Aviva MyLifeChoice Review
The complete Pros and Cons on Aviva MyLifeChoice
Aviva MyLifeChoice has been discontinued. For further information and details about this plan, fill up the form below and let us advise you accordingly.
Aviva MyLifeChoice product details
- Life policy – Whole Life Policy
- Guaranteed Extra Protection option to increase your coverage at key life events (eg. marriage, newborn child or graduation) without providing evidence of health
- Enjoy coverage of up to 275% of the Sum Assured for the first 20 years of policy
- Choice of 15, 20, 25 years premium term options, or until age 80
- Guaranteed higher lump sum payout upon claim
- Supplements retirement fund through lump sum withdrawal
- Continuous cover for one year when you lose your job
- Optional Critical Illness and Total and Permanent Disability riders for coverage till age 99 and 70 next birthday, respectively
Aviva My Life Choice is a common search alternative for Aviva MyLifeChoice.
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In-depth Review: 3 Best Whole Life Plans in Singapore for Insurance Coverages (2023 Edition)
Features of Aviva MyLifeChoice at a glance
Cash and Cash Withdrawal Benefits
Cash value: Yes
Cash withdrawal benefits: No
Health and Insurance Coverage
Death: Yes
Total Permanent Disability: No
Terminal Illness: No
Critical Illness: No
Early Critical Illness: No
Health and Insurance Coverage Multiplier
Death: Yes
Total Permanent Disability: Yes (if rider is added)
Terminal Illness: No
Critical Illness: Yes (if rider is added)
Early Critical Illness: No
Optional Add-on Riders
Critical Illness
Total and Permanent Disability
Additional Features and Benefits
Yes.
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Aviva MyLifeChoice may be suitable if you are looking for
Aviva MyLifeChoice 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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Aviva MyLifeChoice may not be suitable if you are looking for
Aviva MyLifeChoice 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 (2023 Edition)
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Further considerations on Aviva MyLifeChoice
- How is Aviva or Aviva MyLifeChoice investment returns based on historical performance?
- How does Aviva MyLifeChoice compare with Whole Life Policy from other insurance companies?
- Can Aviva MyLifeChoice fulfill my financial insurance, health and protection needs?
The above information may not fully highlight all the product details and features on Aviva MyLifeChoice. Talk to us or seek advice from a financial adviser before making any decision about Aviva MyLifeChoice.
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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 payout 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 Aviva MyLifeChoice suitable for me?
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