Singlife Whole Life Choice
Customisable lifelong cover with base cash value, additional cover and life-stage options.
Singlife Whole Life Choice is a participating whole life plan built around a Base Cover and optional Additional Cover. It covers death and terminal illness for whole of life, while the base component can accumulate guaranteed and non-guaranteed cash value from the third policy year. Buyers can choose premium payment terms of 10, 15, 20 or 25 years, or pay until age 65. The plan also offers added flexibility through features such as Life Stage Withdrawal Benefit, Retrenchment Benefit, Guaranteed Extra Protection Option and an Income Payout Option for later years.
Singlife has become one of Singapore's more visible composite insurers after absorbing the Aviva book, and this plan reflects that broad retail experience. What stands out is the clear structure: lifelong base protection, a selectable additional cover amount and several life-stage features that are useful for working adults and families. The retrenchment premium waiver is practical in a local context. The trade-off is that the plan has several moving parts, so buyers should take time to understand how bonuses, additional cover reduction and retirement payout options interact.
It takes the top spot for combining strong insurer scale, modern product design and practical flexibility without making the core whole life proposition hard to understand.