Term Life

Income TermLife Solitaire: Securing Your Legacy and Business Success

In today's fast-paced world, where success is hard-earned and carefully cultivated, protecting your achievements and ensuring your legacy becomes paramount . If you're a high-achieving individual looking for a premium term life insurance solution, Income's TermLife Solitaire might be the perfect fit for you. Let's dive deep into what this exclusive product offers and how it can safeguard your future and that of your loved ones.

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What is Income TermLife Solitaire?

TermLife Solitaire is a premium term life insurance product designed specifically for successful individuals who require substantial coverage . It's not just an insurance policy; it's a comprehensive solution that helps you keep your legacy alive, protect your business, and enjoy peace of mind knowing that your financial future is secure.

Key Features That Set TermLife Solitaire Apart

High Coverage Amount

Minimum coverage of $500,000 , ideal for those needing substantial protection

Guaranteed Renewal

Option to renew your policy up to age 100 (last birthday), ensuring long-term protection

Affordable Premiums

High coverage at competitive rates

Complimentary Medical Concierge Service

Available for policies with a minimum sum assured of $3 million , includes arranged medical check-ups and complimentary transport

Flexible Policy Terms

Choose from 10, 15, 20, 25, 30, 35, or 40 years, or select coverage up to age 64, 74, 84, or 100 (last birthday)

Optional Riders for Enhanced Protection

Customize your coverage with additional benefits

Real premiums suggested for Income TermLife Solitaire

26, Female making $5,265 a month

Coverage:
TPD
$500,000
death
$500,000
critical illness
$300,000
terminal illness
$500,000
early critical illness
$300,000
Premium:
$2,565.75
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41, Male making $10,000 a month

Coverage:
death
$500,000
critical illness
$300,000
terminal illness
$500,000
early critical illness
$300,000
total and permanent disability
$500,000
Premium:
$4,575.15
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34, Male making $16,666.667 a month

Coverage:
death
$1,000,000
critical illness
$250,000
terminal illness
$1,000,000
early critical illness
$250,000
total and permanent disability
$1,000,000
Premium:
$3,900.45
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26, Female making $9,166.667 a month

Coverage:
TPD
$1,000,000
death
$1,000,000
critical illness
$250,000
terminal illness
$1,000,000
early critical illness
$250,000
Premium:
$2,143.2
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26, Male making $5,000 a month

Coverage:
TPD
$500,000
death
$500,000
critical illness
$250,000
terminal illness
$500,000
early critical illness
$250,000
Premium:
$1,775.1
Read More
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What Does TermLife Solitaire Cover?

Death Benefit

Pays out the sum assured if the insured passes away during the policy term

Terminal Illness

Provides the sum assured if the insured is diagnosed with a terminal illness

Total and Permanent Disability

Offers coverage if the insured becomes totally and permanently disabled (with optional rider)

Critical Illness

Provides protection against early, intermediate, and advanced stage specified dread diseases (with optional rider)

Hospital Cash Benefit

Offers daily payouts for hospitalization (with optional rider)

How Much Coverage Can You Get?

TermLife Solitaire offers high coverage amounts starting from $500,000 . The exact amount of coverage you can get depends on your individual needs and financial situation. Income recommends working with a financial advisor to determine the right amount of coverage for you.

Click here to get personalized coverage recommendations from 5 expert advisors

How Much Does It Cost?

The cost of TermLife Solitaire varies based on several factors:

  • Your age
  • Your health condition
  • The coverage amount you choose
  • The policy term you select
  • Any additional riders you add

For example, in the brochure, a 40-year-old non-smoking couple each getting $1 million coverage till age 100 would pay:

  • $4,510 per year for the wife's policy
  • $5,705 per year for the husband's policy

These premiums include additional riders like Payor Premium Waiver and Disability Accelerator.

Why Compare Income TermLife Solitaire 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

Optional Riders to Enhance Your Coverage

Disability Accelerator

Pays out if you become totally and permanently disabled

Total Protect

Covers early, intermediate, and advanced stage specified dread diseases

Hospital CashAid

Provides daily cash benefit during hospitalization, includes additional benefits for ICU stays and major impacts

Payor Premium Waiver

Waives future premiums if the payor dies or becomes totally and permanently disabled

Enhanced Payor Premium Waiver

Includes benefits of Payor Premium Waiver, also waives premiums if the payor is diagnosed with terminal illness or specified dread diseases

Dread Disease Premium Waiver

Waives future premiums if you're diagnosed with a specified dread disease

Real-Life Scenarios: How TermLife Solitaire Works

Protecting Your Family

Mr. and Mrs. Tan, both 40 years old, each purchase a $1 million TermLife Solitaire policy on each other's lives. If Mr. Tan is diagnosed with total and permanent disability at age 60: Mrs. Tan receives a $1 million payout from her policy on Mr. Tan, and the policy on Mrs. Tan remains in force with premiums waived.

