Investment Linked Plan

TM FlexiCover: Your Adaptable Investment-Linked Insurance Plan

In today's fast-paced world, change is the only constant. As you journey through life, your financial priorities shift, and your insurance needs evolve. Whether you're just starting your career, planning a wedding, welcoming a new family member, or preparing for retirement, you need a versatile plan that can keep up with your changing lifestyle. Enter TM FlexiCover , an innovative investment-linked plan (ILP) from Tokio Marine Life Insurance Singapore Ltd. that's designed to grow and adapt with you.

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What is TM FlexiCover?

TM FlexiCover is a regular premium whole life investment-linked plan that offers both protection and investment opportunities. It's designed to provide financial security for your loved ones through life coverage while allowing you to build wealth through investments. The key feature of this plan is its flexibility , allowing you to adjust your coverage and investment strategy as your life circumstances change.

Key Benefits of TM FlexiCover

Start Small, Dream Big

With a minimum monthly premium of just S$125, TM FlexiCover makes it easy to begin your investment journey while ensuring you're protected against life's uncertainties.

Adaptable Coverage

As your life evolves, so can your coverage. Increase your protection when you start a family, or reduce it as you near retirement to focus more on wealth accumulation.

Flexible Premium Payments

Received a pay raise? You can increase your regular premium to boost your investments. Facing financial constraints? You can reduce your premium (after the first two years) while maintaining coverage.

Investment Opportunities

Access a range of professionally managed investment-linked sub-funds to potentially maximize your returns over the long term.

Customizable Protection

Enhance your coverage with optional riders for critical illness, disability, and more, without affecting your basic plan's investment value.

Family-Friendly Features

Gift your policy to a family member through the Life Replacement Option, ensuring your loved ones benefit from your financial planning.

Smoker-Friendly Pricing

If you're a smoker, enjoy non-smoker rates for the first two years. Successfully quit smoking within this period, and keep these lower rates for life!

Why compare TM FlexiCover with other Investment Linked Plan options through Whatins?

Traditional Approach

  • Limited to one company's fund options
  • Only hear about advisor's preferred funds
  • Single perspective on investment strategy

Whatins Advantage

  • Compare fund options across multiple insurers
  • Get different views on investment strategies
  • See how different advisors approach fund selection
  • Understand varied fee structures

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

How TM FlexiCover Adapts to Your Life Stages

Young and Carefree (Early Career)

Strike a balance between protection and investment. Start with a lower premium and gradually increase as your income grows.

Getting Married

Increase your protection cover to safeguard your spouse's future. Adjust your investment strategy for shared financial goals.

Starting a Family

Further boost your protection coverage for your growing family. Add riders for comprehensive family protection.

Building Your Career

Increase your regular premium as your income rises. Take advantage of ad-hoc top-ups during bonus seasons.

Approaching Retirement

Reduce protection cover to focus on wealth accumulation. Adjust your investment strategy for capital preservation and income generation.

Flexible Features to Suit Your Needs

Fund Switching

Take advantage of market movements by switching between different investment-linked sub-funds at no cost.

Ad-hoc Top-ups

Invest extra funds (minimum S$1,200) anytime without increasing your basic sum assured.

Partial Withdrawals

Access your funds (minimum S$1,000) when needed, though this may affect your basic sum assured.

Premium Holidays

Take a break from premium payments after the first two years without losing coverage, as long as your policy has sufficient value.

Adjustable Premiums

Increase or decrease your regular premium to suit your financial situation (minimum increase: S$50 monthly, S$150 quarterly, S$300 semi-annually, S$600 annually).

Investment Options

TM FlexiCover provides access to a range of professionally managed investment-linked sub-funds. These funds are designed to cater to different risk appetites and investment goals. For detailed information on available funds, refer to the Product Summary and Product Highlights Sheet on the Tokio Marine website.

Optional Riders for Enhanced Protection

Customize your plan with additional riders:

1. Critical Illness Riders: Cover early, intermediate, and advanced stages of critical illnesses.

2. Total and Permanent Disability Rider: Receive financial support if you become totally and permanently disabled.

3. Terminal Illness Rider: Get additional coverage for terminal illness diagnosis.

4. Premium Waiver Riders: Have your future premiums waived in case of specified unfortunate events.

Real-Life Example: Meet Richard

Let's look at how TM FlexiCover works for Richard, a 30-year-old non-smoking male:

  • Basic Sum Assured: S$150,000
  • Monthly Premium: S$300
  • Fund Allocation: 100% TMLS Income and Growth Fund (TICG)

At age 60, assuming an 8% p.a. illustrated investment return:

  • Total Premiums Paid: S$108,000
  • Illustrated Policy Value: S$264,310
  • Death Benefit: S$264,310

This example shows how Richard's investment could grow over time while maintaining life coverage.

Important Considerations

Investment Risks

Remember that investments are subject to market risks, and the value of units can rise or fall. Past performance doesn't guarantee future results.

Fees and Charges

Be aware of applicable fees, including fund management charges (e.g., 1.25% p.a. for the TICG fund).

Long-Term Commitment

Life insurance is a long-term commitment. Early termination may result in high costs and low surrender values.

Non-Guaranteed Elements

Illustrated values are based on projected investment returns and are not guaranteed.

Policy Owners' Protection

This policy is protected under the Policy Owners' Protection Scheme administered by the Singapore Deposit Insurance Corporation (SDIC).

Conclusion

TM FlexiCover offers a unique blend of protection and investment opportunities, designed to adapt to your changing life circumstances. Its flexibility allows you to adjust your coverage and investment strategy as you progress through different life stages, ensuring that your insurance plan always aligns with your current needs and future goals.

However, as with any financial product, it's crucial to carefully consider your personal situation, risk tolerance, and long-term objectives before committing to TM FlexiCover. While the plan offers attractive features, remember that investment returns are not guaranteed, and early termination can be costly .

To make an informed decision, it's always wise to seek professional advice. Don't rely on just one perspective – get multiple expert opinions to ensure you're making the best choice for your financial future.

Get Expert Advice

Ready to explore how TM FlexiCover or similar investment-linked plans can fit into your financial strategy? Take the next step towards securing your future. Sign up now to receive personalized proposals from 5 qualified financial advisors who can provide expert insights on investment-linked insurance plans tailored to your unique situation.

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

Click here to get 5 expert opinions on investment-linked insurance plans