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Faith, your friendly assistant
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Latest activity by Faith, your friendly assistant-
Faith, your friendly assistant created an article,
How can I repay my loan?
Policy loan repayment can be made in part or full by cheque or by PayNow to our UEN at 200501737H. If a payment to you is due, such as from an eligible claim, cash benefits or after a surrender r...
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Faith, your friendly assistant created an article,
Can I take a loan from my policy’s surrender value?
If your policy has a positive surrender value, you may apply for a policy loan after 2 policy years, subject to our policy loan requirements. We will charge you interest on the amount you owe, at i...
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Faith, your friendly assistant created an article,
Will I be able to get a refund if I cancel my FWD Life Income policy?
If you aren’t completely satisfied with your policy and you haven’t made a claim under it, you have 14 calendar days from the date you receive your policy to cancel it. After receiving your notice,...
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Faith, your friendly assistant created an article,
What is the minimum premium required to start a FWD Life Income policy?
The minimum premiums are as follow: Single premium: S$50,000 one-time payment 5-year premium payment term: S$7,000 annually for 5 years 10-year premium payment term: S$3,000 annually for 10 years
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Faith, your friendly assistant created an article,
What are the payment method options for FWD Life Income?
You can pay using any of the following options: GIRO (General Interbank Recurring Order); direct bank transfer; or PayNow to our UEN at 200501737H.
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Faith, your friendly assistant created an article,
Who can buy FWD Life Income?
If you are between 18 and 70 years old, a resident of Singapore holding an NRIC, FIN, or a work permit, you will be able to purchase FWD Life Income. Foreigners may also purchase the policy in Sing...
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Faith, your friendly assistant created an article,
Can the policy owner revoke the secondary person insured nomination after the active person insured dies?
No, the policy owner can only revoke the secondary person insured nomination before the death of the active person insured. On the death of the active person insured, the secondary person insured ...
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Faith, your friendly assistant created an article,
What happens if the secondary person insured dies before the active person insured?
Nothing happens – no death benefit will be paid out. The policy will continue as if no secondary person insured was appointed. The policy owner can appoint a new secondary person insured if the pol...
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Faith, your friendly assistant created an article,
Who can change the secondary person insured of the policy?
Only the policy owner can make changes (appoint or revoke) to the secondary person insured.
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Faith, your friendly assistant created an article,
If there is an appointed secondary person insured, what happens to the policy upon death of the policy owner?
Upon death of the policy owner, the policy will go to the estate of the policy owner. For a first-party policy, where the policy owner is the active person insured, the secondary person insured wil...