FWD Life Protection

A whole of life plan designed to safeguard your financial future from life's uncertainties.

Why choose FWD Life Protection?

FWD Life Protection is a participating whole of life insurance that pairs robust coverage with versatility so that you can weather the unexpected in life.

Enjoy boosted coverage throughout your life

Multiply your coverage by 2x, 3x or 5x¹ till your selected minimum protection level (MPL) age option of 75 or 85 years old. Thereafter, the boosted coverage will be reduced by 10% annually for the next 5 years², so that you can still maintain 50% of your boosted coverage to give you extra peace of mind.

Convert your policy value into an annual income stream

Strengthen your financial safety net with annual income payouts by converting up to 80% of the policy value³, from as early as at 55 years old, to support your retirement needs.

Enjoy comprehensive critical illness (CI) rider benefits

With FWD Early CI Protection Rider, you'll be covered for 175 conditions including pre-early cancer, special, mental and juvenile conditions. The rider also provides an additional payout upon admission into an intensive care unit (ICU).

Product highlights

Get financial relief when the need arises

Defer your premium payment for up to 12 months and stay covered with the Premium Deferment Option⁴.

Stay resilient even during retrenchment

We will waive your premiums for 12 months upon retrenchment so that you don’t have to dip into your emergency funds to keep your policy in force⁵.

Holistic CI rider benefits

Enjoy coverage for special, mental and juvenile conditions and ICU admission with FWD Early CI Protection Rider. We also cover you for pre-early cancer.

Choose your preferred premium payment term

Enjoy the flexibility of choosing your premium payment term of 5, 10, 15, 20 or 25 years.

Adjust your coverage based on your milestones

Have the flexibility to increase your coverage when you reach certain life milestones, such as graduating from tertiary education, purchasing a new home, or having (or adopting) a child. You don’t need to provide evidence of good health to increase your coverage.

Optional Benefits

FWD Early CI Protection Rider

We cover 175 conditions, including pre-early cancer, special, mental and juvenile conditions. We also provide an additional payout upon admission into an intensive care unit (ICU).

FWD CI Protection Rider

This rider covers 60 late-stage CI conditions. We will provide a lump sum payout upon the diagnosis of a late-stage CI.

FWD CI Premium Waiver Rider

We will waive future premiums if the person insured is diagnosed with any of the covered CIs.

FWD Payer Premium Waiver Rider

Add on this rider when you purchase a policy with a dependent as the person insured. We will waive future premiums if the policy owner dies, becomes totally and permanently disabled or is diagnosed with any of the covered CIs.

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Helpful information

Important notes

¹ This refers to the multiplier factor. The multiplier factor boosts your chosen sum insured. You may choose between 2, 3 or 5 times of your chosen sum insured. You will not be able to change the multiplier factor after the policy is issued.

² The boosted coverage will be reduced by 10% once the person insured reaches the chosen minimum protection level (MPL) age option, and this reduction will continue every year for a period of 5 years. Thereafter, it will remain constant until the end of the coverage term.

³ The policy value refers to the Surrender Value, which is the sum of the guaranteed surrender value, any accumulated Reversionary Bonus and Terminal Bonus, after deducting all outstanding fees, charges and any other amounts owed to us.

⁴ Under the Premium Deferment Option, you can request to defer the premium payment at any time after 6 years from the policy issue date, provided we have received at least 6 full annual premiums. At the end of the premium deferment period, you have to pay the outstanding premiums without interest.

⁵ You are eligible for the Retrenchment Benefit if you are retrenched and remain unemployed for at least 30 consecutive days before you turn age 65. We will waive the premiums payable (including the premiums for all attached riders) for 12 months, starting from the next premium due.

This website contains only general information and does not have any regard to the specific investment objectives, financial situation and the particular needs of any specific person. All insurance applications are subject to FWD’s underwriting and acceptance. This does not constitute an offer to buy or sell an insurance product or service. Please refer to the exact terms and conditions, specific details and exclusions applicable in the policy documents that can be obtained from our financial advisory partners. You may wish to seek advice from a financial adviser representative for a financial needs analysis before purchasing a policy suitable to meet your needs.

FWD Life Protection is a participating whole life plan offered by FWD Singapore Pte. Ltd. (Reg. No. 200501737H), which invests part of your premiums into FWD’s Participating Fund. The benefits under this policy comprise guaranteed and non-guaranteed benefits. The actual non-guaranteed benefits payable will be based on the actual performance of the assets of the Participating Fund. Past performance is not an indication of future performance.

As buying a life insurance policy is a long-term commitment, an early termination of the policy usually involves high costs and the surrender value, if any, that is payable to you may be zero or less than the total premiums paid.

This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the GIA/LIA or SDIC web-sites (www.gia.org.sg www.lia.org.sg or www.sdic.org.sg).

This advertisement has not been reviewed by the Monetary Authority of Singapore.

Information is correct as at 1 November 2023.