Same Company
Income
Complete Cancer Care
We analysed Complete Cancer Care docs so you don't have to. Key find: 100% sum assured payout for any cancer stage. Protect your parents too. See our full review for more insights.
Read Review
Term Life
Get your own quotes →
Income TermLife Solitaire: Securing Your Legacy and Business Success
In today's fast-paced world, where success is hard-earned and carefully cultivated, protecting your achievements and ensuring your legacy becomes paramount . If you're a high-achieving individual looking for a premium term life insurance solution, Income's TermLife Solitaire might be the perfect fit for you. Let's dive deep into what this exclusive product offers and how it can safeguard your future and that of your loved ones.
Insurance Calculator
Find the right coverage in minutes
Discover Your Ideal Coverage
Use our advanced calculator to get personalized insurance recommendations
- Accurate Estimates
Get precise coverage recommendations based on your needs
- Save Time
Receive instant results without lengthy consultations
- Personalized Analysis
Get tailored recommendations based on your unique situation
What is Income TermLife Solitaire?
TermLife Solitaire is a premium term life insurance product designed specifically for successful individuals who require substantial coverage . It's not just an insurance policy; it's a comprehensive solution that helps you keep your legacy alive, protect your business, and enjoy peace of mind knowing that your financial future is secure.
Key Features That Set TermLife Solitaire Apart
High Coverage Amount
Minimum coverage of $500,000 , ideal for those needing substantial protection
Guaranteed Renewal
Option to renew your policy up to age 100 (last birthday), ensuring long-term protection
Affordable Premiums
High coverage at competitive rates
Complimentary Medical Concierge Service
Available for policies with a minimum sum assured of $3 million , includes arranged medical check-ups and complimentary transport
Flexible Policy Terms
Choose from 10, 15, 20, 25, 30, 35, or 40 years, or select coverage up to age 64, 74, 84, or 100 (last birthday)
Optional Riders for Enhanced Protection
Customize your coverage with additional benefits
Real premiums suggested for Income TermLife Solitaire
26, Female making $5,265 a month
Coverage:
TPD
$500,000
death
$500,000
critical illness
$300,000
terminal illness
$500,000
early critical illness
$300,000
Premium:
$2,565.75
Read More41, Male making $10,000 a month
Coverage:
death
$500,000
critical illness
$300,000
terminal illness
$500,000
early critical illness
$300,000
total and permanent disability
$500,000
Premium:
$4,575.15
Read More34, Male making $16,666.667 a month
Coverage:
death
$1,000,000
critical illness
$250,000
terminal illness
$1,000,000
early critical illness
$250,000
total and permanent disability
$1,000,000
Premium:
$3,900.45
Read More26, Female making $9,166.667 a month
Coverage:
TPD
$1,000,000
death
$1,000,000
critical illness
$250,000
terminal illness
$1,000,000
early critical illness
$250,000
Premium:
$2,143.2
Read More26, Male making $5,000 a month
Coverage:
TPD
$500,000
death
$500,000
critical illness
$250,000
terminal illness
$500,000
early critical illness
$250,000
Premium:
$1,775.1
Read More| Age | What suggestion covers | Premium |
|---|---|---|
| 26, Female making $5,265 a month | TPD $500,000 death $500,000 critical illness $300,000 terminal illness $500,000 early critical illness $300,000 | $2,565.75 |
| 41, Male making $10,000 a month | death $500,000 critical illness $300,000 terminal illness $500,000 early critical illness $300,000 total and permanent disability $500,000 | $4,575.15 |
| 34, Male making $16,666.667 a month | death $1,000,000 critical illness $250,000 terminal illness $1,000,000 early critical illness $250,000 total and permanent disability $1,000,000 | $3,900.45 |
| 26, Female making $9,166.667 a month | TPD $1,000,000 death $1,000,000 critical illness $250,000 terminal illness $1,000,000 early critical illness $250,000 | $2,143.2 |
| 26, Male making $5,000 a month | TPD $500,000 death $500,000 critical illness $250,000 terminal illness $500,000 early critical illness $250,000 | $1,775.1 |
What Does TermLife Solitaire Cover?
