VivoLife

A lifetime’s insurance protection in just 10 years.
NTUC Income’s VivoLife. Comprehensive life insurance coverage. Flexible premium terms.

Protecting you against Death, Dread Diseases and, Total and Permanent disability is only part of what we do. NTUC Income’s VivoLife is a whole life insurance policy that gives you the freedom to live your life to the fullest with comprehensive insurance coverage and a choice of premium terms. We’ll even waive your insurance premiums if you are retrenched. At  age 60, you can convert your policy into a regular income stream for your golden years.

What are the benefits?

• Flexible insurance premium period
  You can pay your insurance premiums over 10, 15, 20, or 25 years. Or you could choose a premium term payable up to your 64th or 84th birthday.
  
  
• Comprehensive coverage for Death, Total and Permanent Disability and diseases
  Receive your sum assured plus accumulated bonuses¹ as a lump sum payment in the event of Death, Total and Permanent Disability and 30 dread diseases or diagnosis of a specified dread disease.
  
  
• 125% coverage during the first 15 years
  Should you be diagnosed with a Dread Disease, suffer total and permanent disability or death in the first 15 years of your policy, our guaranteed minimum protection grants you the sum assured plus bonuses¹, or 125% of your original sum assured, whichever is higher.
  
  
• Peace of mind for your loved ones
  In the event of accidental death, your beneficiaries will receive up to 3 times the sum assured, plus bonuses¹.
  
  
• Premium waiver if you are retrenched
  If you have been retrenched, and remain unemployed for 3 continuous months, we’ll waive your insurance premiums for up to 6 months. This means that you can stop payment temporarily, while still enjoying the full protection of a VivoLife whole life insurance policy.
  
  
• Conversion bonus² when you convert your policy into an annuity
  Reap the benefits of VivoLife well into your retirement. Aside from life insurance coverage for your lifetime, you’ll enjoy enhanced liquidity in your golden years. If you convert your policy into an annuity on your 60th birthday, you’ll receive an additional conversion bonus²

What does it cover?

NTUC Income’s VivoLife covers Death, Total and Permanent Disability, and 30 dread diseases.

Premiums

Your insurance premiums will vary according to premium term, coverage levels, and age of applicant. Please contact an NTUC Income representative for more details.

IMPORTANT NOTES

1 Bonus rates are not guaranteed and the actual benefits payable may vary according to the future experience of the Life Participating Fund.

2 Converting VivoLife to an immediate annuity is subject to terms and conditions, and the type of annuity plans and rates available at the time of conversion.

This website is for general information only and is not a contract of insurance. The precise terms, conditions and exclusions of this plan are specified in the Policy Contract. You should seek advice from a qualified adviser if in doubt. If you choose not to, you will have to take sole responsibility to ensure that this product is appropriate to your financial needs and insurance objectives. Buying a life insurance policy is a long term commitment. An early termination of the policy usually involves high costs and the surrender value payable may be less than the total premiums paid.

Information is correct as of 1 September 2009