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Affordable Life Insurance
for Southeast Asia and beyond
Summary
Life Insurance
If you have people who rely on your income or if you have any significant financial liabilities, life insurance can protect your beneficiaries from further financial hardship in the event of your untimely passing. Tenzing Pacific Services helps you get it right — from the type of life insurance to the provider to the amount of coverage.
Life Insurance
Key Features
International Partners & Providers
Portability
Sum Insured
Currency Options
Beneficiaries
Add-Ons
Life Insurance
You Should Consider Life Insurance if You ...
Life Insurance
Affordable Premiums
Lock-in your premiums for the entire duration of your term, which is based on your age at entry. This means your premium will not increase with age, inflation or changes to your health status.
Life Insurance
Our Providers
Over the years, we’ve built relationships with a variety of international life insurance providers. By not being tied to a single insurer, our advisors can match our clients to a life insurer that best suits their needs and situation, such as:
- term-life
- universal life
- decreasing term
- joint-life
- annual life and more
Our Consultation Process
As part of a greater holistic consulting methodology, your Tenzing advisor will work with you to determine exactly how much life insurance coverage you need, based on your assets, liabilities, final costs and your family’s ongoing and future needs. This data-driven approach makes sure you’re neither under- nor over-insured, allowing for peace of mind should the worst happen.
Types of Life Insurance
Term Life
Whole Life
Universal Life
Annual Life
Term life insurance is the most straightforward type of life insurance, where a policyholder takes out a policy for a fixed duration of time, the term. If the policyholder passes away during the term, then the insurer will pay out the benefit as specified. Term-life insurance pays out on death from all causes and usually has options to add on disability, critical illness or higher accident cover.
The duration of the term is up to the policyholder and is one contributing factor into the premium in addition to policyholder's age, smoking status, gender, sum insured value and health, among other factors.
Term life insurance is different from universal, whole life, or permanent life insurance in that it provides coverage only for a specified amount of time. Once the term expires, there is no cash back element -- the policy is over. For this reason, term life insurance is very affordable.
Rather than selecting a specific term, with whole life insurance the policyholder is covered for their whole life. This will guarantee to pay the benefit out so long as premiums are paid and the claim is valid. Payments are still made every year, or can be condensed into a 10-year period. There is no cash back or refund element. Premiums are fixed for the duration of the term, based on your age at entry.
Universal life insurance is usually used to generate wealth. With universal life insurance, you put in a lump sum premium upfront and you're covered for 3x that amount. The minimum initial input is $50,000 USD.
This is a term life policy, but there is no set term. You just pay the renewal premium every year, but premiums will increase annually based on with age and inflation.
Frequently Asked Questions about
Life Insurance
Life insurance is an arrangement between an individual and an insurance company in which the insurer contractually agrees to pay a specified sum to an appointed beneficiary upon the death of the policyholder. When purchasing life insurance, the policyholder typically pays a regular or lump-sum premium to the insurer in exchange for the coverage.
Life insurance is common around the world and is used as a way for family and loved ones to pay off the deceased's debts, fund college or university, and provide other essential living expenses when they are needed the most. Life insurance is a routine element of a family’s financial plan.
Life insurance is common around the world and is used as a way for family and loved ones to pay off the deceased's debts, fund college or university, and provide other essential living expenses when they are needed the most. Life insurance is a routine element of a family’s financial plan.
Our global coverage provides the best life insurance policy regardless of where one lives, works, or travels. Our benefits are far-reaching and cover death from all causes with additional riders covering critical illnesses and disabilities.
We offer competitive and affordable premiums rates that do not increase by year or with inflation. Our services are meant to benefit individuals and families by easing the burden of making important financial decisions without worrying about payment increases or unforeseen costs and fees.
Tenzing Pacific Services is dedicated to working with you to provide optimal coverage for yourself and your loved ones and will stop at nothing to give you the most comprehensive life insurance policy possible.
We offer competitive and affordable premiums rates that do not increase by year or with inflation. Our services are meant to benefit individuals and families by easing the burden of making important financial decisions without worrying about payment increases or unforeseen costs and fees.
Tenzing Pacific Services is dedicated to working with you to provide optimal coverage for yourself and your loved ones and will stop at nothing to give you the most comprehensive life insurance policy possible.
Life insurance costs and premiums are based on a number of factors including age, gender, chosen policy, current health, and lifestyle. For example, policyholders who use tobacco will have higher premiums than those who don’t. As a general rule, older individuals will have higher average coverage costs than younger policyholders as life expectancy is factored into the pricing.
Still, the final price will also depend on the type and length of coverage. Whole life insurance will be costlier due to its finite coverage length, often lasting the duration of the policyholder’s life. On the other hand, individuals can save money with term life insurance, as premiums are paid for only a specific amount of time.
We can offer life insurance coverage for as little as $20 USD per month.
Still, the final price will also depend on the type and length of coverage. Whole life insurance will be costlier due to its finite coverage length, often lasting the duration of the policyholder’s life. On the other hand, individuals can save money with term life insurance, as premiums are paid for only a specific amount of time.
We can offer life insurance coverage for as little as $20 USD per month.
Straightforward and low-cost term life insurance, where a specific term is selected from the onset and the benefit is payable if death occurs during the term. This covers death from all causes: accidents, illness or disease.
Terms are usually in 5-year increments between 5-35 years. Payments can made be annually, quarterly or monthly. If you stop paying the premiums, the policy will void with no refund. Premiums are fixed for the duration of the term, based on your age at entry. Rates will not increase with age or inflation.
There are also add-ons for critical illness, disability or double accident benefit (benefit doubles if death is from accident).
Terms are usually in 5-year increments between 5-35 years. Payments can made be annually, quarterly or monthly. If you stop paying the premiums, the policy will void with no refund. Premiums are fixed for the duration of the term, based on your age at entry. Rates will not increase with age or inflation.
There are also add-ons for critical illness, disability or double accident benefit (benefit doubles if death is from accident).
Life insurance in Vietnam provides coverage all across the globe and protects you and your family no matter where you live, work, or study. Individuals can choose from whole, term, universal, or annual life insurance with plans that can be tailored to include a variety of add-ons and extras including critical illnesses, long-term care, disability, income protection, and additional coverage for accidents and unforeseen illnesses.
Life insurance purchased in Vietnam covers death from all causes, including accidents and illnesses. Primary and tertiary beneficiaries can be appointed however the policyholder sees fit, with pricing options and premiums to match any budget.
Life insurance purchased in Vietnam covers death from all causes, including accidents and illnesses. Primary and tertiary beneficiaries can be appointed however the policyholder sees fit, with pricing options and premiums to match any budget.
Still have questions?
For any inquiries relating to our insurances feel free to speak to us during business hours.
Head office address:
103 Pham Viet Chanh
Binh Thanh District
Ho Chi Minh City, 70000, Vietnam
Binh Thanh District
Ho Chi Minh City, 70000, Vietnam
Call for a consultation:
+84 028 3821 5367
Email for information:
Info@ten-pac.com
Leave a legacy with Life Insurance
