TM FlexiAssurance - The Answer To Your Investment Linked Policy (ILP) Woes?

When TM FlexiAssurance was first launched; it seemed to be another run off the mill ILP product; until you attempt to dissect it and then the policy's benefits will thus slowly surface.

In fact, we will not even attempt to call it an investment linked plan but to use the alternative name of a unit linked policy seems more appropriate, as the focus is not so much on making massive returns from the product but rather to have respectable coverage with the mortality charges being level unlike other unit linked policies in the market which only sell plans with increasing mortality charges (this serves as a BIG benefit for the more matured audience!) In a nutshell, here are the pros and cons of TM FlexiAssurance (please refer to policy wordings for actual details) :

• Level Mortality Charge (benefiting the matured clients).
• No premium holidays allowed during first 2 years.
• No surrendering of policy or partial withdrawal of units during first 8 years, else it will incur surrender charges .
• Free Fund Switching.
• Loyalty bonus units given for keeping the policy in forced every 5 years.
• Both optional premium paying or Unit deducting riders are available. (with the latter, it does not cause policy to lapse in bad times).
• Low minimum entry premium of $125 per month.
• Available in 2 coverage options  (till age 70 or 99).
• Invests 100% of your premiums (some companies only start investing the full amount many years after policy is in force)...read up more on front end load and back end load ILP
• Flexibility like Top-ups, partial withdrawals and premium holidays are also available as with all ILP products. 
• Riders like the accelerated Dread Disease is unit deducting and will not lapse when you are taking a "premium holiday" (as long as there are sufficient units in the policy); unlike many other companies which will automatically terminate ALL riders the minute "premium holiday" is activated!

For those who are not certain about the features of such policies and are often mislead by the majority who coin the term "risky" on investment linked policies; maybe the following illustration (courtesy of TMLS TM FlexiAssurance brochure) can show you the benefits of  ILP or Unit Linked Policies:

If you want to know more about this fantastic policy and how it can serve your need, contact us!