Samsung Life Insurance announced on September 16, 2025, the launch of its “Samsung Golden Whole Life Insurance” (non-participating, with guaranteed cost charges). The product combines the traditional whole life insurance death benefits with the flexibility for policyholders to withdraw premiums paid for financial use during the policy term.
The policy’s step-up structure increases the death benefit in line with the premiums paid, helping customers build stronger protection assets. Applicants can select between two options:
Type 1 (Basic): Death benefit increases to 100% of premiums paid.
Type 2 (Plus): Death benefit increases from 110% up to 140% of premiums paid.
The step-up rate and period depend on the chosen premium payment schedule. For Type 1, options include 7-year pay (5-year deferment), 10-year pay (4-year deferment), 15-year pay (2-year deferment), and 20-year pay (no deferment). Benefits increase by 10% of the annual premium each year for 10 years, eventually reaching a protection level equal to 100% of premiums paid.
Importantly, even if policyholders withdraw 100–140% of premiums paid, the original death benefit remains unchanged. After completing premium payments and the deferment period, eligible policyholders can use the withdrawn funds for purposes such as marriage, retirement, or inheritance, while the death benefit continues at 100% of the coverage amount.
The policy is available to individuals aged 15 to 60, with flexible payment periods of 7, 10, 15, or 20 years.
A Samsung Life Insurance official stated, “Golden Whole Life Insurance was developed to provide utility not only at death but also during the policy term. The step-up benefit ensures reliable protection, and the option to withdraw premiums offers financial flexibility for life events.”
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