Safeguarding Your Business

ABC Company insures its 50-year-old director, Mr. Ong, with a $2 million TermLife Solitaire policy for 15 years. If Mr. Ong passes away or becomes totally and permanently disabled: The company receives a $2 million payout, helping cushion the business impact until a replacement is found.

Pros and Cons of TermLife Solitaire

Pros

  • High coverage amounts suitable for high-net-worth individuals

  • Guaranteed renewability up to age 100

  • Flexible policy terms

  • Option to add various riders for comprehensive protection

  • Complimentary medical concierge service for high-value policies

Cons

  • Higher premiums compared to standard term life policies

  • May be more coverage than needed for some individuals

  • Renewal premiums increase with age

Who Should Consider TermLife Solitaire?

  • High-income earners needing substantial coverage

  • Business owners wanting to protect their key personnel

  • Individuals looking to leave a significant legacy for their beneficiaries

  • Those who want the flexibility to enhance their coverage with various riders

Frequently Asked Questions

Can I change my coverage amount later?

You should check with Income about options for adjusting your coverage after purchase.

What happens if I outlive my policy term?

You have the option to renew your policy, with guaranteed renewal up to age 100 .

Are the premiums fixed throughout the policy term?

Premiums are not guaranteed and may increase with age or at renewal.

Can I add riders after purchasing the policy?

Check with Income about options for adding riders after the initial purchase.

What's not covered by this policy?

Like most insurance policies, there are exclusions. For example, pre-existing conditions may not be covered. Always refer to the policy contract for full details.

Conclusion

Income TermLife Solitaire offers a premium solution for those seeking substantial life insurance coverage . With its high coverage amounts, flexible terms, and optional riders, it provides a comprehensive way to protect your legacy and business interests. However, as with any significant financial decision, it's crucial to carefully consider your needs and consult with a financial advisor before making a choice.

Remember, the best insurance policy is one that aligns perfectly with your unique financial situation and future goals. If you're considering TermLife Solitaire or any other high-value insurance product, it's always wise to get expert advice tailored to your specific circumstances.

Ready to explore your options further? Don't rely on just one perspective. Get expert insights customized to your unique needs. Sign up now to receive 5 expert opinions on high-value term life insurance . These professionals will review your specific situation and provide personalized recommendations, helping you make the most informed decision possible.

By consulting with multiple experts, you'll gain a comprehensive understanding of your options and ensure you're choosing the best coverage to secure your legacy and protect your achievements. Don't leave your financial future to chance – get the expert advice you deserve today.

Click here to get 5 expert opinions on high-value term life insurance

Why people were suggested Income TermLife Solitaire

Anne
Anne, 26
GenderFemale
Monthly Income$5,265
Insurance Types Suggested
  • Personal Accident
  • Critical Illness
  • Disability
  • Whole Life
Why Termlife Solitaire was suggested:
The Termlife Solitaire term life policy is an alternative option to the whole life policy, offering coverage till age 75 for critical illness, total and permanent disability, terminal illness, and death. While more affordable than the whole life option, it provides substantial coverage amounts to address the prospect's concerns for income replacement and financial support for dependents during the policy term.
Macis
Macis, 41
GenderMale
Monthly Income$10,000
Insurance Types Suggested
  • Critical Illness
  • Term Life
Why Termlife Solitaire was suggested:
Termlife Solitaire is recommended to provide comprehensive coverage for critical illness, total and permanent disability, terminal illness, and death until age 65. The high coverage amounts of $500,000 for disability, terminal illness, and death can serve as income replacement for dependents should any unfortunate event occur during the working years. The critical illness coverage of $300,000 aligns with the Life Insurance Association of Singapore's recommended amount.
Benjamin
Benjamin, 34
GenderMale
Monthly Income$16,666.667
Insurance Types Suggested
  • Hospital
  • Personal Accident
  • Critical Illness
  • Term Life
Why TermLife Solitaire was suggested:
The TermLife Solitaire policy is recommended to provide comprehensive coverage for death, total and permanent disability, and critical illness based on the prospect's income of $200,000 per year. The coverage amounts align with the advisor's suggested guidelines of 5x annual income for critical illness ($250,000 each for early and late stage) and 10x annual income for death and total and permanent disability ($1,000,000 each). This term life insurance policy offers protection until age 75, which is a suitable duration for the prospect's current life stage. The annual premium of $3,900.45 falls within the stated budget of $5,000 per year.
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