NTUC Income VivaLink Review
The complete Pros and Cons on NTUC Income VivaLink
NTUC Income VivaLink has been discontinued. For further information and details about this plan, fill up the form below and let us advise you accordingly.
NTUC Income VivaLink policy details
NTUC Income VivaLink Rating on InterestGuru.sg: [usr=3.16]
NTUC Income VivaLink Popularity on InterestGuru.sg: [usr=3]
Read About: 3 best Investment Linked Policies in Singapore (updated 2023)
- Life Policy – Investment-linked policy
- Pays the basic benefit or cash-in value, whichever is higher, less any applicable fees and charges due on your policy, in the event of death or total and permanent disability (TPD before age 70)
- Receive an additional 100% of the sum assured or $100,000, whichever is lower if death or total and permanent disability is due to an accident. If the accident happened during a restricted activity, NTUC Income only pay an additional 30% of the sum assured or $30,000 on top of the death benefit, whichever is lower
- Insurance coverage is guaranteed in the first 10 years of your policy, regardless of its cash value
- Additional 5% special bonus allocation for the premiums payable in the 15th and 20th policy year
- After the 10th policy year, you may reduce your insurance coverage to zero from age 55 onwards to maximise wealth accumulation
- You will not be charged or limited to the number of fund switches made per year
- You have the freedom to change the amount you want to save each time, to top-up your investment with a lump sum or to withdraw some of your investments, as often as you wish
NTUC Income Viva Link is a common search alternative for NTUC Income VivaLink.
Read About: How does Investment-Linked Policy work?
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Features of NTUC Income VivaLink at a glance
Cash and Cash Withdrawal Benefits
Cash value: Yes
Cash withdrawal benefits: Yes
Health and Insurance Coverage
Death: Yes
Total Permanent Disability: Yes
Terminal Illness: No
Critical Illness: Yes
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
Dread Disease Cover (ILP)
Dread Disease Premium Waiver (ILP)
Payor Premium Waiver
Enhanced Payor Premium Waiver
Additional Features and Benefits
Yes.
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NTUC Income VivaLink may be suitable if you are looking for
NTUC Income VivaLink may potentially be a good fit if the following matters to you:
- Initial high protection for Death and Terminal Illness coverage at an affordable premium.
- Initial high 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.
- To participate in the long-term financial returns of investing.
- Liquidity or flexibility of withdrawal in your Insurance policy.
- Able to take investment risks and comfortable with financial market volatility.
- Potentially higher financial returns compare to traditional Endowment and Whole Life Policy.
NTUC Income VivaLink may not suitable if you are looking for
NTUC Income VivaLink may potentially be a bad fit if the following matters to you:
- Life-long health and protection coverage due to increasing mortality charges.
- Guaranteed financial returns in the long-run.
- Insurance policy with a high surrender value in the early years of the policy.
- Expecting an urgent need for withdrawal during a financial market downturn.
Read About: 3 things to consider before taking up a new financial product
Further considerations on NTUC Income VivaLink
- How are the investment returns of NTUC Income or NTUC Income VivaLink based on historical performance?
- How good is NTUC Income VivaLink compared to Investment Linked Policy from other insurance companies?
- Can NTUC Income VivaLink fulfil my financial insurance, health and protection needs?
The above information may not fully highlight all the product details and features on NTUC Income VivaLink. Talk to us or seek advice from a financial adviser before making any decision about NTUC Income VivaLink.
Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering to take up.
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Read About: 3 best Investment Linked Policies in Singapore (updated 2023)
Is NTUC Income VivaLink suitable for me?
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