VivoAssure: Layer Up for Ultimate Protection, Even From The Unknown

By Joanne Poh, 23 April 2019 6460


Image: iStock

Much of our energy and actions go towards securing a happy, healthy life for ourselves and our loved ones, but sometimes you get dealt a hand of cards you couldn’t have predicted. 

Often, unexpected illnesses or health problems are accompanied by great financial strain and stress on both the individual and the family of the affected person. 

That’s why ensuring you are adequately insured is so important. True Care for your family means making sure that, should anything happen to you, you don’t incur a financial burden that your loved ones will have to bear.

But getting protected is easier said than done. How much protection is really enough? Without a crystal ball, it’s hard to tell what level of protection is going to be sufficient, or which areas of coverage you will need in future.

That’s where Income’s VivoAssure can help. Just as you can add extra layers of clothing for warmth when travelling in a cold climate, VivoAssure lets you add protection to your plan for greater security.
 


 

What is VivoAssure and how does it layer up to protect you?


In a nutshell, VivoAssure is a whole life insurance plan that provides you with protection in the event of death, total and permanent disability, and terminal illness.

If you think about dressing up for cold weather, this would be like the base layer that you’d put on. The good thing about this layer is that it is customizable to your needs. You can choose from five levels of protection – up to 500% of the sum assured till age 70. With such high protection comes peace of mind in knowing that your family will be taken care of no matter what. 

Advanced Assure Accelerator rider
Layer up your coverage by adding the Advanced Assure Accelerator rider for protection against 39 advanced stage dread diseases. This rider also boasts the unique Major Impact Benefit which is the first in Singapore to offer protection even against future unknown diseases.

Before age 85, the Major Impact Benefit provides protection in the event that you undergo surgery or suffer from an infection and are required to stay in the intensive care unit (ICU) of a hospital for 5 days or more in one hospital admission.

So what, you ask? 


Image: iStock

Well, with so many new diseases/infections coming up these days (think Zika!), it’s not only the illnesses you know of that you need protection from. For instance, it was recently reported that the drug-resistance fungus, Candida auris, had infected 11 patients – two of which later died. And what about situations like severe food poisoning – a common occurrence in Singapore? In 2018, three incidents saw more than 400 people in Singapore get hit with food poisoning, with one victim later dying in hospital.

With the Major Impact Benefit, you will no longer have to worry that your cover is only limited to certain diseases under your policy. You can focus on your recovery, knowing that the financial fallout from your sudden ICU stay will be taken care of. Like the mid-layer in your winter get-up, this layer keeps you warm and comfortable against the cold!

Easy Assure Accelerator rider


Image: iStock


To ensure you receive the best possible care from the moment an illness strikes, you can boost your coverage to a total of 121 medical conditions with the Early Assure Accelerator rider.

Like a comfy ski jacket or windbreaker, this rider protects you from initial blasts of cold wind, enabling you to receive coverage of up to $350,000 for early and intermediate stage dread diseases. 

What is more, thanks to the Advanced Restoration Benefit, 2 years after making a claim for an early or intermediate stage dread disease, 50% of your coverage for stroke, major cancers or heart attack (of specified severity) gets automatically restored. That means you stay protected from 3 of the top health threats, even after making that first claim.  
 

Flexibility and other benefits


Besides being highly customizable, with a minimum protection value of up to 500% of the sum assured till age 70, you are also entitled to up to 200% of the sum assured in the event of accidental death at age 70 or below.

There is also a wide range of premium terms available – 5, 10, 15, 20, 25 and 30 years or up to the age of 64 – giving you flexibility in that respect as well.

VivoAssure also offers a one-time retrenchment benefit. If you are ever retrenched and stay unemployed for 3 straight months involuntarily, this retrenchment benefit gives you the assurance that you do not have to pay up to 6 months of premiums for your basic policy, while still continuing to receive the same coverage during that period.

And if you’re lucky enough to make it to old age with no claims on your plan, it provides cash value in the later years of the policy, making it a good choice if you’d like the option of some extra retirement income.
 

VivoAssure is the ultimate insurance plan for truly comprehensive protection



Image: iStock

No matter what curveballs life throws at you, you’ll be ready to play catch with VivoAssure. Its flexibility and high levels of protection make it the ideal tool to help you stay protected and give your family true peace of mind. 

As we take many steps to ensure our family is physically safe and protected today, we need to go above and beyond. True Care is giving your family the confidence and ability to tackle life when you can’t be there, as well as the security and assurance that they will be taken care of. 

Speak to an Income Adviser today to see how VivoAssure can work for your needs and start protecting you and your loved ones today.




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

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