NTUC Income Senior Plan Review
The complete Pros and Cons on NTUC Income Senior Plan
NTUC Income Senior Plan product details
NTUC Income Senior Plan is featured in our 8 Best Whole Life Insurance Plans in Singapore for best in Seniors/ Age above 50s features. *NEW*
- Life policy – Whole Life Policy
- Pays in the event of death or total and permanent disability (TPD before the age of 70). The amount payable depends on when the event occurs
- Your policy will be given guaranteed acceptance as long as you have not been hospitalised in the past 12 months from the date of application
- You can enjoy a hassle-free application with no need for any medical examination
- Pay premiums for 10 years and your insurance coverage is guaranteed for a lifetime
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 NTUC Income Senior Plan 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: 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
NA
Additional Features and Benefits
Yes.
For further information and details, refer to NTUC Income website. Alternatively, fill up the form below and let us advise accordingly.
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NTUC Income Senior Plan may be suitable if you are looking for
NTUC Income Senior Plan may potentially be a good fit if the following matters to you:
- A hassle-free application without medical underwriting
- 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
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NTUC Income Senior Plan may not be suitable if you are looking for
NTUC Income Senior Plan 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 NTUC Income Senior Plan
- How is NTUC or NTUC Income Senior Plan investment returns based on historical performance?
- How does NTUC Income Senior Plan compare with Whole Life Policy from other insurance companies?
- Can NTUC Income Senior 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 Senior Plan. Talk to us or seek advice from a financial adviser before making any decision about NTUC Income Senior Plan.
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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 NTUC Income Senior 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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