Whole Life

Income Star Secure Pro: Comprehensive Protection for Life's Uncertainties

In today's unpredictable world, having the right insurance coverage is more important than ever. Did you know that 1 in every 4-5 Singaporeans may get a critical illness? Or that there's a worrying 80% critical illness protection gap in Singapore? These statistics highlight why many are searching for comprehensive life and health insurance solutions. If you're considering Income Star Secure Pro, you've come to the right place. Let's break down what this policy offers and how it can provide peace of mind for you and your loved ones.

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What is Income Star Secure Pro?

Income Star Secure Pro is a flexible whole life insurance plan designed to provide comprehensive coverage against various life uncertainties . It offers protection against death, terminal illness, and total and permanent disability, with the unique feature of allowing you to choose your desired level of coverage. What sets it apart is its adaptability to your changing needs and its optional riders that cover dread diseases, future unknown diseases, and even mental illnesses.

Key Features That Make Star Secure Pro Stand Out

Flexible Protection Levels

Choose coverage up to 500% of your sum assured.

Accidental Death Coverage

Up to an additional 200% of sum assured for accidental death.

Premium Waiver on Retrenchment

Premiums waived for up to 6 months if you're retrenched.

Family Support

Reduce financial burdens if something happens to a family member.

Optional Riders

Add coverage for dread diseases, future unknown diseases, and mental illnesses.

High Entry Age

You can start this plan even at age 80.

Real premiums suggested for Income Star Secure Pro

26, Female making $5,265 a month

Coverage:
till age 75:
TPD
$270,000
death
$270,000
critical illness
$270,000
terminal illness
$270,000
early critical illness
$240,000
age 75 to 100:
TPD
$90,000
death
$90,000
critical illness
$90,000
terminal illness
$90,000
early critical illness
$80,000
Premium:
$4,320.95
Read More

19, Female making $2,000 a month

Coverage:
tpd:
after 75
$30,000
before 75
$150,000
death benefit:
after 75
$30,000
before 75
$150,000
dread diseases:
after 75
$20,000
before 75
$100,000
terminal illness:
after 75
$30,000
before 75
$150,000
early stage dread diseases:
after 75
$30,000
before 75
$150,000
Premium:
$134.2
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28, Male making $4,166.667 a month

Coverage:
TPD
$250,000
death
$250,000
critical illness
$250,000
terminal illness
$250,000
early critical illness
$200,000
Premium:
$3,636.5
Read More

31, Female making $6,000 a month

Coverage:
death
$250,000
critical illness
$250,000
terminal illness
$250,000
early critical illness
$200,000
total permanent disability
$250,000
Premium:
$4,281.95
Read More

19, Female making $2,000 a month

Coverage:
TPD
$150,000
death
$150,000
critical illness
$120,000
terminal illness
$150,000
early critical illness
$120,000
Premium:
$149.85
Read More
Get your own quotes →

What Does Star Secure Pro Cover?

Basic Coverage

  • Death Benefit: Pays out upon death of the insured.

  • Terminal Illness (TI) Benefit: Provides a payout if diagnosed with a terminal illness.

  • Total and Permanent Disability (TPD) Benefit: Offers financial support if you become totally and permanently disabled.

Accidental Death Benefit

Up to an additional 200% of your sum assured if death is due to an accident (before age 70).

Family Waiver Benefit

Waives future premiums if your spouse or child's parent passes away, becomes terminally ill, or totally and permanently disabled. Provides a lump sum of 24 months' premiums.

Retrenchment Benefit

Waives premiums for up to 6 months if you're retrenched and unemployed for 3 consecutive months.

Optional Riders for Enhanced Protection

Advanced Secure Accelerator Rider

  • Covers 49 specified dread diseases.

  • Includes Major Impact Benefit, protecting against future unknown diseases or serious infections.

Early Secure Accelerator Rider

  • Covers early and intermediate stages of dread diseases.

  • Includes Special and Mental Benefit, covering conditions like major depressive disorder.

  • Offers Juvenile Benefit for insured persons below 18 years old.

