Investment Linked Plan

FWD Invest First Plus: Simplifying Your Investment Journey

Are you looking for a way to invest that's straightforward, flexible, and designed to maximize your returns? FWD Invest First Plus might be the solution you've been searching for. This regular premium investment-linked policy offers a unique approach to growing your wealth, with features that set it apart from traditional investment products. Let's dive into what makes FWD Invest First Plus special and how it could help you achieve your financial goals.

Investment Growth Calculator

Visualize your investment's potential

  • Precise growth projections
  • Set realistic financial goals
  • Assess risks and rewards

What is FWD Invest First Plus?

FWD Invest First Plus is an investment-linked insurance plan that aims to make investing simpler and more rewarding. It's designed for individuals who want to grow their wealth over time while maintaining flexibility and transparency in their investments. Whether you're planning for your child's education, your retirement, or simply want to build your wealth, this plan offers a range of features to support your financial journey.

Key Features That Make FWD Invest First Plus Stand Out

Accelerate Your Investment with Bonus Units

Kickstart your investment with a Booster Bonus of up to 34% p.a. on your initial 5 years of regular premium contributions. Enjoy annual Loyalty Bonuses of up to 0.7% p.a., 1.0% p.a., and 1.2% p.a. of the accumulation units account from the 6th, 11th, and 21st policy year respectively.

Fixed Total Charges to Optimize Policy Value

Unlike traditional plans where charges increase as your policy value grows, FWD Invest First Plus caps your yearly charges . This unique approach means your investment has more room to grow without being hindered by increasing fees.

High Flexibility to Control Your Finances

Take a break from paying premiums from the 25th month, with the option to repay later. Make penalty-free withdrawals from the 25th month of the policy. Enjoy unlimited free fund switches to adjust your investment strategy. Select from SGD or USD as your policy currency, with the option to change from the 6th policy year. Grow your policy value with single premium top-ups whenever you want.

Curated Funds with Dividend Cash-out Option

Choose from over 50 funds managed by globally established fund managers . Option to reinvest dividends for growth or withdraw as a source of passive income.

Complimentary Auto-rebalancing Service

Maintain your desired investment allocation without constant monitoring. Automatically adjusts your portfolio to align with your risk preference.

Real premiums suggested for FWD InvestFirst

32, Female making $5,100 a month

Coverage:
Premium:
Not provided
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28, Male making $5,000 a month

Coverage:
Premium:
Not provided
Read More
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How FWD Invest First Plus Works

Let's look at an example to understand how this plan can help you achieve your financial goals:

Ken, age 40, wants to plan for his retirement. He needs S$7,000 per month to maintain his lifestyle at age 65, but his personal savings will only provide S$2,000 per month. Here's how FWD Invest First Plus can help bridge the S$5,000 monthly gap:

  • Ken contributes S$1,000 per month for 25 years.
  • At age 65 (Year 25), Ken has two options:

Option A: End the policy with a surrender value of S$726,765 (based on 8% p.a. projected returns).

Option B: Withdraw S$5,000 monthly for 20 years, with a remaining surrender value of S$348,063 at age 85.

This example illustrates how FWD Invest First Plus can potentially provide significant returns to support your retirement needs.

Eligibility and Premium Payment Options

Age Requirements

Minimum entry age: 30 days old for the person insured, 18 years old for the policy owner. Maximum entry age: 45-60 years old for the person insured (depending on premium payment terms), 70 years old for the policy owner.

Premium Payment Terms

15-30 years

Minimum Regular Premiums

Monthly: SGD 300-500 / USD 230-375 (depending on premium payment term). Annually: SGD 3,600-6,000 / USD 2,760-4,500 (depending on premium payment term).

Charges and Fees

FWD Invest First Plus aims for transparency in its fee structure. Key charges include:

  1. Initial account charge: Varies based on premium payment term (1.0% - 1.8% p.a.)
  1. Policy charge: 1.2% p.a. of annualized committed regular premium
  1. Premium charge for top-ups: 5%
  1. Fund management fee: Varies by fund, already accounted for in unit price

It's important to note that while some charges increase over time, the total amount charged is fixed through the premium payment term or policy term.

Pros and Cons

Pros

  • Transparent and fixed total charges

  • Bonus units to accelerate investment growth

  • High flexibility in premium payments and withdrawals

  • Wide range of curated funds to choose from

  • Complimentary auto-rebalancing service

Cons

  • Charges continue even if premiums are not paid during the premium payment term

  • Surrender charges apply if the policy is terminated before the end of the premium payment term

  • Investment returns are not guaranteed and depend on fund performance

Is FWD Invest First Plus Right for You?

This plan might be suitable if you:

  • Want a long-term investment solution with insurance coverage
  • Appreciate transparency in fees and charges
  • Desire flexibility in managing your investments and premiums
  • Are comfortable with market-linked returns

However, it's important to consider your financial situation, risk tolerance, and long-term goals before committing to any investment plan.

Conclusion

FWD Invest First Plus offers a unique approach to investment-linked policies with its fixed total charges, bonus units, and high flexibility. While it presents attractive features for long-term wealth accumulation, it's crucial to thoroughly understand the product and consider how it fits into your overall financial plan.

Ready to explore your investment options further? Don't rely on just one perspective. Get expert insights tailored to your unique financial situation. Sign up now to receive 5 expert opinions on investment-linked policies. These professionals will review your specific needs and provide personalized recommendations, helping you make the most informed decision possible.

By consulting with multiple experts, you'll gain a comprehensive understanding of your options and ensure you're choosing the best investment strategy for your future. Don't leave your financial growth to chance – get the expert advice you deserve today.

Click here to get 5 expert opinions on investment-linked policies

Why people were suggested FWD InvestFirst

Retna
Retna, 32
GenderFemale
Monthly Income$5,100
Insurance Types Suggested
  • Investment Linked Plan
  • Hospital
  • Critical Illness
Why Investment under a plan - Funds in investment ILP was suggested:
An investment-linked plan (ILP) with funds is suggested as an alternative investment option. ILPs offer access to accredited investor funds with potentially higher projected returns of 10-15% per annum. However, they may have lock-in periods and require a higher minimum monthly contribution of $300. Bonuses like initial, welcome, or loyalty bonuses can enhance the investment growth.
GG
GG, 28
GenderMale
Monthly Income$5,000
Insurance Types Suggested
  • Hospital
  • Personal Accident
  • Critical Illness
  • Disability
  • Term Life
  • Whole Life
  • Investment Linked Plan
  • Endowment
Why FWD Invest First Plus was suggested:
This investment-linked plan is recommended for its cost-effective structure, where charges are capped only on the capital invested, resulting in potential cost savings over time. However, as the prospect's risk appetite and investment goals are unknown, this recommendation is not personal financial advice and should be considered along with a comprehensive assessment of the prospect's financial situation.
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