with hand-picked investment funds and insurance. Also educated me with diffetent

Tan Jia Jun

Director at Unisprings
Excellent and fast service by Daniel Choo!