Introduction

Universal Life insurance is designed for people who want to leave a rich legacy for their future generations whilst growing their wealth within the plan. Through this plan, we can help you to transfer your estate and pass on your accumulated wealth to your children so that they can be empowered to continue building on your success for a better future for future generations to come.

What does the product cover?

The Universal life insurance plan is specially designed to maximize wealth transfer and to sustain a long-term wealth-building and accumulation strategy. A unique feature of universal life insurance is that after the inception of the policy, you have the option of adjusting the sum assured and the cash value of your policy.

Types of Universal Life

In Singapore, we have 3 types of universal life insurance plans  in general:

  1. Traditional
    • Traditional Universal Life plan’s investment returns are based on the rates declared periodically by your insurer (known as the crediting rate) and can be changed at the insurer’s discretion.
  2. Variable
    • Variable Universal Life plan’s investment return is determined by the underlying investment funds involved, whereby the performance of the underlying instruments defines the returns.
  3. Indexed
    • Indexed Universal Life plan’s investment returns are tied to a Market Index, which is based on market returns; it could be linked to a fixed or equity index account.

The main difference between the 3 types of plans lies in how the returns are generated.

Protection with High Guaranteed Coverage

Your plan comes with financial support and an immediate estate for your family, should an unfortunate event happen. Your family will continue to maintain their current lifestyle without the risk of having to liquidate any assets prematurely.

Flexibility and Adjustment

Enjoy flexible adjustments to your coverage after a certain number of years if a specific benefit is no longer needed. You can also increase the cash value by adding or reducing your premium amounts to adapt to changes. With more premiums, you can also adjust the death benefit based on the different situations in life.

Investment Options

By choosing between the 3 plan types, you can determine if you want more stable returns as determined by the crediting rate, or market returns as determined by the index, or if you would like to manage your own portfolio to “out-earn” market returns.

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Our Partners

PromiseLand works with Partners in the industry to bring the best solutions to the table for our customers. With a selection of carefully designed insurance plans, we ensure that your needs are met. To find out more about the plans below, speak to your Financial Adviser, explore our Financial Calculator, or book an appointment to discuss your needs with us today.

AIA Logo

AIA Singapore Pte Ltd

HSBC Insurance

HSBC Insurance (Singapore) Pte. Limited

MANULIFE (SINGAPORE) PTE. LTD

Manulife (Singapore) Pte. Ltd

Swiss Life (Singapore) Pte. Ltd.

Swiss Life (Singapore) Pte. Ltd.

Transamerica Life (Bermuda) Ltd

Transamerica Life (Bermuda) Ltd

Journeying with You

Journeying through some challenges in life can be tough and we know.  We make sure that every step of the way, we are there to help you.

Andrew Han

MINDEF - Assistant Director (IT systems)/SMART buildings
I was actually in the market looking for a short term saving plan with guaranteed returns of between 10 to 12%/annum. Jeremy was able to refer me to an opportunity that offered a financial platform which guarantees by contract my

Abe Fumika

Consultant
She is knowledgeable, responsible and do not ‘hard sell’ her policies. Rachel has always been in this industry. She is always here to take care of my questions and to constantly update me with regards to change in policy’s terms

Esther Lee

Doctor
Rachael has been our financial consultant for the past 5 years and we have been very pleased with her service and professionalism. With our busy schedules, Rachael is always very understanding and accommodating. She is also very transparent in sharing

Wong Hoe Hon

Director of Eastern Green
Roger is a great person with great character. He is very trustworthy and provides excellent service. I gained much clarity after speaking with him! He was able to show me a clear overview across insurers and even shared with me

Dicky Ho

Information Technology Security Officer
Joseph is a very hardworking and responsible consultant. He gives the best advice and solutions after analyzing my needs. He is also a very good trusted friend. I am very pleased to have him to take care of my portfolio.

Satyajit RK

Recruitment Consultant
Daniel has provided an excellent service. He recommended policy that matched my requirements. Thank you!

Felix Setiawan

Interior Designer
Nelson is different from others, he is knowledgeable in his industry. I appreciate his professionalism as he only recommended solutions based on my needs. He is extremely helpful and is willing to go the extra mile for his clients. I

Joel Rodrigues

Chief Investment Office - Investment Content Manager
I decided to work with Daniel for my financial planning matters as he was able to provide me with the information that I need whilst remaining objective about his recommendation. Throughout my interaction with Daniel, I appreciate the fact that

Klaire Chan

Adult Educator
Prompt and patient, responsive and responsible, Anne was a real blessing in her attentive consultations, efficient follow-throughs and thoughtful support. I know I can trust her to be there for me on this journey to financial health!

Jackie

Professor
I have known Ron since 2015 and find him to be a professional who truly listens to all my needs. He provides great solutions for my retirement planning, and I am happy with it.

Tan Jia Jun

Director at Unisprings
Excellent and fast service by Daniel Choo!

Henry Koo

Consultant, Chief Financial Officer, FMCG, FCA
Jeremy genuinely cares, is always willing to help and advises from the heart. He is knowledgeable about various financial and insurance products and offers a holistic retirement/financial planning approach.

Alan Koo

SABECO - Chief Financial Officer/Deputy General Director
I was introduced to Jeremy via a referral. Overall, I was happy with the service that Jeremy rendered given my requirements. Good follow through and always able to provide different offerings for me to decide upon and not just a

Jenny 

Sales Manager
I get to know Joseph as my financial planner in year 2019 . He is a great person with great character. He is very trustworthy and provides excellent service. Joseph has made the process of dealing with insurance easy and

Hannah

Teacher
I am glad to have chanced upon Midas and met Joseph and Kardiono when I was looking for an investment plan that could grow my funds for retirement. Having exhausted my funds on housing and surrendered my investment link insurance

Eric Elsig Fabian

NIKE - Director Treasury Asia
I have been looking for a long time for someone who could explain me the maze of financial planning, until I met Jeremy, everything become crystal clear. Throughout the different meetings, Jeremy has been able to identify my needs and

Yew Chi Sing

MAS - Deputy Director
“Jeremy has provided me with great advice in financial planning. As an independent financial adviser, I truly appreciate that he's able to analyse and compare across all the market products available which best fit my requirements. He has helped me

Lock

Head of Security and Compliance
Wai Hon has extensive experiences in the financial services industry in various capacities. As an advisor, he is very professional in helping me to find the best product in the market that suits my exact needs. He is helpful in