i
The policy predates the property
Bought at 28 or 30, when a few hundred thousand was a serious sum assured. The condominium came later, and the policy was never revisited against it.
For private property owners
You know your
mortgage balance.
Do you know your
protection gap?
If something happened to you, would your existing insurance be enough to clear your outstanding home loan — or would part of the mortgage still fall on your family?
No obligation. Just clarity on what you have, what you may be short of, and whether anything needs to be done.
Jiajia · Licensed Adviser Representative, Promiseland Financial Advisory
Independent advice across 12 licensed insurers
- AIA
- Manulife
- Tokio Marine
- Income
- Singlife
- FWD
- Transamerica
- HSBC Life
01 The question
The question isn't whether
you have insurance.
Most private property owners do. A policy taken out in their twenties, another added when the first child arrived, perhaps something arranged alongside the loan. It is easy to file the whole subject mentally under handled.
The question is whether it is enough for the mortgage you have today. Your outstanding balance is a precise, dated, knowable figure — you could look it up in a minute. The cover standing behind it was usually set against a very different number, and almost nobody has put the two side by side since.
02 Why the two drift apart
Four reasons cover stops matching the loan
ii
You upgraded
The cover was sized for the first home. The loan on the second is frequently double it, and the gap widens on the day the keys change hands.
iii
You refinanced or stretched the tenure
A lower monthly repayment is a longer runway of debt. The balance falls more slowly than most owners picture it falling.
iv
Both names are on the loan
Joint borrowers often assume each is responsible for half. The bank does not see it that way — the survivor carries the full repayment on one income.
03 Your number
Take a quick check using your actual numbers
Two figures you already know. Nothing is sent anywhere — this runs entirely in your browser.
What your family would still owe
$1,500,000
Outstanding mortgage
$1,800,000
Insurance in force
$300,000
Protection gap
$1,500,000
Indicative only. A full review accounts for tenure, co-borrowers, CPF usage, dependants, any mortgage reducing term assurance and existing riders.
04 The cost of waiting
You are not buying cover.
You are locking in your current health.
At 38 you are, most likely, a straightforward case. At 46, after one flagged reading at a routine health screening, you may be looking at premium loading, an exclusion, or a decline — on cover you could have secured at standard rates a few years earlier.
This is why the structure of the policy matters more than the headline rate. The options below are what keep a decision made today from being re-litigated by an underwriter later.
05 The offer
What the 15-minute review actually is
Fifteen minutes on a call — or a written summary if you'd rather not talk.
-
1
What your existing policies actually pay
Read against your real policy schedules, not what you remember buying and when.
-
2
Your mortgage protection gap, as one number
Adjusted for co-borrowers, tenure, CPF usage and any mortgage reducing term assurance.
-
3
What closing it costs at your age today
Quoted across the insurers we're licensed to compare. Real figures, not a marketing rate.
No obligation to buy. If your existing cover is adequate, Jiajia will tell you that — and the review ends there.
06 Case notes
Two reviews, anonymised
Regional Director, technology & teacher
- Mortgage outstanding
- $2,100,000
- Personal & family cover
- $300,000 each
- Dedicated mortgage cover
- None
- Mortgage cover arranged
- $2,100,000 each
Each had taken $300,000 of personal cover a few years earlier — bought for family needs, not for the loan — and both assumed a jointly held mortgage meant each of them only had to protect half of it. It doesn't work that way: the outstanding balance does not halve when one borrower dies, so whichever of them survived would have faced the full $2.1M. They took $2.1M of dedicated mortgage cover on each life, which leaves the original $300,000 each where it was meant to be — on living expenses, rather than on the home loan.
Auditor, sole breadwinner
- Mortgage outstanding
- $4,000,000
- Mortgage runs to
- Age 65
- Cover arranged
- $4,000,000 to age 85
- Intended legacy per son
- Approx. $2,000,000
As the only earner in the household, his first concern was that the $4M loan never landed on his family. Rather than ending the cover with the mortgage at 65, he holds the same $4M through to 85: during the mortgage years it stands against the family's largest liability, and once the loan is repaid its purpose shifts to legacy — roughly $2M intended for each of his two sons.
07 Who you'll be speaking with
Jiajia
Licensed Adviser Representative · Promiseland Financial Advisory Pte Ltd
Jiajia is a Senior Financial Adviser with 15 years of experience, specialising in mortgage and protection planning, universal life and legacy planning, and retirement planning.
She helps homeowners review whether their existing protection is still aligned with their mortgage and family commitments, particularly after buying or upgrading a property.
Areas of specialisation
- Mortgage Protection
- Term & CI Protection
- Universal Life & Legacy Planning
- Retirement Planning
- MAS Rep. No.
- ZJX300063870
- Years in practice
- 15
- Insurers compared
- 12
08 What it costs
Priced for your age, not for a headline
Two worked illustrations, each with the profile it is priced on. Yours will differ — which is the point of quoting you rather than quoting a headline.
Male, age 35
$1,000,000 Death & TPD cover to age 65
$655 a year
Approximately $55 a month, at a fixed premium, for a male aged 35 taking $1,000,000 of Death & TPD cover to age 65.
Female, age 40
$1,500,000 Death & TPD cover to age 65
$1,200 a year
Approximately $100 a month, at a fixed premium, for a female aged 40 taking $1,500,000 of Death & TPD cover to age 65.
These are examples, not quotations. The premiums shown are based on the stated profiles and coverage. Actual premiums and eligibility will depend on individual circumstances, including age, health, smoking status, coverage amount and coverage term.
35% lifetime premium discount applies for the full duration of the policy, not an introductory period. Terms and conditions apply.
Critical illness and cancer riders can be added; indicative costs are provided in your review rather than advertised here, because they move sharply with age.
09 Reasonable objections
Before you fill anything in
I already have a policy from years ago.
Most people do — usually bought before the property, often for a sum assured that made sense against a very different balance sheet. The review compares what you hold against what you now owe. If it still covers you, that's the answer and we're done.
Doesn't the bank's mortgage insurance handle this?
Sometimes, partly. Mortgage reducing term assurance pays down a balance that shrinks over the tenure, it is often taken for one borrower rather than both, and plenty of owners declined it at signing and don't recall doing so. The review establishes what you actually hold before it works out whether anything is missing.
Is this just a sales call?
It's a call that may end in a recommendation. Jiajia is a licensed representative and is remunerated by the insurer if you proceed — that's disclosed up front, as MAS requires. What you're owed regardless is an accurate number, and you get that whether or not you buy anything.
I'm healthy. This can wait.
Being healthy is exactly what makes now the cheapest time to review it. Underwriting prices the health you have on the day you apply and locks it in; waiting only risks paying more for the same cover, or being offered less of it.
What happens to my data?
It's used to prepare your review and to contact you about it. Nothing is sold or passed to third parties beyond the insurers required to produce a quotation, and you can ask for it to be deleted at any time.
Get your 15-Minute Mortgage Protection Review
Six short fields. Jiajia replies personally, usually within one working day.