Investment Linked Plan

TM goAssure: The Perfect Duo for Protection and Wealth Accumulation

In today's uncertain world, having a financial plan that covers both protection and wealth accumulation is crucial. But what if you could have a single solution that addresses both these needs effectively ? Enter TM goAssure, a unique offering from Tokio Marine Life Insurance Singapore Ltd. that promises to be the perfect assurance duo to meet your life goals. Let's dive deep into what makes this product stand out and how it can help secure your financial future.

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What is TM goAssure?

TM goAssure is an innovative insurance plan designed to provide both protection and wealth accumulation benefits . It's tailored for individuals looking for a medium to long-term regular investment solution that also offers comprehensive life coverage. This plan allows you to be doubly prepared to fulfill your life goals without having to choose between protection and wealth building.

Key Features of TM goAssure

Multiple Levels of Protection

TM goAssure offers a range of protection options including death coverage, terminal illness coverage, total and permanent disability coverage, critical illness coverage, and early critical illness coverage . All these protection options are available up to age 99, giving you peace of mind well into your golden years. You can choose and adjust your protection age from 65 to 99, tailoring the coverage to your specific life stage and goals.

Adjustable Coverage for Life Milestones

The plan offers the option to increase your coverage upon significant life milestones such as graduation, marriage, purchase of a property, or birth of a child. This feature ensures that your coverage grows along with your responsibilities, providing adequate protection at every stage of your life.

Premium Holiday and Partial Withdrawal Options

TM goAssure offers the flexibility to take a premium holiday or make a partial withdrawal with zero charges upon covered contingency events such as hospitalization or retrenchment, providing financial relief when you need it most.

Multiple Means of Wealth Accumulation

TM goAssure helps magnify your wealth through discounted protection charges, initial bonus, loyalty bonus, achievement bonus, and wellness bonus . These bonuses not only incentivize long-term commitment to the plan but also significantly boost your wealth accumulation over time.

Why compare TM goAssure with other Investment Linked Plan options through Whatins?

Traditional Approach

  • Limited to one company's fund options
  • Only hear about advisor's preferred funds
  • Single perspective on investment strategy

Whatins Advantage

  • Compare fund options across multiple insurers
  • Get different views on investment strategies
  • See how different advisors approach fund selection
  • Understand varied fee structures

How TM goAssure Works

  • Choose Your Protection Level: Select the coverage that best suits your needs.

  • Set Your Protection Age: Decide how long you want your coverage to last, anywhere from age 65 to 99.

  • Determine Your Investment Strategy: Work with a Tokio Marine Representative to choose the right investment sub-funds.

  • Make Regular Contributions: Commit to regular premium payments to build your wealth over time.

  • Enjoy Bonuses: Benefit from various bonuses that boost your account value over the years.

  • Adjust As Needed: Increase your coverage at key life milestones or take advantage of premium holidays if necessary.

  • Reap the Rewards: At the end of your chosen term, enjoy the fruits of your disciplined saving and investment strategy.

Real-Life Scenarios

The Young Professional

Sarah, 28, chooses TM goAssure with basic death and disability coverage, setting her protection age to 99. She increases her coverage when she gets married and buys her first home. The Initial Bonus helps boost her early savings, while the long-term investment strategy sets her up for a comfortable retirement.

The Family Man

John, 35, opts for comprehensive coverage including critical illness protection. He increases his coverage when his second child is born and uses the premium holiday feature during a brief period of unemployment. The Loyalty and Achievement Bonuses significantly increase his wealth accumulation over time.

The Pre-Retiree

Linda, 50, chooses TM goAssure with a protection age of 99 and a higher premium to maximize her wealth accumulation. The Wellness Bonus provides an extra boost to her savings as she maintains good health.

Pros and Cons of TM goAssure

Pros

  • Combines protection and wealth accumulation in one plan

  • Flexible protection options and adjustable coverage

  • Multiple bonuses to boost wealth accumulation

  • Premium holiday and partial withdrawal options for financial flexibility

  • Coverage available up to age 99

Cons

  • Requires long-term financial commitment for maximum benefits

  • Investment returns are not guaranteed and subject to market risks

  • May be more complex than standalone insurance or investment products

Is TM goAssure Right for You?

TM goAssure could be an excellent choice if you:

  • Want a comprehensive solution that covers both protection and wealth accumulation
  • Are looking for a medium to long-term regular investment plan
  • Value flexibility in your insurance and investment strategy
  • Are at a life stage where you anticipate significant milestones (marriage, home purchase, children)
  • Want to ensure protection well into your retirement years

However, it's important to carefully consider your financial situation, risk tolerance, and long-term goals before committing to any insurance or investment product.

Conclusion

TM goAssure offers a unique solution for those seeking to address both their protection needs and wealth accumulation goals . With its flexible features, multiple bonuses, and coverage options up to age 99, it provides a comprehensive approach to financial planning. However, as with any financial product, it's crucial to carefully consider your personal circumstances and consult with a financial advisor before making a decision.

Remember, the best financial plan is one that aligns with your specific goals, risk tolerance, and life stage. TM goAssure might be the perfect assurance duo for some, but it's important to ensure it's the right fit for you.

Ready to explore if TM goAssure is the right choice for your financial future? Don't rely on just one perspective. Get expert insights tailored to your unique situation. Sign up now to receive 5 expert opinions on how TM goAssure compares to other protection and wealth accumulation solutions. These professionals will review your specific needs 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 plan for your financial future. Don't leave your protection and wealth accumulation to chance – get the expert advice you deserve today.

Click here to get 5 expert opinions on protection and wealth accumulation solutions

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