Get Insurance and Investment in one – on your terms.
We all understand the need for insurance. But sometimes today's needs can get in the way of tomorrow’s. Life does not always follow a schedule – but if you plan early, time can work for you. Starting on life coverage while you’re young and healthy allows you to enjoy low premiums for a bigger coverage. Plus, you have an option to invest a portion of your premium to a deposit fund. Of course, the earlier you start, the longer time you have to build up your funds for investment.
With Pioneer Life Affirm - 5, you can:
Enjoy automatic renewal of your coverage every 5 years
Your coverage is renewable every 5 years regardless of your health condition. After all, we trust you to stay healthy. Your premiums will be adjusted according to your age upon each renewal.
Earn guaranteed interest on your investment
Your Affirm-5 investment is money available to you at your option. If maintained, it earns interest at a rate guaranteed every policy anniversary*. Should you have extra resources such as a bonus or salary increase, and you wish to contribute more to your investment, you can do so.
Automatic conversion for a lifetime coverage
When your policy anniversary falls between your 76th and 80th birthday, your coverage is automatically converted to whole life. This means you’re covered for the rest of your life – and you can use your investment fund to pay for your premiums.
*Any portion of your fund that is withdrawn during the first year will not earn interest
All this while you are enjoying life insurance coverage customized to your needs- including the Pioneer Life Disability Waiver of Premium Rider which ensures that you’ll always enjoy these benefits. After all, you’re young and healthy now – but suppose you meet a serious accident tomorrow? You could be totally and permanently disabled, unable to earn as you do now. Your SSS may not be enough; your family may have to support you. What if you can’t keep up with your premium payments? You’ll lose the insurance that was supposed to protect your future.
With this rider, Pioneer Life waives the rest of your premiums if you’re totally and permanently disabled. So your policy – and your plans, including the benefit payments – stay on track.
