Fi Life Expands Term Life Insurance Plans To Include 10- To 30-Year Terms
Author Avatar

Fi Life has expanded its existing 20-year term life insurance policy to include 10, 15, 25, and 30-year terms as well. With these additions, customers will be able to enjoy fixed premiums for a period of up to 30 years with no increases in the premium price.

As explained by Fi Life, these different level term durations give flexibility to customers to select the term duration that is best suited to their needs. “For example, a parent with very young children might opt for a 20 or a 25-year level term policy, where the coverage period lasts until his children reach working age,” Fi Life said on its website. “For the same reason, another parent, but with teenage children, might select a shorter 10-year level term policy.”

Fi Life and its underwriter Tokio Marine revealed that they co-developed the new level term policies based on feedback from customers and financial planners. According to Fi Life, its term-life policies can provide a price saving of up to 57% for a 30-year term premium in comparison with a yearly renewable term plan for a 40-year-old non-smoking male.

Illustration provided by Fi Life on the potential savings achieved with a level term policy

Fi Life also provides yearly renewable term policies, where the premiums start out lower but increase slightly every year with the policyholder’s age. Both types of life insurance policies provided by Fi Life come with a critical illness add-on option.

Thanks to our partnership with Fi Life, RinggitPlus readers can enjoy an exclusive 10% rebate on their first-year premium! Simply purchase a Fi Life policy through this link and enter the code RPLUS10 at the payment section.

(Source: Fi Life)

5 1 vote
Article Rating

SHARE

Comments (0)

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments
Top Personal Finance News Articles
Post Image
Petrol Price Malaysia Live Updates (RON95, RON97 & Diesel)
The RinggitPlus Team
- 14th July 2021
We provide weekly updates on every Friday at 5pm on the prices of RON95, RON97 and Diesel in Malaysia and a chart that shows the movement of fuel prices across a 6-week period. Bookmark this page now!
Post Image
Touch n Go RFID: What Malaysian Road Users Need To Know
Jacie Tan
- 10th August 2018
Everyone’s talking about Touch ’n Go RFID being used at Malaysian highway tolls soon – here’s what you need to know about it.
Post Image
Malaysian Banks And Local Institutions Offer Financial Assistance For Customers Affected By Covid-19
Alex Cheong
- 1st April 2020
(Last update: 1 April 2020, 3.40pm to include FAQs by banks.) With Malaysia going into an extended period […]
Post Image
How to Decide Whether to Buy a New or Used Car
The RinggitPlus Team
- 25th January 2019
Considering an upgrade on your wheels or a first car? The eternal question would be whether to buy a new or used car. We take on the question of buying new or used and turn it inside out to help you make a decision.

Related articles

Related Posts Image
Related Posts Image
Related Posts Image
Related Posts Image