Video

Term vs Whole Life Insurance


Article Author - Providend Ltd
By Providend Ltd
May 25, 2015


Why are we such strong advocates of term insurance? Because, in our opinion, Whole Life insurance is not only expensive and inflexible, it's unnecessary.

The bottom line is: Term insurance is the only way we can insure ourselves fully without over-burdening ourselves with premiums. People are also often told that Whole Life insurance is better because they are able to get money back if they choose to surrender the policy. We explain why that statement is only half the truth. Watch this video to learn more.


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DIYInsurance (Do It Your-way Insurance) is Singapore's First Life Insurance Comparison Web Portal started in June 2014 by Providend Ltd to empower people to make informed decisions about their own insurance purchases. In addition to ongoing promotions, we rebate 50% of the agent’s commissions back to our clients so that they enjoy greater cost savings.

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