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Summary
Life Insurance
If you have family or other people who rely on your income, or if you have any significant financial liabilities, life insurance can protect these beneficiaries from further financial hardship in the event of your untimely passing.
If you want to protect your business from the financial consequences of losing a key contributor, check out our Key Man Insurance offerings.
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
Local or International Providers
Portable Around the World
Choose Benefit Amount and Currency
Term Life or Whole Life
Free Health Checkups
Add-Ons Available
Life Insurance
You Should Consider Life Insurance if You ...
Types of Life Insurance
Term Life
Whole Life
Universal 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.Â
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.Â
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.Â
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.Â
Universal life insurance is a type of permanent life insurance that, like other permanent insurance, has a cash value element and offers lifetime coverage as long as you pay your premiums. Unlike whole life insurance, universal life allows you to raise or lower your premiums within certain limits, and it can be cheaper than whole life coverage.
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
Our Consultation Process
As part of a broader 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.Â
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.
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.
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 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 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 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
