Term Life

AIA Secure Flexi Term: Your Complete Guide to Flexible, Affordable Lifetime Protection

Are you looking for a way to protect your loved ones without breaking the bank? You're not alone. Many Singaporeans are living longer but spending more years in ill health. That's where AIA Secure Flexi Term comes in. Let's explore how this unique plan can help you secure your family's future while giving you the flexibility you need.

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What is AIA Secure Flexi Term?

AIA Secure Flexi Term is a life insurance plan that offers high coverage at affordable premiums . It's designed to protect you and your family against life's unexpected events, including death, terminal illness, and terminal cancer. Here's what makes it stand out:

  1. Affordable Premiums: Coverage starts from as low as S$1.36 a day for S$1 million protection.
  1. Guaranteed Premiums: Your premiums stay the same throughout the policy period.
  1. Lifetime Protection: You can choose coverage that lasts up to age 101.
  1. Flexibility: You can convert your plan to other types of insurance as your needs change.

Key Features of AIA Secure Flexi Term

High Coverage at Low Cost

Get up to S$1 million coverage for just S$1.36 a day. Covers death, terminal illness, and terminal cancer.

Two Coverage Options

a) Renewable Term Option: Choose coverage for 5, 10, 20, or 30 years. Guaranteed renewal up to age 101, regardless of health. b) Level Term Option: Choose coverage up to age 65 or 75. Premiums stay the same throughout the coverage term.

Flexibility to Change

Convert to other AIA plans before age 70 without medical checks.

Optional Riders for Extra Protection

Add critical illness coverage, disability protection, and premium waiver benefits.

AIA Vitality Integration

Get premium discounts for staying healthy. Discounts can go up to 15% based on your Vitality status.

Real premiums suggested for AIA Secure Flexi Term

33, Male making $10,000 a month

Coverage:
Death & TPD
$1,000,000
Premium:
$92
Read More

24, Male making $5,833.333 a month

Coverage:
critical illness:
total
$500,000
early stage
$200,000
death and disability
$1,000,000
Premium:
$1,501.75
Read More

33, Male making $10,000 a month

Coverage:
CI
$180,000
TPD
$830,000
death
$830,000
Premium:
$1,715.9
Read More

24, Female making $3,333.333 a month

Coverage:
critical illness
$200,000
early stage critical illness
$100,000
death and permanent disability
$500,000
Premium:
$881
Read More

39, Female making $6,000 a month

Coverage:
death
Minimally 5 to 10 years of income covered
disability
Minimally 5 to 10 years of income covered
careshield life supplement
Premium:
Not provided
Read More
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How Much Does It Cost?

The cost depends on your age, health, and the coverage you choose. Here's a simple example:

For a 25-year-old non-smoker:

  • S$500,000 coverage for 10 years: S$49.18 per month
  • S$1 million coverage to age 75: S$903 per year

Remember, these are just examples. Your actual premium may be different.

Real-Life Example: May's Story

May, a 25-year-old non-smoker, buys AIA Secure Flexi Term:

  1. She gets S$500,000 coverage, renewable every 10 years, for S$49.18 monthly.
  1. At 28, she converts it to a whole life plan without medical checks.
  1. At 73, she buys another S$1 million coverage to age 75 for S$903 yearly.
  1. When May passes away at 73, her family receives S$1 million.

Total premiums paid: S$157,195

Benefit received by family: S$1,000,000

How AIA Secure Flexi Term Fits Different Life Stages

For Children

Start coverage early. Add critical illness protection. Option to convert to other plans later.

For Young Adults (20s to 30s)

Affordable high coverage. Stable premiums for easy planning. Flexibility to change plans as life changes.

For Middle-Aged Adults (40s to 50s)

Boost existing coverage affordably. Protection up to age 101.

For Seniors (60s to 70s)

Guaranteed renewal up to age 101. Affordable way to leave a legacy.

Pros and Cons

Pros

  • Very affordable premiums

  • High coverage amounts

  • Guaranteed premiums (for the initial term)

  • Flexibility to convert to other plans

  • Option to add critical illness and disability coverage

  • Potential premium discounts with AIA Vitality

Cons

  • No cash value if you cancel the policy

  • Renewal premiums may increase (for renewable term option)

  • Limited to term insurance (unless converted)

Frequently Asked Questions

Can I change my coverage amount later?

You may be able to increase coverage, subject to underwriting.

What if I develop health problems?

Your coverage is guaranteed renewable, regardless of health changes.

Is there a medical exam required?

It depends on your age and coverage amount. Some may qualify without an exam.

What's not covered?

Typically, suicide within the first year and pre-existing conditions are excluded.

Can I add coverage for my children?

Yes, and critical illness coverage is compulsory for ages 0-15.

Wrapping It Up

AIA Secure Flexi Term offers a unique combination of high coverage, affordable premiums, and flexibility . It's designed to protect your loved ones financially while giving you the option to adapt your coverage as your life changes.

This plan is particularly suitable for those who want maximum protection at a low cost, and for those who anticipate their insurance needs might change in the future. The ability to convert to other types of policies without medical underwriting is a valuable feature.

However, it's important to remember that this is a pure protection plan. It doesn't build cash value, so if you're looking for an investment component in your insurance, you might want to consider other options.

Remember, the best insurance is the one that fits your specific needs and situation. Consider your current health, financial goals, and family situation before making a decision.

Get Expert Advice

Ready to take the next step? Don't rely on just one opinion. Get expert insights tailored to your unique situation. Sign up now to receive 5 expert opinions on term life insurance. These professionals will review your needs and provide personalised 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 for your family's future. Don't leave your protection to chance – get the expert advice you deserve today.

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Why people were suggested AIA Secure Flexi Term

Alan
Alan, 33
GenderMale
Monthly Income$10,000
Insurance Types Suggested
  • Disability
  • Term Life
Why AIA Secure Flexi Term was suggested:
This term life insurance plan is recommended to provide $1 million in Death & TPD coverage, effectively replacing your annual income of $120,000 for the next 10 years, in addition to your existing $200,000 coverage from Mindef. The fixed monthly premium of $92 fits within your budget, and the plan currently offers a 15% discount on the first year's premium until the end of December.
Jon
Jon, 24
GenderMale
Monthly Income$5,833.333
Insurance Types Suggested
  • Hospital
  • Critical Illness
  • Term Life
Why Secure Flexi Term was suggested:
The Secure Flexi Term plan is recommended to provide Jon with a high level of income protection and critical illness coverage at an affordable premium. As a 25-year-old with an annual income of $70,000, the suggested sum assured of $1,000,000 for death and disability, and $500,000 for critical illness, aligns with the general guideline of 10x annual income for income protection and 5x for critical illness coverage. The term plan's flexibility to convert to a whole life or endowment plan in the future is also highlighted.
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