Etiqa DIRECT Whole Life Review
The complete Pros and Cons on Etiqa DIRECT Whole Life
Etiqa DIRECT whole life product details
- Life policy – Whole Life Policy
- Issuance age from 19 to 65 years old
- Accumulates bonuses that increase your protection over time
- Pays out a guaranteed lump sum plus accumulated bonuses (if any) in the event of death, total and permanent disability (up to age 65) or terminal illness
- Choose your protection level between $50,000 and $200,000
- Choose whether to pay your premium up to age 70 or 85, while enjoying life-long protection
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 Etiqa DIRECT whole life 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: 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
DIRECT – Etiqa CI rider
Additional Features and Benefits
Yes.
For further information and details, refer to Etiqa website. Alternatively, fill up the form below and let us advise accordingly.
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Etiqa DIRECT whole life may be suitable if you are looking for
Etiqa DIRECT whole life may potentially be a good fit if the following matters to you:
- Higher protection for Death and Terminal Illness coverage at an affordable premium.
- Higher 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?
Etiqa DIRECT whole life may not be suitable if you are looking for
Etiqa DIRECT whole life 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.
In-depth Review: 3 Best Endowment Savings Plans in Singapore with Lifetime Wealth Accumulation (2023 Edition)
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Further considerations on Etiqa DIRECT whole life
- How is Etiqa or Etiqa DIRECT whole life investment returns based on historical performance?
- How does Etiqa DIRECT whole life compare with Whole Life Policy from other insurance companies?
- Can Etiqa DIRECT whole life fulfil my financial insurance, health and protection needs?
The above information may not fully highlight all the product details and features on Etiqa DIRECT whole life. Talk to us or seek advice from a financial adviser before making any decision about Etiqa DIRECT whole life.
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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 Etiqa DIRECT whole life 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.
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