Hospital CashAid Rider

  • Provides daily cash benefit during hospitalization.

  • Offers additional payout for ICU stays.

  • Includes Major Impact Benefit for extended ICU stays due to surgery or infection.

How Much Coverage Do You Get?

The coverage amount depends on the protection level you choose, ranging from 100% to 500% of your sum assured. For example, if you choose a sum assured of $100,000 with 300% protection level:

• Death Benefit: Up to $300,000 (before age 70)

• Terminal Illness Benefit: Up to $300,000 (before age 70)

• Total and Permanent Disability Benefit: Up to $300,000 (before age 70)

After age 70, the coverage typically reduces to the sum assured plus bonuses.

How Much Does It Cost?

The cost of Star Secure Pro varies based on factors like your age, health condition, chosen sum assured, and protection level. For a precise quote, it's best to consult with an Income financial advisor. They can provide a personalized illustration based on your specific circumstances.

Real-Life Scenario

Let's consider Mr. Lim, a 28-year-old non-smoker who signs up for Star Secure Pro with a sum assured of $100,000 and 300% protection level. He also adds the Advanced Secure Accelerator, Early Secure Accelerator, and Hospital CashAid riders. His annual premium is $3,323.

At age 36, Mr. Lim is diagnosed with early-stage colon cancer:

• He receives $150,000 from the Early Secure Accelerator rider.

• He gets daily hospital cash benefits for his 14-day stay.

At age 39, Mr. Lim's wife is diagnosed with terminal illness:

• Future premiums are waived under the Family Waiver Benefit.

• He receives a lump sum of 24 months' premiums ($6,912).

At age 50, Mr. Lim contracts an unknown disease and stays in ICU for 14 days:

• He receives $75,000 from the Advanced Secure Accelerator rider's Major Impact Benefit.

• He gets additional payouts from the Hospital CashAid rider.

At age 60, Mr. Lim is diagnosed with advanced stage liver cancer:

• He receives $75,000 from the Advanced Secure Accelerator rider.

• He gets additional payouts from the Hospital CashAid rider.

• His Early Secure Accelerator rider pays out $75,000 under the Advanced Restoration Benefit.

In total, Mr. Lim receives $400,812 in payouts over the course of his policy.

Pros and Cons

Pros

  • Flexible coverage options

  • Comprehensive protection against various life events

  • Unique benefits like retrenchment premium waiver

  • Optional riders for enhanced coverage

  • High entry age (up to 80 years old)

Cons

  • Premiums may be higher compared to term insurance

  • Coverage reduces after age 70 for most benefits

  • Some benefits have waiting periods or exclusions

Conclusion

Income Star Secure Pro offers a comprehensive and flexible approach to life insurance , catering to various protection needs. Its unique features like adjustable protection levels, retrenchment benefits, and coverage for future unknown diseases make it stand out in the market. However, as with any financial decision, it's important to carefully evaluate your personal circumstances and long-term goals before making a choice.

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Why people were suggested Income Star Secure Pro

Anne
Anne, 26
GenderFemale
Monthly Income$5,265
Insurance Types Suggested
  • Personal Accident
  • Critical Illness
  • Disability
  • Whole Life
Why Star Secure Pro was suggested:
The Star Secure Pro whole life policy is recommended to address the prospect's concern for critical illness, disability, and death coverage. With a limited premium term of 20 years and coverage till age 100, it provides comprehensive protection against early and late-stage critical illness, total and permanent disability, terminal illness, and death. The coverage amounts align with the recommended guidelines for income replacement and financial support for dependents.
John
John, 28
GenderMale
Monthly Income$4,166.667
Insurance Types Suggested
  • Critical Illness
  • Term Life
  • Whole Life
Why Star Secure Pro was suggested:
This whole life policy is recommended to provide comprehensive coverage for critical illness, total and permanent disability, terminal illness, and death. The coverage amounts align with the advisor's recommendation of 5x annual income for critical illness and 10x annual income for death and TPD. As a whole life policy, it offers lifelong protection till age 100 with a limited premium payment term of 25 years.
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