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Whole Life Insurance

Protect your loved ones financially without having to worry about policy expiration dates.

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4.5/5

Why choose the Thaiger?

Whole life insurance is a long-term policy that protects you for the rest of your life. We understand that choosing the right insurance can be difficult, especially if you’re a foreigner living in Thailand. That’s why we’re here to help simplify everything, so you can get your whole life insurance quick and easy.

What is Whole Life Insurance?

Whole life insurance is a type of permanent insurance that covers you for the duration of your life. It has an investment and saving function that can accumulate cash value in addition to paying a death benefit.

Acquiring whole life insurance is a convenient way to financially cover your loved ones without having to think about policy expiration dates. When you pass away, your whole life insurance will provide a death benefit to your beneficiaries. For high-earners or those with long-term financial commitments, whole life insurance is a safe alternative.

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What Are the Benefits of Whole of Life Insurance?

Whole life insurance is a form of insurance that provides more than just a death benefit. Although life insurance is specifically designed to offer a death benefit to those who rely on you, it may also serve as an integral part of a financial strategy by providing rewards while you are still alive.

Trust Funds

Whole life insurance can be used to set up a fund to benefit children after you pass away.

Taxpaying

Whole life insurance will make sense if you want to help your heirs pay any estate taxes you owe after you die. Since some states have lower estate tax rates, it will make sense for people who live in those states.

Buy-sell agreement

If you own a business with a partner, whole life insurance could be used to finance the acquisition of each other’s interests in the company after you die.

Fixed benefit for Beneficiaries

The death benefit has a fixed amount of money that is guaranteed to go to your beneficiaries or other specified causes when you die.

Retirement Funds

A whole life insurance policy can be used to effectively boost retirement income. If you’ve had the policy long enough to build up its cash value, you’ll be able to use the money in a tax-advantaged.

How To Find the Best Whole Life Insurance Policy

When purchasing whole life insurance, consider what you want the policy to do before deciding the necessary coverage amount. Listed below are some of the things you need to look into before purchasing a premium.

Choose the Right Amount of Coverage

In order to find the right coverage amount, you need to decide what you want the policy to accomplish. For example, a smaller policy may pay for a funeral. However, if you have other priorities, such as funding a trust for your child, then you’ll need to pay more.

Examine Riders

Riders are optional security options that can be added to a life insurance policy for a fee. A chronic disease rider, for example, allows you to access a portion of the death payout if you have a significant illness, and a “disability waiver of premium” rider allows you to miss payments if you become disabled.

Cash Calue

A “cash value” savings account is included in whole life insurance plans. A part of the premium is placed into the account, which usually grows steadily and tax-free. Whole life insurance policies cash values are guaranteed to increase at a specific rate. Certain plans would do even better due to dividends, which are a portion of the insurer’s financial surplus.

Approval Process

Approval processes can be classified into three groups.
– Filling out a comprehensive application and taking a life insurance medical test are standard conditions for completely underwritten life insurance.
– Problem that has been simplified There are some health questions to answer, but no medical test is needed for life insurance.
Guaranteed-issue insurance ensures you won’t have to undergo a medical test or answer any health-related questions.

Compare Prices

Comparing prices can help you find the best premium for your needs and budgets. The best way to do this is to get whole life insurance quotes for the same amount of coverage from various insurers.

Customer Ratings





4.5/5

10 reviews

Customer Reviews

28/12/2020

I was able to conduct research on the thaiger’s articles, as well as learn about the coverages and what they cover in the event of death. Then I found this article and immediately injuired, it was a while before they contacted me back.

Bjorn Mikkelsen


29/12/2020

Very easy to set up, and the customer service is excellent. It doesn’t cost anything or time to inquire with the Thaiger.

Bancha Rumpaisin



10/01/2021

This insurance sound very beneficial. The Thaiger found me a really good plan. 5 Stars.

Pamela Cook



14/01/2021

The team was polite and explain everything clearly. They guide me through the process and did all the confusing work for me, they also helped me make informed decision!

