Term Plan comes in several forms. Understanding the differences helps you choose the structure that fits your life stage and budget.
| Type | What it means |
|---|---|
| Level term | Constant cover and premium throughout the term. |
| Increasing term | Cover rises at a fixed percentage a year. |
| Decreasing term | Cover falls with time, often used to match an outstanding loan. |
| Return-of-premium term | Refunds premiums on survival at the end of the term. |
| Whole-life term | Cover to a very advanced age for estate planning. |
| Term with income benefit | Pays part of the sum assured as monthly income to the family. |
Not sure which suits you? Take our two-minute needs quiz or talk to us.