Death Benefit
Pays out the sum assured if the insured passes away during the policy term
Terminal Illness
Provides the sum assured if the insured is diagnosed with a terminal illness
Total and Permanent Disability
Offers coverage if the insured becomes totally and permanently disabled (with optional rider)
Critical Illness
Provides protection against early, intermediate, and advanced stage specified dread diseases (with optional rider)
Hospital Cash Benefit
Offers daily payouts for hospitalization (with optional rider)
How Much Coverage Can You Get?
TermLife Solitaire offers high coverage amounts starting from $500,000 . The exact amount of coverage you can get depends on your individual needs and financial situation. Income recommends working with a financial advisor to determine the right amount of coverage for you.
How Much Does It Cost?
The cost of TermLife Solitaire varies based on several factors:
- Your age
- Your health condition
- The coverage amount you choose
- The policy term you select
- Any additional riders you add
For example, in the brochure, a 40-year-old non-smoking couple each getting $1 million coverage till age 100 would pay:
- $4,510 per year for the wife's policy
- $5,705 per year for the husband's policy
These premiums include additional riders like Payor Premium Waiver and Disability Accelerator.
Optional Riders to Enhance Your Coverage
Disability Accelerator
Pays out if you become totally and permanently disabled
Total Protect
Covers early, intermediate, and advanced stage specified dread diseases
Hospital CashAid
Provides daily cash benefit during hospitalization, includes additional benefits for ICU stays and major impacts
Payor Premium Waiver
Waives future premiums if the payor dies or becomes totally and permanently disabled
Enhanced Payor Premium Waiver
Includes benefits of Payor Premium Waiver, also waives premiums if the payor is diagnosed with terminal illness or specified dread diseases
Dread Disease Premium Waiver
Waives future premiums if you're diagnosed with a specified dread disease
Real-Life Scenarios: How TermLife Solitaire Works
Protecting Your Family
Mr. and Mrs. Tan, both 40 years old, each purchase a $1 million TermLife Solitaire policy on each other's lives. If Mr. Tan is diagnosed with total and permanent disability at age 60: Mrs. Tan receives a $1 million payout from her policy on Mr. Tan, and the policy on Mrs. Tan remains in force with premiums waived.
Safeguarding Your Business
ABC Company insures its 50-year-old director, Mr. Ong, with a $2 million TermLife Solitaire policy for 15 years. If Mr. Ong passes away or becomes totally and permanently disabled: The company receives a $2 million payout, helping cushion the business impact until a replacement is found.
Pros and Cons of TermLife Solitaire
Pros
High coverage amounts suitable for high-net-worth individuals
Guaranteed renewability up to age 100
Flexible policy terms
Option to add various riders for comprehensive protection
Complimentary medical concierge service for high-value policies
Cons
Higher premiums compared to standard term life policies
May be more coverage than needed for some individuals
Renewal premiums increase with age
Who Should Consider TermLife Solitaire?
High-income earners needing substantial coverage
Business owners wanting to protect their key personnel
Individuals looking to leave a significant legacy for their beneficiaries
Those who want the flexibility to enhance their coverage with various riders
Frequently Asked Questions
Can I change my coverage amount later?
You should check with Income about options for adjusting your coverage after purchase.
What happens if I outlive my policy term?
You have the option to renew your policy, with guaranteed renewal up to age 100 .
Are the premiums fixed throughout the policy term?
Premiums are not guaranteed and may increase with age or at renewal.
Can I add riders after purchasing the policy?
Check with Income about options for adding riders after the initial purchase.
What's not covered by this policy?
Like most insurance policies, there are exclusions. For example, pre-existing conditions may not be covered. Always refer to the policy contract for full details.
Conclusion
Income TermLife Solitaire offers a premium solution for those seeking substantial life insurance coverage . With its high coverage amounts, flexible terms, and optional riders, it provides a comprehensive way to protect your legacy and business interests. However, as with any significant financial decision, it's crucial to carefully consider your needs and consult with a financial advisor before making a choice.
Remember, the best insurance policy is one that aligns perfectly with your unique financial situation and future goals. If you're considering TermLife Solitaire or any other high-value insurance product, it's always wise to get expert advice tailored to your specific circumstances.
