Same Company
Great Eastern
GE Prestige Life Gold
We analysed GE Prestige Life Gold docs so you don't have to. Key find: Up to 6x Sum Assured for accidental death. Secure your parents' future. Full review reveals more gems.
Read Review
Whole Life
Get your own quotes →
GREAT Flexi Protect Series 3: Comprehensive Life Protection with Flexible Coverage Options
In today's uncertain world, securing your family's future is more important than ever. Did you know that 1 in 5 Singaporeans will be diagnosed with cancer before reaching 75 years old? Or that cardiovascular diseases account for 30% of all deaths in Singapore? These sobering statistics highlight the importance of comprehensive life protection. If you're looking for a flexible and robust insurance plan that grows with your needs, the GREAT Flexi Protect Series 3 might be the solution you've been searching for.
Insurance Calculator
Find the right coverage in minutes
Discover Your Ideal Coverage
Use our advanced calculator to get personalized insurance recommendations
- Accurate Estimates
Get precise coverage recommendations based on your needs
- Save Time
Receive instant results without lengthy consultations
- Personalized Analysis
Get tailored recommendations based on your unique situation
What is GREAT Flexi Protect Series 3?
GREAT Flexi Protect Series 3 is a comprehensive whole life participating insurance plan designed to offer you and your family enhanced protection with flexible choices on multiplied coverage . It's not just a single plan, but a series of options that allow you to tailor your protection according to your specific needs and budget.
Key Features That Set GREAT Flexi Protect Series 3 Apart
Flexible Base Plan Options
Choose between two comprehensive whole life participating plans. Customize your coverage based on your specific needs.
Optional Multiplier Riders
Boost your coverage by 200%, 300%, or even more . No limit to the multiplier factor.
Increasing Protection Value Over Time
Non-guaranteed bonuses accumulate with each policy year. Your protection value grows as you age.
Comprehensive Protection with Additional Benefits
Special benefits for specific medical conditions. Coverage for your children under the Juvenile Benefit.
Lifetime Coverage with Flexible Premium Terms
Choose to pay premiums for 20 years or until age 65. Enjoy lifelong protection even after premium payments end.
Real premiums suggested for GREAT Flexi Protect Series 3
28, Male making $5,000 a month
Coverage:
pre 70:
death
$300,000
critical illness
$300,000
early critical illness
$180,000
post 70:
death
$120,000
critical illness
$120,000
early critical illness
$0
Premium:
$3,274.05
Read More30, Female making $3,008.333 a month
Coverage:
base
$50,000
rider
$150,000
total
$200,000
Premium:
Not provided
Read More30, Male making $5,000 a month
Coverage:
pre 65:
ci
$300,000
eci
$180,000
death
$300,000
post 65:
ci
$56,000
eci
$0
death
$56,000
Premium:
$2,303.85
Read More22, Female making $2,300 a month
Coverage:
pre 65:
ci
$200,000
eci
$150,000
death
$200,000
post 65:
ci
$105,000
eci
$0
death
$105,000
Premium:
$1,965.25
Read More36, Male making $2,000 a month
Coverage:
TPD
$200,000
death
$200,000
critical illness:
early to late
$200,000
num illnesses covered
$53
terminal illness
$200,000
Premium:
$2,978.95
Read More| Age | What suggestion covers | Premium |
|---|---|---|
| 28, Male making $5,000 a month | pre 70: death $300,000 critical illness $300,000 early critical illness $180,000 post 70: death $120,000 critical illness $120,000 early critical illness $0 | $3,274.05 |
| 30, Female making $3,008.333 a month | base $50,000 rider $150,000 total $200,000 | Not provided |
| 30, Male making $5,000 a month | pre 65: ci $300,000 eci $180,000 death $300,000 post 65: ci $56,000 eci $0 death $56,000 | $2,303.85 |
| 22, Female making $2,300 a month | pre 65: ci $200,000 eci $150,000 death $200,000 post 65: ci $105,000 eci $0 death $105,000 | $1,965.25 |
| 36, Male making $2,000 a month | TPD $200,000 death $200,000 critical illness: early to late $200,000 num illnesses covered $53 terminal illness $200,000 | $2,978.95 |
What Does GREAT Flexi Protect Series 3 Cover?
