OwlStar
Our insurance product evaluation tool to help you navigate the complexities of insurance with confidence
WHAT IS TERM LIFE?
Term life insurance provides a lump sum payout in the event of death, terminal illness, or total and permanent disability, with the option to include critical illness riders. It provides coverage for a limited duration.
COVERS
Death, Total & Permanent Disability (TPD), Terminal Illness (TI)
Value for Money
Can buy it yourself online
No loading, only exclusions
COVERS
Death, Total & Permanent Disability (TPD), Terminal Illness (TI)
Lower premium than personal plans
Can buy it yourself online
Only for protection up to $400k
COVERS
Death and Terminal Illness (TI)
Good value with perpetual premium discounts
Option to increase sum assured without health underwriting at key life stages
Coverage duration cannot be extended
How Do We Evaluate?
The MoneyOwl Insurance Philosophy prioritises minimising costs (premiums in terms of outlay now, not cash to be returned in future) while maximising benefits (coverage and sum assured). We stress the importance of achieving a reasonable and justifiable balance between these factors, and prioritise Core Life Coverage.
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