Asked by Cherie Julianne Tan

Which insurance company offers Limited-Pay Term Life Insurance?

Just recalled that I once came across a comment for one of my articles that we are able to get a LIMITED-PAY term insurance. Hearing limited-pay term insurance had definitely piqued my interest, especially since now I have just started working and would like to protect myself more! Please share more with me, thanks!!

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    • Hariz Arthur Maloy
      Hariz Arthur Maloy, Independent Financial Advisor at Promiseland Independent

      Top Contributor (Dec)

      246 Answers, 427 Upvotes
      Answered on 17 Oct 2018

      AXA Term Protector is the only one.

      Here's proof.

      You can pay throughout or pay for 15 or 20 years.

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    • Cheng You Yi
      Cheng You Yi
      5 Answers, 7 Upvotes
      Answered on 17 Oct 2018

      Believe it was AXA

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    Bryant Chua
    Bryant Chua
    2 Answers, 2 Upvotes
    17 Oct 2018

    Hi Cherie,

    most term life insurance are paid yearly for the term that you choose. It still provides for a life coverage for the stated number of years that you are looking for. Limited pay would be more for the Whole Life insurance, paying for a 10/12 years and getting coverage for life. However, limited pay are usually more expensive as the cost of insurance are squeezed into those few years instead of spreading it out.

    Hope this helps!

    Do drop me a PM if you have more queries

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