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Aviva MyWholeLifePlan II Review

The complete write-up, pros and cons on Aviva MyWholeLifePlan II

By InterestGuru.sg On Jan 21, 2018 Last updated Jul 13, 2023 7,669 0

DIS-CONTINUED: Aviva MyWholeLifePlan II has been replaced by Aviva MyWholeLifePlan III w.e.f 23th May 2023.

Aviva MyWholeLifePlan II product details

Aviva MyWholeLifePlan II is newly launched in Jan 2023 and the first to offer multiple claims of up to 5x of Sum Assured for various stages of Critical Illnesses.

*Limited Promo* Get up to S$300 gift value or 6% of the first-year premium when you take up Aviva MyWholeLifePlan II with MultiPay Critical Illness Cover before 30th Sept 2023

Aviva MyWholeLifePlan II Rating on InterestGuru.sg: [usr=4.25]
Aviva MyWholeLifePlan II Popularity on InterestGuru.sg: [usr=4]

Aviva MyWholeLifePlan II is featured in our 8 Best Whole Life Insurance Plans in Singapore for best in Savings/ Partial Withdrawalfeatures. *NEW*

Read About: 3 Best Whole Life Plan in Singapore for Insurance Coverage (2023 Edition)

Life policy – Whole Life Policy
High coverage of 2 – 4 times the chosen Sum Assured up to age 70
Guaranteed Extra Protection option to increase your coverage at key life events (eg. marriage, newborn child or graduation) without providing evidence of health
Continuous cover for one year when you lose your job with premiums on hold and interest waived
Choice of 10, 15, 20 or 25 years premium term options
Option to receive a lifetime monthly income (up to age 99)
Allows claims of up to 5x of Sum Assured for various stages of Critical Illnesses
Special benefits (Up to 6 times) allows claims of an additional 20% of chosen Sum Assured for 24 medical conditions such as diabetic complications or autism)

Aviva My Whole Life Plan II is a common search alternative for Aviva MyWholeLifePlan II.

Refer to the in-depth review of Aviva MyWholeLifePlan II coverages.

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

Features of Aviva MyWholeLifePlan II 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: Yes
Critical Illness: Yes (With added riders)
Early Critical Illness: Yes (With added riders)

Health and Insurance Coverage Multiplier

Death: Yes (With Multiplier rider)
Total Permanent Disability: Yes
Terminal Illness: Yes
Critical Illness: Yes (With added riders)
Early Critical Illness: Yes (With added riders)

Optional Add-on Riders

Early Critical Illness Advance Cover II
Critical Illness Advance Cover II
MultiPay Critical Illness Cover II
Premium Waiver Benefits
Total and Permanent Disability Advance Cover II

Additional Features and Benefits

First whole life insurance policy with multiple claims for up to 5 lump sum payouts, totalling 500% of the chosen Sum Assured upon diagnosis of various stages of Critical Illnesses.
Good Health Reward – 20% of chosen Sum Assured, when you do not make any claim.
MultiPay Critical Illness Cover II – Find out how the MultiPay Critical illness work

For further information and details, fill-up the form below and let us advise accordingly.

Aviva MyWholeLifePlan II may be suitable if you are looking for

Aviva MyWholeLifePlan II may potentially be a good fit if the following matters to you:

Higher protection for Death and Terminal Illness coverage at an affordable premium.
Highest 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.

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?

Aviva MyWholeLifePlan II may not be suitable if you are looking for

Aviva MyWholeLifePlan II 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)

In-depth Review: 3 Best Investment Linked Policies in Singapore for Wealth Accumulation (2023 Edition)

Further considerations on Aviva MyWholeLifePlan II

How is Aviva or Aviva MyWholeLifePlan I investment returns based on historical performance?
How does Aviva MyWholeLifePlan II compare with Whole Life Policy from other insurance companies?
Can Aviva MyWholeLifePlan II fulfil my financial insurance, health and protection needs?
How does the multiple claims rider for various stages of Critical Illnesses works?

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

Compare before you commit

Before committing to a whole life insurance policy, it certainly pays to make an effort to compare. Specific products 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 MyWholeLifePlan II 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.

*For a limited time, get attractive incentives when you take up any products that is proposed by our team of financial planners.

We compare quotations head to head on all leading insurers in Singapore

Whole Life Plans Selector

Just 4 simple questions to get you the most suitable whole life insurance plan, based on your financial goals and objectives.

I am looking for the following coverage(s) in my whole life insurance plan(s):

I not sure yet, please adviceDeath and DisabilityDeath, Disability and Critical IllnessDeath, Disability, Critical Illness and Early Critical Illness,

How many years are prepared to pay insurance premiums for:

(A shorter year of paying premium would means a higher yearly premium amount.)

The amount of premium you are planning to set aside on a yearly basis (in S$):

(You can choose to pay your premium monthly as well.)

For the insurance premium you pay, what would be your preferences in a whole life insurance plan:

(This allows us to narrow down the most suitable options for you)

Just a little more information so that we are able to reach you.

How do we address you?

We can reach you at:

Your email address:

Anything else you like us to know? (Optional)

Before you go...

Aviva MyWholeLifePlan II may be a good fit towards your current financial goals. However, there could be way more plans out there with features and/ or benefits that could be more relevant to you at a lower cost.

Drop us a message and find out about customised options across multiple insurance companies. You deserve to get the best out of your hard-earned savings!