Endowment

AIA Smart Wealth Builder Series: Flexible Savings for Your Evolving Life Goals

In today's fast-paced world, our life goals are constantly evolving. Whether it's supporting your child's education, planning for a comfortable retirement, or leaving a legacy for your loved ones, having a flexible financial plan is crucial . The AIA Smart Wealth Builder Series, comprising AIA Smart Wealth Builder and AIA Smart Wealth Builder (II), offers a versatile solution to help you save for your changing life goals while building long-term wealth.

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What is the AIA Smart Wealth Builder Series?

The AIA Smart Wealth Builder Series is a savings plan designed to help you accumulate wealth over the long term while providing the flexibility to access your funds when needed. It's not just a savings account; it's a comprehensive financial tool that combines savings, potential returns, and life protection in one package.

Key Features That Make AIA Smart Wealth Builder Series Stand Out

Long-term Wealth Accumulation

Earn guaranteed cash value and non-guaranteed bonuses up to age 125 . Potential for higher returns over time.

Capital Guarantee

100% capital guaranteed from as early as the end of the 13th or 15th policy year, depending on the plan and currency chosen.

Flexible Premium Payment Options

Choose from single premium, 5, 10, 15, or 20 years payment terms. Tailor the plan to your financial situation.

Currency Options

Save in either Singapore Dollars (SGD) or US Dollars (USD).

Withdrawal Flexibility

Option to let your wealth accumulate or make withdrawals to fund key goals.

Life Protection

Coverage against death, total and permanent disability, and terminal illness.

Real premiums suggested for AIA Smart Wealth Builder Series

35, Female making $3,570 a month

Coverage:
projected returns at age 55
$53,186
Premium:
Get your own quotes →

How Does AIA Smart Wealth Builder Series Work?

Savings Component

You pay premiums for your chosen term (single premium, 5, 10, 15, or 20 years). Your money grows through guaranteed cash value and non-guaranteed bonuses .

Capital Guarantee

AIA Smart Wealth Builder (USD): 100% capital guaranteed from the end of the 13th policy year. AIA Smart Wealth Builder (II) (SGD): 100% capital guaranteed from as early as the end of the 15th policy year.

Flexibility

You can choose to let your wealth accumulate or make withdrawals when needed. Option to change the insured person (e.g., from parent to child).

Protection

Life coverage up to age 125. Total and permanent disability coverage up to age 70.

Real-Life Scenario: Meet Mr. Chew

Let's look at how the AIA Smart Wealth Builder (II) plan works through an example:

Mr. Chew, age 30, purchases AIA Smart Wealth Builder (II) with a yearly premium of S$6,000 for 5 years. He also appoints his newborn son, Jason, as the secondary insured.

Policy Milestones:

  • Year 0: Mr. Chew starts the policy
  • Year 5: Premium payments end (Total paid: S$30,000)
  • Year 20: Jason is 21 and starting university. Total Cash Value: S$53,340 (1.7x total premiums paid)
  • Year 35: Mr. Chew retires. Total Cash Value: S$96,833 (3.2x total premiums paid)
  • Year 50: Mr. Chew assigns the policy to Jason. Total Cash Value: S$168,409 (5.6x total premiums paid)
  • Year 65: Jason decides to surrender the policy. Total Cash Value: S$292,381 (9.7x total premiums paid)

This example illustrates how the plan can adapt to different life stages and potentially grow your wealth significantly over time .

Customization Options

Premium Payment Term

Single Premium: Pay once and you're done. 5, 10, 15, or 20 years: Spread your payments over time.

Currency

AIA Smart Wealth Builder: Available in USD. AIA Smart Wealth Builder (II): Available in SGD.

Withdrawal Options

Accumulate: Let your wealth grow over time. Withdraw: Access funds for major life events (e.g., education, retirement).

Secondary Insured

Appoint a spouse or child (below age 16) to ensure policy continuity.

Pros and Cons

Pros

  • Long-term wealth accumulation potential

  • Capital guarantee feature

  • Flexible premium payment options

  • Withdrawal flexibility to meet changing needs

  • Life protection included

  • No medical questions asked

Cons

  • Early termination may result in losses

  • Returns are not guaranteed and depend on fund performance

  • Total and permanent disability coverage ends at age 70

Frequently Asked Questions

How is this different from a regular savings account?

AIA Smart Wealth Builder Series offers potential for higher returns, life protection, and long-term wealth accumulation , unlike a typical savings account.

Can I change the premium payment term later?

The premium payment term is fixed once chosen. It's important to select a term that suits your long-term financial plan.

What happens if I need to withdraw money before the capital guarantee kicks in?

You can make withdrawals, but it may affect the long-term value of your plan and the capital guarantee.

Is the bonus guaranteed?

No, the bonus is not guaranteed and depends on the performance of the participating fund.

Can I buy this plan for my child?

Yes, you can purchase this plan for your child and name yourself as the secondary insured.

Important Considerations

  • This is a long-term commitment. Early termination may result in significant losses .
  • Returns are not guaranteed and depend on fund performance.
  • Currency conversion (for USD plans) is subject to exchange rate fluctuations.
  • Always read the product summary and policy contract for detailed terms and conditions.

Conclusion

The AIA Smart Wealth Builder Series offers a flexible and potentially rewarding way to save for your changing life goals while building long-term wealth . Its combination of potential returns, capital guarantee, and life protection makes it an attractive option for those looking to secure their financial future.

However, as with any financial decision, it's crucial to consider your personal circumstances, risk tolerance, and long-term objectives. While the plan offers many benefits, it's also a significant commitment that requires careful consideration.

Ready to explore how AIA Smart Wealth Builder Series can fit into your financial plan? Don't rely on just one perspective . Get expert insights tailored to your unique situation. Sign up now to receive 5 expert opinions on how this savings plan could work for you. These professionals will review your specific financial goals and provide personalized recommendations, helping you make the most informed decision possible.

By consulting with multiple experts, you'll gain a comprehensive understanding of how this plan could fit into your overall financial strategy. Don't leave your financial future to chance – get the expert advice you deserve today.

Click here to get 5 expert opinions on AIA Smart Wealth Builder Series

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