MyLifeChoice

Illustration

Securing the future of young ones

Mdm Chua, aged 35 bought MyLifeChoice plan to provide a head start for her 1-year old daughter’s protection and saving needs. Here are the benefits:

• Mdm Chua chooses a basic sum assured of S$100,000 for her daughter (based on her age next birthday). She pays a S$94.45 monthly premium for the next 15 years so that her daughter is able to get 275% of protection coverage (S$275,000) through the Minimum Protection Value (MPV)1 for the first 20 years.

On her daughter’s 21st birthday, Mdm Chua decides to give this policy to her.

• MyLifeChoice plan guarantees an extra protection of up to 50% of basic sum assured, or S$250,000 per life whichever is lower, in the event that Mdm Chua’s daughter graduates from University a year later. If her daughter utilises the Guaranteed Extra Protection (GEP) option of increasing the coverage by 50%, she will get a total protection of S$150,000.

Protecting families with whole-of-life plan

Mr Lee, aged 34 (age next birthday) bought MyLifeChoice to protect his family. Here are the benefits:

• Mr Lee chooses a basic sum assured of S$250,000 based on his age next birthday, to get a 200% of protection coverage (S$500,000) through the Minimum Protection Value (MPV)1 for the first 20 years and pays a S$592.20 monthly premiumfor 15 years.

When Mr Lee becomes a father, he decides to opt for extra coverage.

• MyLifeChoice guarantees an extra protection of up to 50% of the basic sum assured, or S$250,000 per life whichever is lower, in the event that Mr Lee becomes a parent, without him providing evidence of his health. If he utilises the Guaranteed ExtraProtection (GEP) option of increasing the coverageby 50%, he will get a total protection of S$625,000.