AIA Mortgage Reducing Term Assurance Reviews and Comparison - Seedly
 
AIA Mortgage Reducing Term Assurance
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OCBC Mortgage Insurance

NTUC Income Mortgage Term

AIA Mortgage Reducing Term Assurance

Tokio Marine TM Mortgage Protection

Hi Anon, you could ask an independent financial advisor like me for a comparison from multiple insurers for mortgage insurance. If you'd like to keep your confidentiality, you could drop me an email at [email protected] with your date of birth, gender, smoking status, the sum assured, policy term, and whether you'd like to get a joint-life or single life policy. I'll be able to let you know what are the cheapest options available. :)

OCBC Mortgage Insurance

NTUC Income Mortgage Term

AIA Mortgage Reducing Term Assurance

Tokio Marine TM Mortgage Protection

Manulife ManuProtect Decreasing

Haven't seen a group mortgage policy yet but the same cons apply to group policies. 1) You don't own the policy. 2) T&Cs can change without your discretion. 3) Premiums can change for better or worse. 4) You might not be able to carry on the policy after leaving the "group". Pro: 1) Cheaper. For anything as important as leaving a huge liability that you know your family won't be able to handle, make sure you have full control and rights to the insurance policy meant to help you out. Just get a private policy.
About AIA Mortgage Reducing Term Assurance
Product NameAIA Mortgage Reducing Term Assurance

About AIA Mortgage Reducing Term Assurance

Eligibility: 16 – 70 years of age

Coverage: Death and Total & Permanent Disability

In an unfortunate event that costs your lives or your limbs, your chosen coverage amount will help to pay your outstanding housing loan, easing the financial burden for your loved ones.

You only need to pay first 75% of your mortgage premium payment term and enjoy the last 25% remaining for free. Given that you finish paying your mortgage loan or decided to sell your home, the Mortgage coverage will still continue up to your 75th birthday.