AXA Life MultiProtect Review
The complete write-up on the Pros and Cons of AXA Life MultiProtect
AXA Life MultiProtect product details
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AXA Life MultiProtect is featured in our 8 Best Whole Life Insurance Plans in Singapore for lifetime coverage features. *NEW*
- Life policy – Whole Life Policy
- Issuance age from 0 to 60 years old
- Receive up to 5 times your chosen basic Sum Assured, and up to 10 times if the death is a result of an accident
- Option to purchase additional coverage without underwriting at key milestones of your life
- Choose to pay for your premiums over 15, 20, 25 years and be covered for life
- Option to also choose to pay over 65 years to ensure greater affordability
Note: With the launch of AXA Life MultiProtect, AXA Life Exentials and AXA Life Exentials Prime is no longer available.
Read About: Whole Life Policy: How does it work?
In-depth Review: 3 Best Whole Life Plans in Singapore for Insurance Coverages (2023 Edition)
Features of AXA Life MultiProtect 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
Early Critical Illness: Yes
Health and Insurance Coverage Multiplier
Death: Yes
Total Permanent Disability: Yes
Terminal Illness: Yes
Critical Illness: Yes
Early Critical Illness: Yes
Optional Add-on Riders
- Early Critical Illness Benefit rider (Accelerated payout)
- Critical Illness Benefit (Accelerated payout)
- Critical Illness Plus (Additional Payout)
- DisabilityCash Benefit (Income payout in the event of total and permanent disability)
- Waiver of Premium Riders (Various riders that waives future insurance premiums when an insured event occurs)
Additional Features and Benefits
Yes.
For further information and details, refer to AXA website. Alternatively, fill up the form below and let us advise accordingly.
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AXA Life MultiProtect may be suitable if you are looking for
AXA Life MultiProtect may potentially be a good fit if the following matters to you:
- Initial high protection for Death and Terminal Illness coverage at an affordable premium.
- Initial high 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.
- To participate in the long-term financial returns of investing.
- Liquidity or flexibility of withdrawal in your Insurance policy.
- Able to take investment risks and comfortable with financial market volatility.
- Potentially higher financial returns compare to traditional Endowment and Whole Life Policy.
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AXA Life MultiProtect may not be suitable if you are looking for
AXA Life MultiProtect may potentially be a bad fit if the following matters to you:
- Life-long health and protection coverage due to increasing mortality charges.
- Guaranteed financial returns in the long-run.
- Insurance policy with a high surrender value in the early years of the policy.
- Expecting an urgent need for withdrawal during a financial market downturn.
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 AXA Life MultiProtect
- How are the investment returns of AXA or AXA Life MultiProtect based on historical performance?
- How good is AXA Life MultiProtect compared to Investment Linked Policy from other insurance companies?
- Can AXA Life MultiProtect fulfil my financial insurance, health and protection needs?
The above information may not fully highlight all the product details and features on AXA Life MultiProtect. Talk to us or seek advice from a financial adviser before making any decision about AXA Life MultiProtect.
Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering to take up.
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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 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 AXA Life MultiProtect 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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