Jones M.



24/01/2021

It’s truly my biggest gift to save and give my family a lump sum bonus as my policy matures. Thanks the Thaiger for the guidance.

Tim Wendel



31/01/2021

I am very confident with this insurance. Many options were given to me to choose from, Kun Lek found me policies based on my needs and also planned for my financial.

Alex Welberg



Major Types of Whole Life Insurance

In general, whole life insurance is divided into two major types: non-participating and participating policies. They are defined by whether or not the cash value receives dividends from the insurer.

Non-participating whole life insurance is the simplest and most affordable type of whole life insurance. It offers a guaranteed cash value, as well as a fixed death benefit and level premiums throughout your life.

It is called “non-participating” as your account doesn’t participate in your insurer’s investment activities. It’s a low-risk policy for you, as the policyholder. However, it also has a smaller potential for growth.

Key Points:

  • Fixed costs, a fixed death benefit, and a guaranteed cash value.
  • Relatively low out-of-pocket premium payments.
  • Don’t pay you any dividends.

Participating whole life insurance guarantees lifetime coverage as long as you pay the policy premiums. The premiums stay the same and won’t go up. Therefore, even as you age or experience a health condition, the costs of maintaining the policy won’t increase.

Participating whole life insurance has a tax-advantaged investment component. It pays your beneficiaries a tax-free payment when you pass away. As long as you pay your premiums, the policy is guaranteed to grow in cash value.

“Participating” means that you can participate in your insurer profits. The insurer assesses its profit with the participating investment fund’s actual expenses and claims each year. Then, these profits are redistributed to you.

Key Points:

  • Lifelong protection with premiums that won’t increase.
  • Your policy may receive a dividend.
  • Guaranteed to grow in cash value.

Whole life insurance is a good fit for everyone who wants predictability over time.

Give the best gift to your family and loved ones by getting yourself whole life insurance. Whole life insurance provides lifetime security when you hit the age of 99, as well as annual cash incentives, non-guaranteed cash dividends when your premium payments are done, and a lump sum payout when your policy matures.

Top tip: Decide how much coverage you need and make sure you can afford the premium payments before purchasing.

Understanding Whole Life Insurance

Whole life insurance guarantees payment of a death benefit to beneficiaries in exchange for reliable, on-time premium payments. The policy offers a savings provision known as “cash value” in addition to the death benefit. In the savings part, interest will accumulate tax-deferred. The cash value of whole life insurance increases over time.

The cash value gives a living income to the policyholder. In essence, it is a source of money. To gain access to cash reserves, the policyholder must request a withdrawal or a loan. Interest is charged on loans at varying rates depending on the insurer. Furthermore, up to the number of premiums charged, the owner is entitled to withdraw funds tax-free. Unpaid debts decrease the death benefit by the amount owed to the estate. The cash value is decreased by withdrawals, but the death benefit is not affected.

Many insurance firms provide riders that cover the death benefit in the event that the insured is injured, becomes critically ill, or dies. Riders receive an accidental death advantage and a waiver to premium riders.

Join the many satisfied customers who’ve got their Whole Life Insurance with the Thaiger

Other Related Products

Besides whole life insurance, there are many other types of life insurance. Below are some life insurance types worth considering.

Life Insurance With Pre-Existing Medical Conditions

This is a special kind of life insurance that mostly cover medical expenses for people with pre-existing medical conditions such as cancer, heart attack, HIV or AIDS and kidney disease.

Read More

Group Life Insurance

Group life insurance is a form of life insurance that protects a whole group of people with a single contract. The policy typically includes the workers or members of the company, and the policy owner is usually an employer or an agency such as a labour union.

Read More

Over 50s Life Insurance

This is a special type of life insurance for anyone aged 50 years old or older. It covers new expenses that your family may encounter if you pass away.

Read More

Term Life Insurance

Term life insurance is a life insurance policy with a specific coverage duration and a short contract term that is proposed to retain business stability or loan burden for a set period of time. It can also be left as an inheritance to those left behind in the event of an untimely death.

