China Life Whole Life Guardian Review
The complete Pros and Cons on China Life Whole Life Guardian
Receive lifetime coverage with China Life Whole Life Guardian against for Death, Total and Permanent Disability, and Terminal Illness. Choose flexible premium payment terms over 5, 10, 15, 20, or 25 years. Receive non-guaranteed bonuses starting from the 3rd policy year.
China Life Whole Life Guardian product details
- Life policy – Whole Life Policy
- Insurance Coverage – Lifetime coverage
- Be covered against Death, Total and Permanent Disability, and Terminal Illness the sum assured plus any non-guaranteed bonus
- Flexible Premium Payment Terms
- You can choose to pay premiums over 5, 10, 15, 20 or 25 years for lifetime coverage
- Non-guaranteed Bonus
- Starting from the end of the 3rd policy year, enjoy potential yearly revisionary bonus
- Additional Coverage Riders – waive future premiums
- 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 illness of the life insured
- China Life Enhanced Payer Benefit Rider
Features of China Life Whole Life Guardian at a glance
Refer to below for a simplified overview of China Life Whole Life Guardian:
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: 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
For further information and details, refer to China Life website. Alternatively, fill up the form below and let us advise accordingly.
China Life Whole Life Guardian may be suitable if you are looking for
China Life Whole Life Guardian 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?
China Life Whole Life Guardian may not be suitable if you are looking for
China Life Whole Life Guardian 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.
For pure insurance savings or investment plans, please refer to the following policy reviews:
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 China Life Whole Life Guardian
- How is China Life or China Life Whole Life Guardian investment returns based on historical performance?
- How does China Life Whole Life Guardian compare with Whole Life Policies from other insurance companies?
- Can China Life Whole Life Guardian fulfill my financial insurance, health, and protection needs?
- How does the multiple claims rider for various stages of Critical Illnesses work?
The above information may not fully highlight all the product details and features on China Life Whole Life Guardian.
Talk to us or seek advice from a financial adviser before making any decision about China Life Whole Life Guardian.
Read About: Where do you start with financial planning?
Read About: 8 Commonly made financial mistakes by Singaporeans
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 payouts 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 worst, to find out you could compare whole life insurance plans here, 100% free of charge on the InterestGuru.sg platform.
Is China Life Whole Life Guardian suitable for you?
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
Additional readings
- The 8 Overall Best Whole Life Insurance Plan in Singapore (2023 Edition)
- The 8 Overall Best Term Life Life Insurance Plan in Singapore (2023 Edition)