Ready to explore your options further? Don't rely on just one perspective. Get expert insights customized to your unique needs. Sign up now to receive 5 expert opinions on high-value term life insurance . These professionals will review your specific situation and provide personalized 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 to secure your legacy and protect your achievements. Don't leave your financial future to chance – get the expert advice you deserve today.
- 👉 Income TermLife Solitaire: Securing Your Legacy and Business Success
- 👉 What is Income TermLife Solitaire?
- 👉 Key Features That Set TermLife Solitaire Apart
- 👉 What Does TermLife Solitaire Cover?
- 👉 How Much Coverage Can You Get?
- 👉 How Much Does It Cost?
- 👉 Optional Riders to Enhance Your Coverage
- 👉 Real-Life Scenarios: How TermLife Solitaire Works
- 👉 Pros and Cons of TermLife Solitaire
- 👉 Who Should Consider TermLife Solitaire?
- 👉 Frequently Asked Questions
- 👉 Conclusion
By filling this out, you agree to allow us to contact you about insurance related information.
Similar Term Life Products
Compare other term life options to find the best coverage for your needs
More from Income
Same Company
Income
Complete Critical Protect
We analysed Complete Critical Protect docs so you don't have to. Key find: Covers 158 conditions with up to 200% sum assured. Protect your parents too. See our full review for more insights.
Read Review
Same Company
Income
Income Family Protect
We analysed Income Family Protect docs so you don't have to. Key find: Up to 200% sum assured payout with Dependant Booster. Protect your parents too. See full review for more insights.
Read Review
Same Company
Income
Income Mortgage Term
We analysed Income Mortgage Term docs so you don't have to. Key find: Coverage up to age 84. Protect your family's home even as you start one. See our full review for more insights.
Read Review
Other Term Life Options
AIA
AIA Mortgage Reducing Term Assurance
We analysed AIA Mortgage Reducing Term Assurance docs so you don't have to. Key find: Covers critical illnesses. Protect your parents' home loan. See our full review for more insights.
Read Review
AIA
AIA Secure Flexi Term
We analysed AIA Secure Flexi Term docs so you don't have to. Key find: Up to $1M death benefit. Protect your parents too. View our full review to see if it fits your life stage.
Read Review
AXA
AXA term protector
We analysed AXA Term Protector docs so you don't have to. Key find: Coverage up to age 99. Protect your parents too. See our full review for more insights and relevance.
Read Review
China Life
China Life Term Guardian
We analysed China Life Term Guardian docs so you don't have to. Key find: Coverage up to age 84. Protect your parents too. See our full review for more insights and if it's right for you.
Read Review
Why people were suggested Income TermLife Solitaire
Anne, 26
GenderFemale
Monthly Income$5,265
Insurance Types Suggested
- Personal Accident
- Critical Illness
- Disability
- Whole Life
Why Termlife Solitaire was suggested:
The Termlife Solitaire term life policy is an alternative option to the whole life policy, offering coverage till age 75 for critical illness, total and permanent disability, terminal illness, and death. While more affordable than the whole life option, it provides substantial coverage amounts to address the prospect's concerns for income replacement and financial support for dependents during the policy term.
Macis, 41
GenderMale
Monthly Income$10,000
Insurance Types Suggested
- Critical Illness
- Term Life
Why Termlife Solitaire was suggested:
Termlife Solitaire is recommended to provide comprehensive coverage for critical illness, total and permanent disability, terminal illness, and death until age 65. The high coverage amounts of $500,000 for disability, terminal illness, and death can serve as income replacement for dependents should any unfortunate event occur during the working years. The critical illness coverage of $300,000 aligns with the Life Insurance Association of Singapore's recommended amount.
Benjamin, 34
GenderMale
Monthly Income$16,666.667
Insurance Types Suggested
- Hospital
- Personal Accident
- Critical Illness
- Term Life
Why TermLife Solitaire was suggested:
The TermLife Solitaire policy is recommended to provide comprehensive coverage for death, total and permanent disability, and critical illness based on the prospect's income of $200,000 per year. The coverage amounts align with the advisor's suggested guidelines of 5x annual income for critical illness ($250,000 each for early and late stage) and 10x annual income for death and total and permanent disability ($1,000,000 each). This term life insurance policy offers protection until age 75, which is a suitable duration for the prospect's current life stage. The annual premium of $3,900.45 falls within the stated budget of $5,000 per year.