TM Legacy LifeFlex - Tokio Marine's (TMLS) Booster?

It's finally out! Ever since Tokio Marine Life Insurance Singapore (TMLS) withdrew their flagship product, TM Legacy Plus..clients and peers alike have been asking why and waiting patiently for the company's product team to come up with another unique life plan which can cover critical illness and maybe early detection riders and finally the wait is over as TM Legacy LifeFlex is born! Since it's so fresh from the oven, we will just share what we know about it and maybe over time, post some updates on the pros and cons of the product
  

• Limited premium term.
• Early, Intermediate & Advance stages of Critical Illness (CI) can be claimed.
• Flexibility to buy & CHOOSE BETWEEN Early Care (EC-early detection) & CI riders or both.
• Early Care limit has been raised to $150,000 from the previous $75,000
• GUARANTEED CI premium rates.
• Multiplier available up to 10x or what they call "boosters" to increase your coverage (if you are on a tight budget).
• ANNUAL DIVIDEND (1% of sum assured) from @65 for retirement income (non guaranteed)~the only plan in the market to offer this currently.
• Up to 50% off medical underwriting (for high multiplier).
• Some companies can only claim 25-50% of Sum Assured for Early Detection.. The EC in this plan can claim full (up to the limit stated*).
• Boosters stop at age 65.
• Early Care Pays for life on wellness* benefit, while its booster does not have this benefit at all.
• Once Basic booster terminates, all boosters will lapse.
• Minimum CI Rider to be purchased is $15k.
• Must have rider before purchasing rider boosters.
• Riders must be added within the 1st 6 months of policy being incepted.

*For more details, please refer to policy.
Even though there are puns about it being known as "lie flat"; we are very sure this product is going to take the market by storm with its flexibility! Contact us now for more info! If you need us to elaborate the product to your company's employees, feel free to contact us using the above link as well.

TM Legacy Plus (Revised 14 Oct 2011)

TM Legacy Plus : The name by itself often puts the man on the street off; simply because "legacy" seems to be often associated with "an amount of money or property left to someone in a will" and to many, it involves a lot of money.

Well, it still involves a substantial amount of money, but it will be coming from TM-legacy plus to your loved ones as an income replacement or simply as the gift from you to your loved ones, otherwise known as Your Legacy. This product is in essence a whole life plan to protect one against unexpected dread disease and death benefits. What makes TM Legacy Plus stand out from the crowd are some of the following benefits which are listed below (a few of them are revised from the older version):

• Limited payment premium : to allow you to better plan your budgeting; TM legacy plus is great for grandparents to leave a bequest for their grandchildren, because of this limited premium feature! Another group of people who can benefit from this feature, are probably young families who just want to try and clear all liabilities fast, so that they can do their family planning!
• Removal of exclusion clause for Critical Illness rider where Tokio Marine will not pay Critical illness claim for "any congenital or inherited disorder which first manifested itself before the Life Assured’s 7th birthday"- which is a big plus in this revised version of the policy against Tokio Marine's competitors because let's face it....we didn't choose to be born with congenital defects when we come into this Earth, so why should we be penalized for it?
• When placed against its closest competitor, Tokio Marine's business rival has very high non-guaranteed returns, compared against this revised plan.
• The Minimum Death Benefit (MDB) is extended to age 70 from 65 (in the older version). This applies to the Critical Illness accelerated rider as well: This is in fact the strongest selling point of this product! The MDB is shown in the table below.

There you have it; if you still want to know more about this incredible policy which has taken Singapore by storm, feel free to contact us and find out why Singaporeans are raving about this plan.