In today's uncertain world, securing your family's future and leaving a lasting legacy are top priorities for many. If you're looking for a way to provide lifelong protection and create wealth for your loved ones with a single premium payment, Great Eastern's Prestige Life Gold might be the solution you've been searching for. Let's dive deep into this unique life insurance product and explore how it can help you achieve your financial goals.
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Prestige Life Gold is a single premium whole life insurance plan offered by Great Eastern, one of Singapore's leading life insurance companies. This plan is designed to provide lifetime coverage and create an instant estate for your beneficiaries , all with just one lump sum payment. It's an ideal choice for those looking to enhance their retirement lifestyle while simultaneously securing their family's financial future.
Protection that lasts your entire life, ensuring your loved ones are always financially secure
One-time payment for lifelong coverage, simplifying your financial planning
Up to 3 times the basic Sum Assured, providing substantial protection for your beneficiaries
Up to 6 times the Sum Assured if death occurs due to an accident before age 76
Additional protection against critical life events
Instantly create a sizable estate for your loved ones
Options to enhance either your retirement fund or your estate, based on your priorities
Guaranteed Minimum Death Benefit: Up to 3 times the basic Sum Assured . This amount increases over time due to bonuses added to your policy.
Additional payout equal to the Minimum Death Benefit. Applicable if accidental death occurs before the policy anniversary preceding your 76th birthday.
Presumptive TPD covered for the entire policy term. Other forms of TPD covered until the policy anniversary when you turn 65.
Provides financial support if you're diagnosed with a terminal illness.
To better understand the benefits of Prestige Life Gold, let's look at two hypothetical scenarios:
Meet Jonathan Tan:
Jonathan's Prestige Life Gold Plan:
Benefits for Jonathan:
Meet Edwin Loh:
Edwin has two options with Prestige Life Gold:
Option 1: More for Retirement
Option 2: More for Estate
In both scenarios, Edwin significantly improves his financial position, either by boosting his retirement fund or leaving a larger legacy for his beneficiaries.
Lifetime coverage with a single premium payment
High guaranteed minimum death benefit
Additional accidental death benefit
Covers terminal illness and total and permanent disability
Potential for significant estate creation
Flexibility in balancing retirement and estate planning
Requires a substantial upfront payment
May tie up a large portion of liquid assets
Less flexibility compared to regular premium policies
Non-guaranteed benefits depend on fund performance
This plan might be ideal for you if:
Yes, Prestige Life Gold requires only a single premium payment for lifetime coverage.
Yes, but early termination usually involves high costs, and the surrender value may be less than the premium paid.
The Minimum Death Benefit is guaranteed, but some benefits are non-guaranteed and depend on fund performance.
Contact a Great Eastern representative for specific age limits and eligibility criteria.
Yes, it's protected under the scheme administered by the Singapore Deposit Insurance Corporation (SDIC).
Great Eastern's Prestige Life Gold offers a unique combination of lifetime protection, estate creation, and retirement planning flexibility . With its single premium structure and high guaranteed benefits, it can be an excellent tool for those looking to secure their family's future and leave a lasting legacy. However, as with any significant financial decision, it's crucial to carefully consider your personal circumstances and consult with a financial advisor before committing to this plan.
Remember, the best insurance policy is one that aligns with your specific needs and financial goals. While Prestige Life Gold offers impressive benefits, it's essential to ensure it fits within your overall financial strategy.
Ready to explore your options further? Don't rely on just one perspective. Get expert insights tailored to your unique needs. Sign up now to receive 5 expert opinions on life insurance and estate planning . These professionals will review your specific situation 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 coverage for your future and your loved ones. Don't leave your legacy to chance – get the expert advice you deserve today.
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