Great Eastern MortgageCare Review
The complete Pros and Cons on Great Eastern MortgageCare
Great Eastern MortgageCare has been discontinued. For further information and details about this plan, fill up the form below and let us advise you accordingly.
Great Eastern MortgageCare product details
- Non-participating policy – Term policy
- In the event of death, terminal illness or disability before you reach 65 years of age, your family will receive a lump sum amount that’ll help pay off the mortgage
- If you and your spouse are co-owners of the house, a joint-life MortgageCare plan will ensure mortgage settlement if anything happens to either of you
- Option to opt for cover against 37 critical illnesses with the MortgageCare (Living Assurance) plan
- Premium remains unchanged throughout the limited payment term, while your protection continues right through the plan term
Great Eastern Mortgage Care is a common search alternative for Great Eastern MortgageCare.
Read About: Term Policy: How does it work?
Read About: 3 things to consider before taking up a new financial product
Features of Great Eastern MortgageCare 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
NA
Additional Features and Benefits
Yes.
Read Also: No budget for financial planning?
Great Eastern MortgageCare may be suitable if you are looking for
Great Eastern MortgageCare may potentially be a good fit if the following matters to you:
- High Health and Protection coverage
- High insurance coverage for Death or Terminal Illness
- High insurance coverage for Early Critical Illness, Critical Illness or Total Permanent Disability
- Lower initial premium compared to other types of insurance policies
- Looking to boost insurance coverage or fill shortfall in insurance portfolio
Great Eastern MortgageCare may not be suitable if you are looking for
Great Eastern MortgageCare 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 Great Eastern MortgageCare
- How is Great Eastern or Great Eastern MortgageCare payout and claims based on past track record?
- How does Great Eastern MortgageCare compare with Term policy from other insurance companies?
- Can Great Eastern MortgageCare fulfil my financial, insurance, health and protection needs?
The above information may not fully highlight all the product details and features on Great Eastern MortgageCare. Talk to us or seek advice from a financial adviser before making any decision about Great Eastern MortgageCare.
Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering to take up.
Is Great Eastern MortgageCare 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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