NTUC Income Mortgage Protection Plan Review

NTUC Income Mortgage Protection Plan product details

• Non-participating policy – Term policy
• Pays off the outstanding balance of your housing loan in the event of death or total and permanent disability (TPD before age 70)
• Depending on the number of years remaining for your mortgage loan, you can choose to be covered by this plan from 5 to 35 years

Read About: Term Policy: How does it work?

Read About: 3 things to consider before taking up a new financial product

Features of NTUC Income Mortgage Protection Plan 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: 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

Living Rider
Payor Premium Waiver
Enhanced Payor Premium Waiver
Dread Disease Premium Waiver
Early Cancer Waiver

Additional Features and Benefits

Yes.

For further information and details, fill-up the form below and let us advise accordingly.

Read Also: No budget for financial planning?

NTUC Income Mortgage Protection Plan may be suitable if you are looking for

NTUC Income Mortgage Protection Plan 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

NTUC Income Mortgage Protection Plan may not be suitable if you are looking for

NTUC Income Mortgage Protection Plan 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 NTUC Income Mortgage Protection Plan

• How is NTUC Income or NTUC Income Mortgage Protection Plan payout and claims based on past track record?
• How does NTUC Income Mortgage Protection Plan compare with Term policy from other insurance companies?
• Can NTUC Income Mortgage Protection Plan fulfil my financial, insurance, health and protection needs?

The above information may not fully highlight all the product details and features on NTUC Income Mortgage Protection Plan. Talk to us or seek advice from a financial adviser before making any decision about NTUC Income Mortgage Protection Plan.

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

Is NTUC Income Mortgage Protection Plan 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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Before you go...

NTUC Income Mortgage Protection Plan 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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