AXA Term Protector Review
The complete Pros and Cons on AXA Term Protector
AXA Term Protector provides a simple, yet flexible solution towards protecting your greatest assets – you, your loved ones, and your business.
AXA Term Protector product details
AXA Term Protector is featured for Optional riders/ Limited premium terms in our 8 Best Term Life Insurance Plan in Singapore (2023 Edition)
- Non-participating policy – Term policy
- Issuance age from 1 month to 70 years old
- Minimum sum assured: $100,000
- You can choose to pay in SGD, USD, EUR, GBP or AUD
- Flexible Premium Term
- Choose to pay for your protection over a period of 5, 10, 15, or 20 years, or for as long as your protection lasts
- Single lump-sum premium option available for a coverage term of 5, 10 or 15 years
- Flexible Coverage Term
- You can choose to be covered for a period of 5, 10, 15, 20, 25, or 30 years or
- Up till age 50, 55, 60, 65, 70, 75 or 99
- Guaranteed Renewal
- You can renew this policy regardless of your health condition, no questions asked
- Convertible Policy
- You can choose to convert your AXA Term Protector to another policy if your needs changes
Read About: Term Policy: How does it work?
Read About: 3 things to consider before taking up a new financial product
Features of AXA Term Protector at a glance
Cash and Cash Withdrawal Benefits
Cash value: No
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: No
Total Permanent Disability: No
Terminal Illness: No
Critical Illness: No
Early Critical Illness: No
Optional Add-on Riders
Early Critical Illness Payout
Advance Critical Illness Payout
Advance Total and Permanent Disability Payout
Disability Cash Benefit
Critical Illness Plus Benefit
Personal Accident Benefit
Guaranteed Survivor Payout
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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Policy Illustration for AXA Term Protector, Jack
Jack purchases AXA Term Protector with advance Total and Permanent Disability (TPD) and Critical Illness (CI) riders to provide extensive coverage.
Jack chooses to pay premiums over 20 years for a lifetime of coverage up till age 99. He is covered with S$1 million against Death and TPD (till age 70) and S$500,000 against CIs.
If Jack lives to 100 years old, his policy terminates with no cash value.
Policy Illustration for AXA Term Protector, Mary
Mary purchases AXA Term Protector with advance Total and Permanent Disability (TPD) and Critical Illness (CI) riders to provide extensive coverage.
Mary chooses a lifetime of coverage with premiums payable until the end of the policy or at age 99. She is covered with S$1 million against Death and TPD (till age 70) and S$500,000 against CIs.
If Mary lives to 100 years old, her policy terminates with no cash value.
AXA Term Protector may be suitable if you are looking for
AXA Term Protector 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 and Permanent Disability with riders
- Lower initial premium compared to other types of insurance policies
- Looking to boost insurance coverage or fill a shortfall in an insurance portfolio
AXA Term Protector may not suitable if you are looking for
AXA Term Protector may potentially be a bad fit if the following matters to you:
- Cash accumulation in an insurance policy
- Regular cash payout
- A one-time premium commitment with no further cash commitment
- Insurance policy with a surrender value.
Further considerations on AXA Term Protector
- How is AXA or AXA Term Protector payout and claims based on past track record?
- How does AXA Term Protector compare with Term policy from other insurance companies?
- Can AXA Term Protector fulfill my financial, insurance, health, and protection needs?
The above information may not fully highlight all the product details and features on AXA Term Protector. Talk to us or seek advice from a financial adviser before making any decision about AXA Term Protector.
Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering to take up.
Is AXA Term Protector suitable for me?
Contact us 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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