FAQ:Term Assurance With Income Benefit

1. The following tables show the benchmark premium rates for a policy that provides term insurance for $25,000 combined with a income benefit of $1,000 per month.

On premature death of the policyholder during the term, the policy pays the sum assured
immediately and the income benefit for the remainder of the period of insurance.

2. Example

A male at age 35 insuring under this plan for 25 years pays an annual premium of $303. If he opts for two times of the benefit, i.e. term insurance of $50,000 and income benefit of $2,000 per month, the premium is 2 times of $303, or $606.

3.  These benchmark rates are calculated based on the current mortality rates, and a fair loading for expense and profit margin. It may not be the actual rates now charged in the market.

TERM INSURANCE OF $25,000 PLUS
INCOME BENEFIT OF $1,000 MONTHLY

TERM INSURANCE OF $25,000 PLUS
INCOME BENEFIT OF $1,000 MONTHLY