Whole Life Insurance Overview
Whole life is a permanent life insurance policy that provides lifelong coverage with a guaranteed death benefit and a cash value component that grows over time. Unlike term policies, it does not expire as long as premiums are paid. This type of insurance is ideal for individuals looking for long-term financial security, estate planning, or a means to accumulate wealth while ensuring their loved ones receive financial protection.
Flexible payment term
For the same sum assured, select your preferred premium payment term e.g. 5, 10, 15, or 20 years simultaneously ensuring your coverage extends beyond.
Multiply Your Coverage
Maximize your protection payout during your active years and beyond Boost the payout for death, disability and comprehensive critical illness when you need it most
Wealth Accumulation
Enjoy the rewards of your savings while staying protected. Access policy’s cash value through full or partial withdrawals to supplement retirement or emergency needs.
Why Choose Famwealth?
- Compare Multiple Insurers
- Independent and Unbiased
- Expert Advice Available
- 100% No Obligation
Sample Quotes (Latest Rates 2026)
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Sample Mortgage Insurance Quotes Covering 1,000,000 Death/Terminal Illness and Total Permanent Disability, Non Smoker Age 35 Cover 30 years, 3% Decreasing for Mortgage Insurance |
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|---|---|---|
| Insurers | Female Monthly Premium | Male Monthly Premium |
| Manulife Mortgage Insurance | $51.93 | $55 |
| Etiqa Mortgage Insurance | $73.50 | $103.25 |
| Income Mortgage Insurance | $70.70 | $88.70 |
| Singlife Term | $49 | $62.40 |
| Tokio Marine Term | $59.30 | $81.80 |
| FWD Term | $54.90 | $74.20 |
| China Taiping Term | $45.55 | $77 |
Whole Life Insurance F.A.Q
Find answers to commonly asked questions about Whole Life Plan in Singapore
Whole life insurance provides lifelong coverage, paying out a lump sum upon death or total permanent disability. Many plans also include critical illness coverage and accumulate cash value over time.
Yes, foreigners whether residing in Singapore or not, are eligible to purchase whole life insurance from most insurers in Singapore. Some insurers even allow non-resident foreigners to obtain coverage without requiring them to fly in or establish residency.
Most insurers accept entry ages from as early as 0 (newborn) up to around 65–75 years old, depending on the product. Coverage then continues for life, often up to age 99 or 100.
Whole life insurance lasts your entire lifetime and builds savings (cash value) that you can use later, while term insurance only covers you for a fixed period and has no cash value.
Yes. most whole life plans in Singapore offer optional riders for early, intermediate, or advanced-stage critical illness, providing financial protection beyond death coverage.