Read More

Variants of Whole Life Insurance

Within non-participating and participating whole life insurance, there are several variants of whole life policies. Each of which is designed to cater to your specific needs. Below are the variants of whole life policies:


Level Premium Whole Life

This is one of the most common variants of whole life insurance. The premiums of level premium whole life insurance are calculated based on your life’s duration (up to age 95 to 100). You need to pay an equal premium amount each month, for the rest of your life. This variant of whole life insurance gives you the stability in knowing precisely how much money you need to pay each month. In addition, the premiums are fixed, meaning they will never increase.

Single-Premium Whole Life

Single-premium whole life insurance requires you to pay the full amount of the premium upfront. It is usually used as an investment, since you need to have a large amount of cash in hand to make the payment. This variant of whole life insurance offers a substantial cash value, which can be borrowed against.

Limited Payment Whole Life

If you don’t want to have a monthly premium payment for the rest of your life, limited payment whole life insurance is a good option. With this type of insurance, you can choose to pay the entire premium in a certain period of time, such as 10 or 20 years, instead of all of your life.

Whole Life Economic

This is a type of participating whole life insurance in which the plan’s dividends are automatically used to buy additional term life insurance. With this plan, you can receive additional death benefit over time.

Life Insurance with Pre-Existing Medical Conditions

Wondering if you can get life insurance with a pre-existing condition? The answer is, yes, you can!

While living with a chronic health condition often means you have to adjust to a new normal, it doesn’t mean that you don’t qualify for life insurance. Our life insurance with pre-existing medical conditions is specifically designed for those who already have any health issue before applying for insurance coverage, whether it is heart disease, cancer, or autism.

Enquire now to learn more about your options and how to get covered.

Frequently Asked Questions About Whole Life Insurance

If you’ve already maxed out your savings plans and have a well-diversified portfolio, whole life insurance can be a worthwhile investment if you want lifetime coverage.

In most cases, you can only take a small portion of your life insurance policy’s earnings. A cash-value withdrawal is usually tax-free up to your insurance basis, or the number of premiums you’ve paid into the policy.

Whole life insurance is a tax-deferred asset with a growing cash value. A properly structured whole life policy provides guaranteed cash value growth, and if you use policy loans, you can never be taxed on the growth of your cash value.

The claim should be filed by the minor’s parent, mother, or any other guardian appointed by the court.

Term life insurance is advantageous for paying off specific debts over a specific time span. If you need life insurance for 20 years when paying off a mortgage, for example, term life insurance is a good bet. Many life insurers offer 30-year term life insurance, which you can buy in your 50s.

The cost of a whole life insurance policy is determined by a variety of factors, including the amount of coverage purchased and other factors. When it comes to paying your premiums, a whole life insurance policy usually requires you to make a single annual payment. Some life insurance firms can also allow you to pay your premiums on a monthly, quarterly, or twice-yearly basis.

A whole life insurance policy may be suitable for someone who values continuity over time. This is due to the fact that entire life insurance has a guaranteed death payout and fixed premiums. If you’re thinking of buying a whole life insurance policy, it’s a good idea to speak with a local representative first. They will assist you in weighing your choices before making a decision.

Whole life insurance is best for those who need it for particular purposes. Whole life insurance, for example, will help you manage your estate if you have a high income and regularly max out your other tax-deferred savings accounts. A whole life policy also provides financial assistance for a lifelong dependent that would need treatment after you pass away if you are no longer able to afford it.

This policy requires you to pay premiums over a fixed period of time, such as 20 years or until age 65, but it protects you for the rest of your life. As a result, insurance payments would be higher than if they were paid over the course of your life.

A whole life insurance policy’s cash value rises over the course of the policy’s life. This means that if you cancel due to the policy’s growth rate, you can obtain a payout. You may use the cash benefits function of a whole life insurance policy in a few different ways.

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