{"id":11558,"date":"2025-01-22T04:26:36","date_gmt":"2025-01-21T20:26:36","guid":{"rendered":"https:\/\/newcorpdemo-uat.cntaiping.sg\/?post_type=financial-articles&p=11558"},"modified":"2025-04-10T12:40:48","modified_gmt":"2025-04-10T04:40:48","slug":"guide-on-reviewing","status":"publish","type":"financial-articles","link":"https:\/\/www.sg.cntaiping.com\/en\/financial-articles\/guide-on-reviewing\/","title":{"rendered":"A Guide On Reviewing Your Term Life Insurance Policy for Peace of Mind"},"content":{"rendered":"\t\t
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\n\t\t\t\t\t\t\t\t\tLife is constantly evolving, and with every new chapter, our financial responsibilities and priorities shift. Milestones like the birth of a child, buying a new home, or advancing in your career often call for a reassessment of our financial safety nets. One vital component of this safety net is your term life insurance plans.<\/a> It\u2019s essential to ensure that your term life insurance provides sufficient protection as your priorities change, helping to maintain both peace of mind and financial security.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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What is term life insurance?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tTerm life insurance is a straightforward and cost-effective form of life insurance that provides coverage for a specific period, or “term.” If the policyholder passes away during the term, the insurer pays a death benefit to the beneficiaries. This type of insurance is particularly popular in Singapore due to its affordability and simplicity, making it an attractive option for individuals and families looking to secure their financial future. When considering your options, it\u2019s important to think about\u00a0choosing between whole life or term insurance<\/a> based on your long-term goals and financial situation. While term life insurance offers temporary coverage at a lower cost, whole life insurance<\/a> provides lifelong protection with the added benefit of cash value accumulation.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tIt is important to periodically review your term life insurance policy to ensure that it meets your ongoing protection needs. Life changes, and so should your coverage. Regular reviews help you evaluate your protection value to reflect significant life events, ensuring your loved ones remain adequately protected.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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When to review your term life insurance policy<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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A good rule of thumb is to review your term life insurance policy every one to two years or whenever a major life event occurs. Here are some scenarios that may prompt a review<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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