Buying a Term life insurance in Singapore


Buying a term life insurance can be a daunting process, with the myriad of choices available. Contrary to paying for the traditional life insurance policy, term life offers a lower premium payable for the term of the insurance and greater flexibility.

The premium duration differs from yearly renewal to fixed years depending on how the insurance company allocates. Generally, the yearly renewal policy will cost the least, as the insurer’s health condition may deteriorate over time and the premium will most likely rise.

Contrary to paying for the traditional life insurance policy, term life offers a lower premium payable for the term of the insurance and greater flexibility.

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