Tokio Marine goWealth Enrich Review
The complete Pros and Cons on Tokio Marine goWealth Enrich
Tokio Marine goWealth Enrich is a single premium whole life investment-linked policy that gives you yearly loyalty bonus of 0.22% p.a. and death and accidental death coverage up to 120% of the single premium account value.
Tokio Marine goWealth Enrich product details
- Life Policy – Investment-linked policy
- Single Premium Investment Linked Policy
- Pay a single premium and enjoy investment and death coverage for life
- You can choose to pay in SGD, AUD, GBP, USD or EUR
- You can also change your preferred currency from the 2nd policy year
- Death & Accidental Death Coverage
- You are covered 105% of the Single Premium Units Account (SPA) against death or
- 120% of the SPA against accidental death
- Loyalty Bonus
- Receive yearly Loyalty Bonus of 0.22% p.a. from the end of the first policy year onwards
- Dividend Payout Option
- Invest in dividend-paying funds to receive dividends that you can reinvest or spend
- More Life Assureds
- You can enroll in up to 4 life assured in this ILP
- You can change life assured at anytime
- Access to Best-in-Class Funds
- Gain investment exposure to world-class funds
- Flexibility in an ILP
- Flexibility to make partial withdrawal and switch funds
- Flexibility to top-up or recurring single premium options to keep growing your investment
- Guaranteed Acceptance
- No medical checks are required to take up this investment linked policy
Read about: Investment-Linked Policy: Is it the best option?
Read about: 3 best Investment Linked Policies in Singapore (Updated)
Features of Tokio Marine goWealth Enrich at a glance
Cash and Cash Withdrawal Benefits
- Cash value: Yes
- Cash withdrawal benefits: Yes
Health and Insurance Coverage
- Death: Yes
- Total Permanent Disability: No
- 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
Nil
Additional Features and Benefits
Yes.
For further information and details, refer to Tokio Marine website. Alternatively, fill up the form below and let us advise accordingly.
Read about: Effects of compounding returns on your investments
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Tokio Marine goWealth Enrich may be suitable if you are looking for
Tokio Marine goWealth Enrich may potentially be a good fit if the following matters to you:
- To participate in the long-term financial returns of investing
- A full-forced investment-linked policy with minimal insurance coverage
- Able to take investment risks and comfortable with financial market volatility
- Single premium investment option with no further financial commitment
- Potentially higher financial returns compared to traditional Endowment and Whole Life policies.
- Insurance options without medical underwriting
Read about: An introduction to Investment Linked Policy
NEW Feature: Compare investment-linked policies across insurance companies using the CompareNOW feature on InterestGuru.sg.
Tokio Marine goWealth Enrich may not be suitable if you are looking for
Tokio Marine goWealth Enrich may potentially be a bad fit if the following matters to you:
- Health and Protection coverage
- High Death and Terminal Illness coverage
- Insurance coverage for Early Critical Illness, Critical Illness or Total Permanent Disability
- Guaranteed financial returns in the long run
- Regular-pay premium term investment plan (e.g. pay premiums for 5/10/15 years)
- 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
Further considerations on Tokio Marine goWealth Enrich
- How is Tokio Marine or Tokio Marine goWealth Enrich investment returns based on historical performance?
- How does Tokio Marine goWealth Enrich compare with Endowment policies from other insurance companies?
- Can Tokio Marine goWealth Enrich fulfill my financial, insurance, health, and protection needs?
The above information may not fully highlight all the product details and features of Tokio Marine goWealth Enrich. Talk to us or seek advice from a financial adviser before making any decision about Tokio Marine goWealth Enrich.
Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering taking up.
Where can I compare the payout and benefits of Investment Linked Policies?
Before committing to an 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?
Use our Compare NOW feature to receive the most competitive quotes on Investment linked Policies.
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Is Tokio Marine goWealth Enrich suitable for me?
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