Base Plans
GREAT Flexi Living Protect 2: Covers Death, Total & Permanent Disability (TPD), Accidental TPD (ATPD), Terminal Illness (TI), and Critical Stage of Critical Illness (CI) with Additional Benefit. br>b>GREAT Complete Flexi Living Protect 2: Covers all the above, plus Early and Intermediate Stages of CI with Additional Benefit.
Optional Multiplier Riders
Living Multiplier Rider: Covers Death, TPD, TI, and Critical Stage of CI with Additional Benefit. br>b>Complete Living Multiplier Rider: Covers all the above, plus Early and Intermediate Stages of CI with Additional Benefit.
Additional Benefits
Special Benefit: Covers specific medical conditionsbr>Senior Benefit: Additional coverage for age-related conditionsbr>Benign Tumour Benefit: Coverage for non-cancerous tumoursbr>Juvenile Benefit: Protects your children up to age 18
How Does the Multiplier Coverage Work?
The unique feature of GREAT Flexi Protect Series 3 is its multiplier option. Here's how it works:
- Choose your base plan coverage amount
- Add a multiplier rider to increase your coverage by 200%, 300%, or more
- There's no limit to the multiplier factor, allowing you to customize your protection level
For example, if you choose a base plan coverage of $100,000 and add a 300% multiplier, your total coverage would be $400,000.
Real-Life Scenario: How GREAT Flexi Protect Series 3 Works
Meet James, a 30-year-old non-smoker, married with a child.
James chooses:
- GREAT Complete Flexi Living Protect 2 with $50,000 lifetime coverage
- Complete Living Multiplier Rider: $350,000
- Living Multiplier Rider: $50,000
Total Initial Combined Coverage: $450,000
Monthly Premium: $386
Payment Term: 20 years
Here's how James benefits from his policy over time:
Age 30: James undergoes Angioplasty
- Receives $25,000 payout as Additional Benefit
Age 45: Diagnosed with Early Stage Kidney Failure
- Receives $350,000 payout from Complete Living Multiplier Rider
Age 50: Diagnosed with Early Stage Lung Disease
Age 55: Receives a total payout of $73,969
- $50,000 from base plan
- $23,969 in non-guaranteed bonuses
Age 70: Coverage continues for life
This example illustrates how the plan provides comprehensive protection throughout different life stages, with increasing benefits over time.
Pros and Cons of GREAT Flexi Protect Series 3
Pros
Flexible coverage options to suit different needs and budgets
Multiplier riders allow for significantly increased coverage
Comprehensive protection including early and intermediate stages of critical illnesses
Additional benefits for specific medical conditions and age groups
Increasing protection value over time through non-guaranteed bonuses
Lifetime coverage with limited premium payment terms
Cons
Premium rates are not guaranteed and may increase over time
Non-guaranteed bonuses depend on the performance of the participating fund
Early termination of the policy may result in high costs and low surrender value
Frequently Asked Questions
Can I change my coverage amount after purchasing the policy?
You should check with Great Eastern about options for adjusting your coverage after purchase.
What happens if I can't pay my premiums?
The policy may lapse if premiums are not paid. It's important to choose a premium term that fits your financial situation.
Are the bonuses guaranteed?
No, the bonuses are not guaranteed and depend on the performance of the participating fund.
Can I add riders to my policy later?
This depends on the specific terms of the policy. Consult with your Great Eastern representative for details.
What's not covered by this plan?
Like all insurance policies, there are exclusions. Be sure to read the policy contract carefully for full details.
Conclusion
GREAT Flexi Protect Series 3 offers a unique combination of comprehensive coverage and flexibility , allowing you to tailor your protection to your specific needs and life stage. With its multiplier options, additional benefits, and increasing protection value over time, it provides a robust safety net for you and your family.
However, as with any significant financial decision, it's crucial to carefully consider your personal circumstances, long-term goals, and budget before committing to a policy. The flexibility of this plan is a double-edged sword – while it allows for customization, it also requires careful consideration to ensure you're choosing the right options for your situation.
