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Deciding how long to pay the premium ("Payment Term")

You can choose the number of years you wish to pay premiums for
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Single pay

Pay premium once during purchase

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Limited pay

Pay premiums for a few years, but not the whole duration of the policy

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Regular pay

Pay premiums till the end of the policy

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You may have read that you can save up to 60% in premiums by opting for single pay, or 40% by opting for limited pay. This is not entirely true. If you are looking at the inflation-adjusted value of your premiums, you will save less than 15%!

(Don’t worry, we will help you in calculating your real savings when you complete this term guide journey and download your report)

The secret to making the right decision is choosing as per your convenience.

Take your pick.