Additional coverage When you need it

All ages mentioned refer to age next birthday.

1. Singlife Whole Life Choice covers death and Terminal Illness for whole of life. Upon diagnosis of Terminal Illness of the Life Assured, Singapore Life Ltd. will pay the Terminal Illness Benefit as an advance payment of the Death Benefit, less any amount owing to Singapore Life Ltd., in one lump sum.
   
   
2. Singlife Whole Life Choice’s Base Cover accumulates guaranteed and non-guaranteed cash value from the start of the third policy year, as long as the premiums are paid up to date. The non-guaranteed cash value is accumulated in the form of Reversionary Bonus (declared annually) and Terminal Bonus, and will depend on the performance of Singapore Life Ltd.’s Participating Fund. Please refer to the Product Summary for more details.
   
   
3. Singlife Whole Life comprises a Base Cover and an Additional Cover. It offers a choice of 100%, 200%, 300% or 400% of the Base Sum Assured for the Additional Cover of the basic plan. The chosen Additional Cover percentage is also applicable to the Additional Cover of optional riders, such as the Total and Permanent Disability Advance Cover V, Critical Illness Advance Cover VI and Early Critical Illness Advance Cover VI, if they are attached to the plan. The Total Sum Assured of this plan is the sum of the Base Sum Assured (Base Cover) and the Additional Sum Assured (Additional Cover). The Additional Cover will start from policy inception and gradually reduce by 12.5% every policy anniversary from when the Life Assured attains the chosen Additional Cover Age of either age 65, 70, 75, 80 or 85. Thereafter, the Life Assured will continue to enjoy coverage without Additional Cover. Please refer to the Product Summary for more details.
   
   
4. The Policyholder may exercise the Life Stage Withdrawal Benefit to withdraw accumulated reversionary bonuses without surrender charges, subject to the following conditions: The option can be exercised up to two times during the lifetime of the Life Assured, provided that the life stage event occurs before the policy anniversary when the Life Assured reaches age 65 at the next birthday. The application must be submitted within 90 days of the life stage event. The minimum withdrawal amount is S$1,000 (in multiples of $10) or the available balance. This option is not applicable if the basic policy has been converted to Reduced Paid-Up (RPU) or Extended Term Insurance (ETI). Eligible life stage events include:any change of marital status of the Life Assured (i.e. marries, divorces or is widowed)
   - the Life Assured becomes a parent by having a newborn child, or legally adopts a child (i.e. adding a new child member to the Life Assured’s immediate family)
   - the Life Assured purchases a property
   - the Life Assured or Life Assured’s child enrols into tertiary education
   Please refer to the Product Summary for more details.
   
   
5. Retrenchment Benefit is available once per policy for Life Assured aged 17 or older, waives premiums on the basic policy and all supplementary benefits for up to 12 months after the Life Assured is involuntarily unemployed for three consecutive months. The application must be submitted within six months of unemployment, and proof of job termination or closure (for self-employed individuals) is required. A six-month waiting period from policy inception applies before this benefit can be used. Premiums paid during the waiver period will be refunded, and payments must resume at the end of the waiver period. Conditions apply, including that the unemployment must not result from retirement, resignation, stress-related issues, contract expiration, or anticipated layoffs known prior to the policy start date. This benefit must be exercised before the Life Assured reaches age 65. Please refer to the Product Summary for more details.
   
   
6. The policyholder may exercise the Guaranteed Extra Protection Option at any of the following key life stage events, without providing evidence of insurability:
   - the Life Assured marries, divorces or is widowed (i.e. any change of marital status of the Life Assured);
   - the Life Assured becomes a parent by having a newborn, or legally adopts a child (i.e. adding a new child member to the Life Assured’s immediate family);
   - the Life Assured or the Life Assured’s child enrols into tertiary education;
   - the Life Assured enters full-time employment within one year from tertiary graduation; or
   - the Life Assured purchases a property.
   
   This option allows the policyholder to purchase a new non-participating level term Supplementary Benefit for coverage on death and Terminal Illness with extra premium payable. The total coverage that can be taken up under this option is limited to 100% of Singlife Whole Life’s Base Sum Assured, or up to a maximum of S$500,000 per life, whichever is lower. This option is extended to standard life only. Please refer to the Product Summary for more details.
   
   
7. The policyholder may exercise the Income Payout Option at each monthly anniversary date starting from (i) the policy anniversary when the Life Assured is age 65 or (ii) the end of the premium payment term, whichever is later. The monthly income will start one month after this option is exercised and it must meet the minimum monthly income requirement. Please refer to the Product Summary for more details.
   
   
8. For more details on the riders, please refer to their respective Product Summaries.
   
   
9. The premium payment will resume after 12 months, when the waiver period ends.
   
   
10. Potential Reversionary Bonus of  S$18,200 is based on the illustrated investment rate of return of 4.25% per annum.
    
    
11. The total payout consists of the Base Sum Assured of S$50,000, Additional Sum Assured of S$75,000 and potential bonuses of S$34,148 (based on the illustrated investment rate of return of 4.25% per annum).
    
    
12. The surrender value includes guaranteed and non-guaranteed cash value at the point of full surrender. The figure illustrated assumes that all premiums have been fully paid.