Flexible whole of life plan to customise your protection cover
What is TM Legacy LifeFlex?
TM Legacy LifeFlex is a participating whole of life plan designed with flexibility to increase your coverage through the Boosters1. With TM Legacy LifeFlex, you will be covered against death, Terminal Illness (TI) and Total and Permanent Disability (TPD). It is ideal for those who want to enjoy high protection cover when they are actively employed and want to receive income for life2 during their golden years.
Note: 1 All Boosters are optional non-participating riders on TM Legacy LifeFlex to boost up the protection coverage until the policy anniversary on which the life assured is age 65. 2 Starting from the policy anniversary on which the life assured is age 65, a non-guaranteed annual dividend will be payable as long as the life assured is alive.
Why is this important to you?
Flexibility to boost your coverage based on your needs
Protection coverage of up to 10x
Income for life starting from age 65
Guaranteed premiums for Critical Illness (CI) cover
EarlyCare covers 117 medical conditions/procedures
This is suitable if you want
to look for high protection whole life plans at affordable premium and is a working adult;
to look for solutions to income replacement via a whole life policy and is a parent with young families;
to look for CI coverage via whole life policy for yourself or as a gift of love for your child;
to look for greater certainty in the premium commitment for your whole life plans and is a risk-averse customer.
This is not suitable if you want
to look for a plan with immediate surrender value or high surrender value in the early years;
to have access to your funds regularly.
DeathPays a lump sum benefit in the event of death
Total and Permanent Disability (TPD)Covers until age 70. The maximum TPD benefit payable is S$4.5 million per life, inclusive of all other insurance taken up with Tokio Marine Life Insurance Singapore Ltd.
Terminal Illness (TI)The maximum TI benefit payable is S$4.5 million per life, inclusive of all other insurance taken up with Tokio Marine Life Insurance Singapore Ltd.
Additional riders to enhance your protection
CI Accelerator Rider – Accelerates the sum assured of the basic plan, up to the rider’s sum assured upon the diagnosis of any of the covered CIs.
EarlyCare Rider - Benefit payout in the event of medical conditions or procedures arising from different stages of covered CIs. Such payout may be an additional benefit or it accelerates the sum assured of the basic plan.
Waiver of Premium Rider, (Enhanced) Payer Benefit Rider & (Enhanced) Spouse Rider Future premiums will be waived in the event of death, TPD and/or upon diagnosis of any of the covered CIs
KidAssure GIO Rider Covers death, child-related illnesses and hospitalisation benefit. In addition, 80% of premiums paid will be refunded upon the rider’s maturity at age 19.
All ages mentioned in this webpage are based on age next birthday.
This plan is underwritten by Tokio Marine Life Insurance Singapore Ltd. and is only available through our authorised distributors. Kindly obtain the required product disclosures and seek advice from a financial adviser before making a commitment to purchase this plan. As buying a life insurance policy is a long-term commitment, an early termination of the policy usually involves high costs and the surrender value, if any, that is payable to you may be zero or less than the total premiums paid. It is also detrimental to replace an existing life insurance policy with a new one as the new policy may cost more or have fewer benefits at the same cost.
For policies distributed in Singapore:
This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of the coverage, where applicable, please contact us or visit the LIA or SDIC websites (www.lia.org.sg or www.sdic.org.sg).
Information shown is for reference only and is correct as at 5 April 2018.