MyWholeLifePlan III

Lifetime protection, cash returns & flexibility to boost coverage

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Don't just live life – live confidently

Only 42% of Singaporeans think they have adequate financial protection for their dependants if they die¹. That's why we've created a plan to help you live confidently. Our comprehensive whole life insurance provides lifetime protection and cash returns² while allowing you to enhance your coverage when it's really needed.

Lifetime coverage and cash returns

Plan accumulates cash value and bonuses², and gives a payout for Death or Terminal Illness³.

Options for increased protection

Increase your protection by up to an extra 400% of your base coverage⁴.

Personalise the coverage period

Choose the duration of your increased protection up to 80 Age Next Birthday (ANB)⁴.

What MyWholeLifePlan III offers

Comprehensive lifelong financial protection against death and terminal illness. And flexibility to personalise your increased protection, while accumulating cash value and bonuses.

Key benefits

Lifetime cover
Payout in the event of Death or upon diagnosis of a Terminal Illness³.
Options for higher coverage
Enhance coverage by an extra 100%, 200%, 300% or 400% of base coverage and personalise the coverage up to age 65, 70, 75 or 80 ANB⁴.
Accumulates cash value and bonuses²
While giving you comprehensive protection.
Choice of premium payment term
Pay a single premium or pay regular premiums for 5, 10, 15, 20 or 25 years.
Option to receive monthly income⁵
A regular income stream up to age 99 ANB to supplement retirement needs, while bonuses continue to grow.
Increase coverage when you reach key milestones in life⁶
Flexibility to increase your coverage at key life events, without further health underwriting.
Interest waiver for premiums put on hold⁷
If you lose your job.

Footnotes

Terms and Conditions apply.
For complete details, please refer to the product brochure and Product Summary or speak to your preferred financial adviser representative.

¹Source: Aviva's Consumer Attitudes Survey, June 2018.

²MyWholeLifePlan III's Base Cover accumulates guaranteed and non-guaranteed cash value:

For single premium payment term – from the policy inception as long as the full single premium amount is paid.
For regular premium payment term – from the start of 3rd policy year as long as the premiums are paid up to date.

The non-guaranteed cash value is accumulated in a form of Reversionary Bonus (declared annually) and Terminal Bonus, and will depend on the performance of Aviva Ltd’s Participating Fund. Please refer to the Product Summary for more details.

³MyWholeLifePlan III covers Death and Terminal Illness for whole of life. Upon diagnosis of Terminal Illness of the Life Assured, Aviva Ltd will pay the Terminal Illness Benefit as the advancement of the Death Benefit, less any amount owing to Aviva Ltd, in one lump sum.

⁴MyWholeLifePlan III comprises of a Base Cover and an Additional Cover. It offers a choice for Additional Cover to enhance the Basic Benefits of Death and Terminal Illness by 100%, 200%, 300% or 400% of the Base Sum Assured of the basic plan. The chosen Additional Cover percentage is also applicable to the Additional Cover of its optional riders such as the Total and Permanent Disability Advance Cover III, CI Advance Cover III and Early CI Advance Cover III. The Total Sum Assured of this plan is the sum of the Base Sum Assured (Base Cover) and the Additional Sum Assured (Additional Cover). This Additional Cover will start from policy inception and end at the policy anniversary when the Life Assured attains the chosen Additional Cover expiry age of either 65, 70, 75 or 80 age next birthday (ANB) (“Additional Cover Period”). Thereafter, the Life Assured will continue to enjoy coverage without Additional Cover. Please refer to the Product Summary for more details.

⁵The Income Payout Option is available to the Life Assured from the policy anniversary when the Life Assured turns 65 ANB or at the end of the premium payment term ("Exercise Age"), whichever is later. Payout starts one month from the Exercise Age and must meet the minimum monthly income requirement. Please refer to the Product Summary for more details.

⁶The policyholder may opt for this Guaranteed Extra Protection Option at each of the following key life events without providing further evidence of insurability:

the Life Assured marries or divorces (i.e. change of marital status);
the Life Assured becomes a parent by having a newborn child, or legally adopts a child (i.e. adding a new child member to the immediate family);
the Life Assured graduates from tertiary education; or
the Life Assured purchases a property.

This option allows the policyholder to purchase a new level term Supplementary Benefit for Death or Terminal Illness benefit, with extra premium payable. The total coverage that can be taken up under this option is limited to 100% of MyWholeLifePlan III's Base Sum Assured or up to a maximum of S$500,000 per life, whichever is lower. This option is extended to standard life only and is not available for policies on single premium payment term. Please refer to the Product Summary for more details.

⁷This refers to the Waiver of Interest Benefit for policyholder aged 19 to 75 ANB who has been retrenched or unemployed and remains involuntarily unemployed for a period of three consecutive months, provided the policy has sufficient cash value to cover the total outstanding premiums. Proof of unemployment is required. Please refer to the Product Summary for more details.

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Add-ons to suit your needs

Need enhanced coverage? Consider these add-ons (riders^) when you purchase our whole life insurance.

Total and Permanent Disability (TPD) rider

Consider this rider^ to make sure you're insured against TPD, so you can worry less about finances should TPD befall you.

MultiPay Critical Illness Cover II

Up to 5 lump sum payouts of your chosen coverage amount across various stages of critical illnesses such as cancer, stroke and heart attack^.

Critical Illness riders

These riders provide coverage if ever you're critically ill. Choose from a range of riders^ to get covered against various stages of critical illnesses.

Premium Waiver riders

With these riders^, you don't have to worry about paying your premiums again. We'll waive your premiums if ever the unexpected happens to you so you can focus on what really matters.

^For more details, please refer to the Product Summary for each optional rider.

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The policy is underwritten by Aviva Ltd.

This is published for general information only and does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person. A copy of the Product Summary may be obtained from Aviva Ltd and the participating distributors' offices. You should read the Product Summary before deciding whether to purchase the policy. You may wish to seek advice from a financial adviser representative before making a commitment to purchase the product. In the event that you choose not to seek advice from a financial adviser representative, you should consider whether the product in question is suitable for you.

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. Buying health insurance products that are not suitable for you may impact your ability to finance your future healthcare needs. This is not a contract of insurance. Full details of the standard terms and conditions of this plan can be found in the relevant policy contract.

Information is accurate as at 23 April 2019.

This advertisement has not been reviewed by the Monetary Authority of 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 coverage, where applicable, please contact Aviva Ltd or visit the Life Insurance Association or SDIC websites (www.lia.org.sg or www.sdic.org.sg).