Safeguard Your Legacy and Loved Ones and with TermLife Solitaire

By Jeff Cuellar, 08 March 2019 3792

There’s no better feeling than seeing your hard work pay off — such as advancing your career with an important promotion or starting your own business.  

As you continue to achieve success and reach important milestones like getting married, buying your first home, having kids or expanding a business — it’s important to ensure that your family and financial commitments are protected. And one of the best ways to do that is with life insurance. 

There are several types of life insurance policies available, but if you’re a business owner or entrepreneur, Income’s TermLife Solitaire policy may provide the protection you need to preserve your legacy. 


What is Term Life Insurance? 

Term life insurance provides you with protection over a fixed period of time, which can range from 5 to 40 years or up to a specified age (e.g. 100 years old), depending on the policy. During the policy term, should death or total and permanent disability (TPD before the age of 70)* occur, the sum assured will be paid^.   

Unlike other types of life insurance, term life policies do not have an investment or savings component (i.e. cash value). That’s because the purpose of the policy is to ensure your loved ones are provided for and your business interests and financial commitments are taken care of if you are unable to provide the income to meet your obligations. 

*TPD protection is provided as a rider in most term life policies.
^Terms and conditions apply.


The Benefits of Income’s TermLife Solitaire Policy

TermLife Solitaire provides high insurance protection against death and terminal illness. It provides a wide coverage term range (up to age 100), with the option to enhance your coverage with TPD (before the age of 70) or dread disease, based on your protection needs. 

Here are several key benefits^ that Income’s TermLife Solitaire provides: 

  • High Coverage - Protect yourself with $500,000 or more in coverage
  • Guaranteed Renewal - Option to extend your coverage after your policy term expires with guaranteed renewal up to a maximum age of 100 (last birthday)
  • Enhanced Coverage Options - Enhance your life insurance coverage with a variety of riders such as Disability Accelerator, Dread Disease Accelerator and several premium waiver options
  • Payment Frequency - Make premium payments monthly, quarterly, bi-annually or annually

^Terms and conditions apply. 


What Makes Income’s TermLife Solitaire Different? 

What sets Income’s TermLife Solitaire different apart from other policies is that it’s well-suited for those who want to safeguard their most important assets — their legacy and their business.  

TermLife Solitaire protects your legacy

TermLife Solitaire provides you with peace of mind that in the event you pass on, your family will not have to experience financial hardship. With the policy’s extensive protection of $500,000 or more, you can rest assured that your family’s standard of living will not be affected — your financial obligations such as your mortgage can be paid off, your kids can continue with their education and your spouse won’t have to experience further financial hardship. 

Here’s a simple example of how Income’s TermLife Solitaire would protect a couple that purchased policies for each other: 


TermLife Solitaire protects your business interests

TermLife Solitaire provides you with the security of knowing that in the event of your passing, all of hard sweat and labour that you poured into your business will not go to waste. If you own a small business, the policy’s coverage of $500,000 or more in protection can ensure that business debts and expenses are covered — so your business can continue to thrive and serve customers. 

Here’s a simple example of how Income’s TermLife Solitaire would protect a middle-aged business owner: 


Ready to Learn More about TermLife Solitaire? 

To learn more about how Income’s TermLife Solitaire policy can help protect your legacy and business interests, check out the brochure here or visit Adviser Connect to speak to a financial planner today.

This advertisement has not been reviewed by the Monetary Authority of Singapore.