Please note, partial coverage applies to loan/line of credit balances above $300,000 at time of application. Single Critical Illness Illness Insurance (Co-Borrower): If the co-borrower is diagnosed with a covered illness (heart attack, stroke or cancer), this insurance can reduce your loan or line of credit balance up to $300,000. Single Disability Insurance (Borrower): If you (the primary borrower) become disabled and are unable to work, this insurance maintains your regular loan payment(s) or pays 3% of the qualifying balance of your line of credit (up to $3,000 per month for a maximum of 24 months). This option provides life insurance coverage on both you and the co-borrower, disability insurance on just you (the primary borrower) and critical illness insurance on just the co-borrower: Joint Life & Single Disability Insurance (Borrower Only) & Single Critical Illness (Co-Borrower Only) If you are aged 55 years and above, you can choose to retain the rebate in your OA for future approved payments or withdraw your CPF savings if. Therefore, the HPS premium rebate, which is proportional to the total premiums you have paid, will be credited to your OA and form part of your OA savings. Joint Life + Joint Critical Illness Insurance Home Protection Scheme (HPS) premiums are paid using your Ordinary Account (OA) savings. The Home Protector offers excellent coverage for older homes that are well maintained. Company Holdings, AGs rated insurance subsidiaries are currently rated A by Standard & Poors. Single Disability Illness Insurance (Co-Borrower): If the co-borrower becomes disabled and is unable to work, this insurance maintains your regular loan payment(s) or pays 3% of the qualifying balance of your line of credit (up to $3,000 per month for a maximum of 24 months). CFM Homeowners Insurance offers home insurance packages that are. Single Critical Illness Insurance (Borrower): If you are diagnosed with a covered illness (heart attack, stroke or cancer), this insurance can reduce your loan or line of credit balance up to $300,000. Please note, partial coverage applies to loan/line of credit balances above $500,000 at time of application. Joint Life Insurance: If you or the co-borrower passes away, this insurance can pay off your loan or line of credit balance up to $500,000. This option provides life insurance coverage on both you and the co-borrower, critical illness insurance on just you (the primary borrower) and disability insurance on just the co-borrower: Joint Life & Single Critical Illness (Borrower Only) & Single Disability Insurance (Co-Borrower Only)
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