Term life insurance - Competitive annual premium?

[simon43]

I have been looking into term life insurance products, (where a sum is paid to the next of kin/named beneficiary etc, if I should die or become critically ill within the term period of the insurance. Term insurance doesn't pay back any of my premiums if I don't die within that term.

Aviva in Singapore offer such a policy that would cost me about $1,100 USD per year for $100,000 USD of life cover. (So an annual premium payment that is 1.1% of the sum insured). That policy has a minimum term of 10 years, and I can renew after 10 years if my health status has not degraded. I can also take out longer term policies, even up to age 100...

My question to those more knowledgeable about term life insurance is:

Does this Aviva policy and annual premium sound reasonable for a life term insurance policy for a 59 year old expat in good health? If one buys into the benefit of term life insurance (and I do for a modest sum), then it seems to be a good policy when compared to those that I have read about that are offered by Thai insurance companies.

Aviva confirm that I am eligible to take out this policy, so long as I sign the paperwork in Singapore. I live in Myanmar, but have a planned visit to Singapore later this year.