Best protection for your beloved family

Underwritten by Shin Kong Life Insurance Co., Ltd.

Underwriting & Collaborative Partners

  • familymart
  • fubon
  • gogoout
  • hotai insurance
  • hotels.com
  • jms
  • leader event
  • msig
  • shin kong bank
  • shin kong life
  • shin kong insurance
  • taian
  • tokyo marine
  • familymart
  • fubon
  • gogoout
  • hotai insurance
  • hotels.com
  • jms
  • leader event
  • msig
  • shin kong bank
  • shin kong life
  • shin kong insurance
  • taian
  • tokyo marine

Product Features

Affordable Premium for High Coverage

Low premium needed per day to enjoy millions dollar coverage.

Flexible Coverage Periods to Fit your Needs

This plan offers different coverage periods ranging from 10 to 30 years. You are free to choose the coverage that best suits your needs.

Stable Premium during Coverage Period

The premium will not increase with age during the coverage period. You can plan your future easily.

Product Features

Affordable Premium for High Coverage

Low premium needed per day to enjoy millions dollar coverage.

Flexible Coverage Periods to Fit your Needs

This plan offers different coverage periods ranging from 10 to 30 years. You are free to choose the coverage that best suits your needs.

Stable Premium during Coverage Period

The premium will not increase with age during the coverage period. You can plan your future easily.

Example

Male | Age 30

Term Life Insurance Coverage NT$ 1,000,000 Until 40 years old

Premium NT$ 8 per day

Three Step Application

1

Choose the coverage amount needed.

2

Leave us your name and contact information.

3

We will contact you shortly to confirm the information required and to help you to complete the application.

Information needed:

  • Beneficiary information
  • Health condition

Product Details

Product Type
Term life insurance
Coverage Period
10, 20 or 30 Years
Premium Paying Period
Same as Coverage Period
Issue Age Limit
  • 10 years: 15-70
  • 20 years: 15-60
  • 30 years: 15-50
Coverage
  • 1. Death
  • 2. Total and Permanent Disability (see table below)

What is term life insurance?

Life insurance is a simple and effective risk management tool. Compared with other life insurance products, the insured of term life insurance can enjoy a high protection during the coverage period at low and fixed premiums. The beneficiaries can get full claims for the insured's death or total and permanent disablement no matter whether it is caused by illness or accident.

iFWD recommends you the level premium term life insurance in which the premiums remain stable throughout the coverage period regardless the length of the coverage. This helps you to protect your family easily.

Why do I need a life Insurance?

Life insurance would be an important protection for your beloved family, which enables you to:

  • 1. Avoid the debt burden to come to your family: You will never leave the debt to your family. The death benefit can pay for your debt such as credit card or mortgages.
  • 2. Ease the financial pressure of your family: Death benefit that life insurance offers can ease the financial pressure of your family. It prevents your family from facing financial difficulties even in the loss of their breadwinner.
  • 3. Assure the living expenses for your family: Education expenses of your children, living expenses of your parents and any other living expenses can be assured by the coverage life insurance offers.
  • 4. Focus on future planning: The protection life insurance offers enables you to pursue your dream and do your future planning without worrying about any unexpected risk.

Why term life insurance?

  • 1. Affordable premium: You can find the affordable coverage for you regardless of your financial situation.
  • 2. Better coverage: Compare to general whole life insurance, you can get better coverage with term life insurance at the same premium.
  • 3. Flexible coverage period: You can select the coverage period that suits your needs at different life stages.
  • 4. Flexible coverage amount: You can select the coverage amount that suits your needs at different life stages.

How do I choose a life insurance?

You can clarify your needs and choose a suitable life insurance coverage by asking yourself following questions:

  • 1. Whom would you like to protect?
  • 2. If you unfortunately pass away or are completely disabled, how many family members would need financial support?
  • 3. If you unfortunately pass away or be completely disabled, how many debts would need to be paid off
  • 4. If the risk happens, how many financial losses would you suffer? What kind of changes would strike the life of yours and your family’s?
  • 5. How much premium can you afford?

Definition of Total and Permanent Disability

  • 1. Bilateral blindness (note 1)
  • 2. Loss of both hands from the wrist, or both feet from the ankle.
  • 3. Loss of one hand from wrist and one foot from the ankle.
  • 4. Blindness in one eye and loss of one hand from the wrist, or blindness in one eye and loss of one foot from the ankle.
  • 5. Permanent loss of chewing ability (note2) or speech (note 3).
  • 6. Permanent and total loss of function in all limbs (note 4).
  • 7. Severe impairment of central nervous system function or thoracic/abdominal organ function resulting in permanent inability to perform work and total reliance on others' assistance to perform daily activities necessary to maintain life (note 5).

Note 1. Determination of blindness

  • (1) The Landolt Vision Screening Chart will be used to test the corrected vision of each eye independently.
  • (2) "Blindness" means that vision permanently tests at or below 0.02 using the Landolt Vision Screening Chart.
  • (3) Determination will in principle be made after six months of treatment from the date of injury, provided that this provision shall not apply where there has been surgical removal of the eyeball or other conditions from which recovery is clearly not possible.

Note 2. "Loss of chewing ability" means functional impairment resulting in inability to perform chewing motions due to other than dental factors, such that nothing other than liquid nutrients can be ingested.

Note 3. "Loss of speech" means the inability to produce three or more of the four types of linguistic capabilities (labials, dentals, palatals, uvulars) that make up language.

Note 4. "Permanent and total loss of function" means complete loss of function that continues after six months.

Note 5. "Total reliance on others' assistance to perform daily activities necessary to maintain life" means inability to eat, defecate, urinate, dress, undress, perform daily activities, walk, or bathe on one's own, for all of which regular reliance on others is required.

Exclusion

A beneficiary who wilfully causes the death of the insured, or attempts unsuccessfully to do so, shall lose the right to receive benefits.

If a beneficiary loses the right to receive benefits because of circumstances set forth in the preceding paragraph, and as a result there is no beneficiary to receive the insured amount, the insured amount shall be treated as part of the insured's estate. The benefits that belong to the beneficiary, who lose the right to receive benefits, will be distributed to other beneficiaries (if any) according to previous agreed proportion.