China Life Term Guardian Plus Review

China Life Term Guardian Plus: Term life insurance with coverage for Death, Total and Permanent Disability, Terminal Illness, and end-stage cancer. Guaranteed level premiums. Milestone Privilege for coverage increase. Conversion Privilege to switch to another policy type.

China Life Term Guardian Plus details

• Non-participating policy – Term policy
• Term Insurance Coverage
  • Be covered the full sum assured against Death, Total and Permanent Disability and Terminal Illness up to age 75 or 85
  • Be covered the full sum assured against end-stage cancer
• Guaranteed Level Premiums
  • Enjoy level premiums that do not increase as you age
• Milestone Privilege
  • Option to increase your insurance coverage without medical checks during a life milestone
  • Life milestones are the first marriage of the life insured, graduation from tertiary education, having a newborn or adopting a child, purchase of a new home or commercial property, turning 18 and death of life insured’s spouse
• Conversion Privilege
  • Option to convert your term life coverage into another type of policy available
• Additional Coverage Riders
  • China Life Enhanced Payer Benefit Rider
    • All future premiums are waived in the event of Death,  Total and Permanent Disability, or diagnosis of any of the 36 advanced stage critical illness
  • China Life Payer Benefit Rider
    • All future premiums are waived in the event of Death, Total and Permanent Disability or Terminal Illness
  • China Life Premium Waiver Raider
    • All future premiums are waived in the event of Death, Total and Permanent Disability or diagnosis of any of the 36 critical illnesses of the life insured

Read About: 3 things to consider before taking up a new financial product

Features of China Life Term Guardian Plus at a glance

Cash and Cash Withdrawal Benefits

Cash value: No
Cash withdrawal benefits: No

Health and Insurance Coverage

Death: Yes
Total Permanent Disability: Yes
Terminal Illness: Yes
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

China Life Enhanced Payer Benefit Rider
China Life Payer Benefit Rider
China Life Premium Waiver Raider

Additional Features and Benefits

Yes.

For further information and details, refer to China Life website. Alternatively, fill up the form below and let us advise accordingly.

China Life Term Guardian Plus may be suitable if you are looking for

China Life Term Guardian Plus may potentially be a good fit if the following matters to you:

• High Health and Protection coverage
• High insurance coverage for Death, Total and Permanent Disability or Terminal Illness
• Premium waiver riders to waive premiums should the unexpected happen
• Lower initial premium compared to other types of insurance policies
• Looking to boost insurance coverage or fill shortfalls in an insurance portfolio

China Life Term Guardian Plus may not suitable if you are looking for

China Life Term Guardian Plus may potentially be a bad fit if the following matters to you:

• Long-term cash accumulation
• Regular cash payout
• A one-time premium commitment with no further cash commitment
• Insurance policy with a surrender value.

Further considerations on China Life Term Guardian Plus

• How is China Life or China Life Term Guardian Plus and claims based on past track records?
• How does China Life Term Guardian Plus compare with Term policies from other insurance companies?
• Can China Life Term Guardian Plus fulfill my financial, insurance, health, and protection needs?

The above information may not fully highlight all the product details and features of China Life Term Guardian Plus. Talk to us or seek advice from a financial adviser before making any decision about China Life Term Guardian Plus.

Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering taking up.

Read Also: No budget for financial planning?

Is China Life Term Guardian Plus 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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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.

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