Remember, the best insurance plan is one that provides you with peace of mind and fits seamlessly into your overall financial strategy. If you're considering GREAT Flexi Protect Series 3 or any other life insurance plan, it's always wise to consult with a qualified financial advisor who can provide personalized recommendations based on your unique circumstances.
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 plans with flexible coverage options. 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 family's future. Don't leave your protection to chance – get the expert advice you deserve today.
- 👉 GREAT Flexi Protect Series 3: Comprehensive Life Protection with Flexible Coverage Options
- 👉 What is GREAT Flexi Protect Series 3?
- 👉 Key Features That Set GREAT Flexi Protect Series 3 Apart
- 👉 What Does GREAT Flexi Protect Series 3 Cover?
- 👉 How Does the Multiplier Coverage Work?
- 👉 Real-Life Scenario: How GREAT Flexi Protect Series 3 Works
- 👉 Pros and Cons of GREAT Flexi Protect Series 3
- 👉 Frequently Asked Questions
- 👉 Conclusion
By filling this out, you agree to allow us to contact you about insurance related information.
Similar Whole Life Products
Compare other whole life options to find the best coverage for your needs
More from Great Eastern
Same Company
Great Eastern
GE Supreme Great Multiplier
We analysed GE Supreme Great Multiplier docs so you don't have to. Key find: Up to 4x death benefit until age 70. Protect your parents too. See our full review for more insights.
Read Review
Same Company
Great Eastern
GREAT Prestige Harvest
We analysed GREAT Prestige Harvest docs so you don't have to. Key find: USD 0.5M+ death benefit. Secure your parents' legacy. View our full review for more insights and relevance.
Read Review
Other Whole Life Options
AIA
AIA Guaranteed Protect Plus (III)
We analysed AIA Guaranteed Protect Plus (III) docs so you don't have to. Key find: Covers 150 multi-stage critical illnesses. Protect your parents too. See our full review for more insights.
Read Review
AIA
AIA Life Dividends
We analysed AIA Life Dividends docs so you don't have to. Key find: Lifetime coverage with annual dividends from year 5. Secure your family's future. See our full review for more insights.
Read Review
AIA
AXA Life Exentials
We analysed AXA Life Exentials docs so you don't have to. Key find: Up to 7x Sum Assured for accidental death. Protect your parents too. See our full review for more insights and relevance.
Read Review
China Taiping
China Taiping i-Secure Legacy (II)
We analysed China Taiping i-Secure Legacy (II) docs so you don't have to. Key find: Covers 161 critical illnesses. Protect your parents too. See our full review for more insights.
Read Review
FWD
FWD Life Income Plus
We analysed FWD Life Income Plus so you don't have to. One fascinating find: Combines life coverage with cash value growth! View our full review to see if it fits your needs.
Read Review
Why people were suggested GREAT Flexi Protect Series 3
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 GREAT Flexi Living Protect 3 (Whole Life) was suggested:
This whole life policy provides lifetime coverage for death, critical illness, and early critical illness, which is essential for long-term protection. The limited pay feature allows you to pay premiums for only 20 years or until age 65, making it affordable. The bonuses and cash value help the sum assured keep up with inflation.
Arih, 30
GenderFemale
Monthly Income$3,008.333
Insurance Types Suggested
- Critical Illness
Why Whole Life plan (20 years payment) was suggested:
This whole life plan is recommended to provide critical illness coverage of $200,000 for the prospect, which aligns with the advisor's suggestion of insuring 3-5 years of annual income. The base plan of $50,000 will last for the whole life and accumulate bonuses, while the rider of $150,000 covers until age 65. This comprehensive coverage ensures that the prospect's standard of living is not compromised and expenses are taken care of in case of a critical illness.
Jo, 30
GenderMale
Monthly Income$5,000
Insurance Types Suggested
- Critical Illness
- Term Life
- Whole Life
- Investment Linked Plan
Why GREAT Flexi Living Protect 3 (Whole Life) was suggested:
This whole life policy provides lifetime coverage for death, early critical illness (ECI), and critical illness (CI). The limited payment term of 20 years or till age 65 makes it affordable. The ECI and CI coverage amounts are recommended based on typical income replacement needs. The policy accumulates cash value over time, providing a surrender option.