Term Life

China Life Term Guardian: Affordable Protection for Life's Uncertainties

In today's unpredictable world, having a reliable safety net is more important than ever. Whether you're just starting your career, raising a family, or planning for retirement, unexpected events can dramatically impact your financial stability. That's where China Life Term Guardian comes in. This flexible term life insurance plan offers robust protection at an affordable price , giving you and your loved ones peace of mind for the future.

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What is China Life Term Guardian?

China Life Term Guardian is a regular premium term life insurance plan designed to provide financial protection against life's major risks. It offers coverage for:

1. Death

2. Terminal Illness

3. Total and Permanent Disability (TPD)

One of the key advantages of this plan is its flexibility. You can choose from three different policy terms to suit your specific needs:

  1. 5-year renewable term
  1. 20-year term
  1. Term up to age 64

Key Benefits of China Life Term Guardian

Affordable Financial Protection

For as little as $0.48 per day (based on a 20-year term plan for an 18-year-old female non-smoker), you can secure $401,000 of coverage for death, terminal illness, and total and permanent disability. This level of protection for less than the cost of a cup of coffee is an investment in your family's future that's hard to overlook.

Guaranteed and Level Premium Rates

With China Life Term Guardian, your premium remains the same throughout the policy term (with an exception for the 5-year renewable term). This feature allows you to budget effectively, knowing your insurance costs won't unexpectedly increase.

Flexible Policy Terms

China Life Term Guardian offers three policy term options: 5-year renewable term (renewable up to age 84), 20-year term , and term up to age 64 . This flexibility allows you to choose the coverage duration that best fits your needs.

Rider Options for Enhanced Protection

Customize your coverage with riders such as the Enhanced Payer Benefit Rider, Payer Benefit Rider, and Premium Waiver Rider. These additional benefits can provide extra layers of protection tailored to your specific needs.

Why compare China Life Term Guardian with other Term Life options through Whatins?

Traditional Approach

  • Limited term length options from one insurer
  • May push longer terms than needed

Whatins Advantage

  • Compare term lengths across multiple insurers
  • See how different term life insurance periods affect premiums
  • Understand renewal options across insurers
  • See competing term length justifications and determine which one is best for you

In summary: If you want more control and multiple suggestions, then Whatins is the way to go.

Real-Life Scenarios: How China Life Term Guardian Works

Scenario 1: Mr. Seah, a 30-year-old non-smoker

Mr. Seah chooses a 5-year renewable term plan with a sum insured of SGD401,000. His yearly premium is SGD292.73. At age 33, he becomes totally and permanently disabled due to an accident. He receives a lump sum payout of SGD401,000 , helping him adapt to his new circumstances and cover medical expenses.

Scenario 2: Mrs. Wong, a 45-year-old non-smoker

Mrs. Wong opts for a 19-year term plan with a sum insured of SGD450,000. Her yearly premium is SGD742.50. At age 62, she passes away due to a heart attack. Her family receives a lump sum payout of SGD450,000 , helping them maintain their standard of living and providing financial support during a difficult time.

Important Considerations

1. For the 5-year renewable term, premiums may change at renewal based on prevailing rates and your age.

  1. The plan will automatically renew for 5-year term policies, provided certain conditions are met.
  1. As with all insurance policies, there are certain conditions under which no benefits will be payable.
  1. The Total and Permanent Disability benefit is subject to a per life limit of SGD3,000,000, aggregated across all policies and riders issued by China Life Insurance (Singapore) on the same life insured.

About China Life Insurance (Singapore)

China Life Insurance (Singapore) Pte. Ltd., established in 2015, is backed by the financial strength and heritage of China Life Insurance (Group) Company, the largest state-owned financial insurance corporation in China .

China Life has been a Fortune Global 500 company for 19 consecutive years, ranking 32 in 2021. With strong financial ratings from Moody's (A1) and Standard & Poor's (A), China Life Insurance (Singapore) offers the stability and reliability you want in an insurance provider.

Conclusion: Is China Life Term Guardian Right for You?

China Life Term Guardian offers a compelling combination of affordable premiums, flexible terms, and comprehensive coverage . It's particularly well-suited for:

  1. Young adults starting their careers who want affordable protection
  1. Parents looking to secure their family's financial future
  1. Individuals with specific medium-term financial obligations
  1. Those seeking a cost-effective way to supplement their existing life insurance coverage

However, as with any financial decision, it's essential to consider your specific circumstances and needs. While China Life Term Guardian offers valuable protection, it's a pure term insurance plan with no savings or investment component.

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