Etiqa Essential whole life cover Review

Etiqa Essential whole life cover is a whole life plan that offers coverage up to 4x the Sum Assured against Death, TPD, and TI with a premium payment term over 5, 10, 15 or 20 years.

Etiqa Essential whole life cover product details

• Life policy – Whole Life Policy
• Option to increase coverage at key milestones without medical checks
• Lifetime Coverage
  • Be protected 100% of Sum Assured against Death, Total and Permanent Disability, and Terminal Illness
  • If needed, select a multiplier coverage 2x, 3x or 4x of Sum Assured which multiplies your coverage till age 65 or 80
  • Choose to pay premiums over 5, 10, 15 or 20 years
• Yearly Payouts
  • From the age of 65, you can choose to start receiving yearly income to supplement your retirement for 10 years
• Riders available to cover Early Critical Illness, Critical Illness, and premium waivers

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 Essential whole life cover 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 (Yes with rider)
Early Critical Illness: No (Yes with rider)

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 CI protection rider
• CI protection rider
• Extra secure waiver
• Extra payer waiver

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 Essential whole life cover may be suitable if you are looking for

Etiqa Essential whole life cover may potentially be a good fit if the following matters to you:

• High protection for Death. Total and Permanent Disability, and Terminal Illness coverage
• High Early Critical Illness, Critical Illness coverage in an Insurance Policy with riders
• 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 insurance vs Whole Life insurance – Which is better for you?

Etiqa Essential whole life cover may not be suitable if you are looking for

Etiqa Essential whole life cover 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)

In-depth Review: 3 Best Investment Linked Policies in Singapore for Wealth Accumulation (2023 Edition)

Further considerations on Etiqa Essential whole life cover

• How are the investment returns of Etiqa or Etiqa Essential whole life cover based on historical performance?
• How good is Etiqa Essential whole life cover compared to Whole Life Policy from other insurance companies?
• Can Etiqa Essential whole life cover fulfill my financial insurance, health, and protection needs?

The above information may not fully highlight all the product details and features on Etiqa Essential whole life cover. Talk to us or seek advice from a financial adviser before making any decision about Etiqa Essential whole life.

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

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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 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 can compare whole life insurance plans here,  100% free of charge on the InterestGuru.sg platform.

Is Etiqa Essential whole life cover 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.

*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

Before you go...

Etiqa Essential whole life cover 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.

Drop us a message and find out about customised options across multiple insurance companies. You deserve to get the best out of your hard-earned savings!

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