China Taiping i-WealthSaver Review
The complete Pros and Cons on China Taiping i-WealthSaver
China Taiping i-WealthSaver is a limited-pay savings plan that provides flexible premium payment and policy terms to match your financial goals and lifestyle, ensuring you have the opportunity to secure your future while tailoring the plan to your unique needs.
China Taiping i-WealthSaver product details
- Life policy – Endowment and Saving policy
- Flexible Premium Payment & Policy Terms
- Choose to pay a Single Premium or premiums over 5, 10, 15 or 20 years
- Choose a policy/maturity term of 10, 15, 20 or 25 years
- Capital Guaranteed – 100% of your total premiums paid is guaranteed after:
- Single Premium – 5 years
- 5, 10, 15, 20 years premium term – 5 years thereafter
- Secondary Life Insured
- You can appoint your loved ones to be the secondary life insured (SLI) in the event of your passing
- Death Coverage
- A lump sum benefit will be paid out in the event of your passing
- If you have appointed an SLI, he/she can choose to receive this lump sum benefit and the plan will terminate or
- He/she can continue the policy until your supposed age of 120 while reaping the benefits of this plan
- Hassle-free Application
- Guaranteed acceptance, no health checks needed
Read About: Endowment and Saving policy: How does it work?
Read About: Endowment and Saving policy: Is it the best option?
Features of China Taiping i-WealthSaver at a glance
Cash and Cash Withdrawal Benefits
Cash value: Yes
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
NIL
Additional Features and Benefits
NIL
For further information and details, refer to China Taiping website. Alternatively, fill out the form below and allow a licensed financial adviser to provide advice tailored to your needs at no cost to you.
Read About: Effects of compounding returns
Read About: 4 Best Endowment Insurance Savings Plans in Singapore (2023 Edition)
China Taiping i-WealthSaver may be suitable if you are looking for
China Taiping i-WealthSaver may potentially be a good fit if the following matters to you:
- A hassle-free application without medical underwriting
- Medium term endowment and savings plan
- Flexible premium term of 5 or 10 years
- An endowment plan with a short maturity term
- Lifetime regular cash payout
- To potentially generate higher financial returns compared to bank accounts
- Savings plan with insurance coverage against Death
China Taiping i-WealthSaver may not be suitable if you are looking for
China Taiping i-WealthSaver may potentially be a bad fit if the following matters to you:
- Liquidity or flexibility of withdrawal in your Insurance policy
- High insurance coverage for Death or Terminal Illness
- Insurance coverage for Early Critical Illness, Critical Illness or Total and Permanent Disability
- A one-time premium commitment with no further cash commitment
- Potentially higher financial returns compared to a pure investment product
- Insurance policy with a high surrender value in the early years of the policy
- Passing on a legacy to your loved one(s)
Further considerations on China Taiping i-WealthSaver
- How are China Taiping or China Taiping i-WealthSaver investment returns based on historical performance?
- How does China Taiping i-WealthSaver compare with Endowment policies from other insurance companies?
- Can China Taiping i-WealthSaver fulfill my financial, insurance, health, and protection needs?
The above information may not fully highlight all the product details and features of China Taiping i-WealthSaver. Talk to us or seek advice from a financial adviser before making any decision about China Taiping i-WealthSaver.
Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering taking up.
Read About: 3 things to consider before taking up a new financial product
Is China Taiping i-WealthSaver suitable for me?
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