Are you looking for a way to secure your financial future while also leaving a lasting legacy for your loved ones? The GREAT Lifetime Payout 2 Special might be the solution you've been searching for. This innovative whole life insurance plan offers a unique combination of lifetime income and wealth accumulation , designed to provide you with financial freedom and peace of mind.
Find the right coverage in minutes
Use our advanced calculator to get personalized insurance recommendations
Get precise coverage recommendations based on your needs
Receive instant results without lengthy consultations
Get tailored recommendations based on your unique situation
GREAT Lifetime Payout 2 Special is a participating whole life insurance plan that offers lifetime monthly payouts and the potential for wealth accumulation. It's designed to help you manage your wealth flexibly, adapting to your evolving needs throughout your life. Whether you're saving for your child's education, planning for retirement, or looking to leave a legacy, this plan offers the versatility to meet your financial goals.
Receive up to 3.28% per annum1 in monthly payouts . Payouts start after just 3.5 years.
Pay premiums for only 3 years . Minimum annual premium of S$10,000.
100% of your capital is guaranteed from the end of the 6th policy year2.
Choose to receive monthly payouts or accumulate them for potentially higher returns3.
Leave an inheritance with a lump sum benefit of 105% of total premiums paid plus bonuses .
You pay premiums for 3 years. Minimum annual premium is S$10,000.
Start receiving payouts after 3.5 years (from the 43rd policy month). For the first 6 months: Up to 3.28% p.a. for premiums of S$30,000 and above. From the 49th policy month onwards: Guaranteed payout of 0.85% p.a. plus non-guaranteed payout of up to 2.43% p.a.
Your capital is 100% guaranteed from the end of the 6th policy year2.
105% of total premiums paid plus any bonuses.
Michelle, a 50-year-old patisserie owner, invests S$90,000 over 3 years. By age 85, she could receive total benefits of S$197,690 (2.19x total premiums paid) , including monthly payouts and death benefit.
Michael, a 35-year-old engineer, invests for his newborn son. By age 85, the plan could provide total benefits of S$366,448 (4.07x total premiums paid) , including education funding and lifetime payouts.
Lifetime monthly payouts
Short premium payment period (3 years)
100% capital guarantee from the 6th policy year2
Flexibility to receive or accumulate payouts
Potential for wealth accumulation and legacy planning
Non-guaranteed portions of payouts depend on fund performance
Early surrender may result in losses
Inflation may affect the real value of payouts over time
This plan might be suitable if you:
• Want a steady stream of lifetime income
• Have a lump sum to invest over a short period
• Are looking for potential wealth accumulation
• Want to leave a financial legacy for your loved ones
• Prefer the security of a capital guarantee
However, it may not be ideal if you:
• Cannot commit to the minimum premium amount
• Need immediate access to all your funds
• Are looking for pure investment products with potentially higher returns
Remember, it's always wise to consult with a financial advisor to ensure this plan aligns with your overall financial strategy.
Contact a Great Eastern Financial Representative
Discuss your financial goals and needs
Review the plan details and customize it to your situation
Complete the application process
Check with Great Eastern about options for changing payout frequency.
Discuss premium payment options and consequences with your Financial Representative.
This would depend on Great Eastern's policies. Consult your Financial Representative for options.
They depend on the performance of the participating fund. Actual returns may vary.
Yes, but it may be less than the total premiums paid, especially in the early years.
GREAT Lifetime Payout 2 Special offers a unique combination of lifetime income, potential wealth accumulation, and legacy planning . With its short premium term and lifetime payouts, it can be an attractive option for those looking to secure their financial future and leave something for the next generation. However, like all financial products, it's important to carefully consider your personal needs, goals, and circumstances before making a decision.
Remember, the best financial plan is one that aligns with your specific situation and long-term objectives. If you're considering GREAT Lifetime Payout 2 Special or any other financial product, it's always beneficial to get expert advice.
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 retirement and legacy 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 strategy for your financial future. Don't leave your retirement and legacy to chance – get the expert advice you deserve today.
By filling this out, you agree to allow us to contact you about insurance related information.
Read the complete transcript of our expert discussion about GREAT Lifetime Payout 2 Special. This detailed analysis covers key features, benefits, and important considerations for potential policyholders.
Welcome to the deep dive. We're here to unpack complex financial solutions and make them clear and useful for you. Tod
Click above to view the complete podcast transcript
Compare other endowment options to find the best coverage for your needs
GE Annual Cashback Endowment offers a unique way to secure your parents' future while enjoying financial benefits. With the potential to earn up to S$39,773 in bonuses, this plan combines long-term savings with annual cash payouts. It's an innovative approach to endowment policies that balances immediate rewards with future financial security.
GREAT Flexi Cashback offers a unique approach to saving for your child's future while enjoying benefits yourself. With an impressive 4.30% yearly cash payout from the second year onwards, this plan allows parents to build a nest egg for their children while also reaping rewards. This innovative feature combines long-term savings with immediate gratification, making it an attractive option for forward-thinking families.
GREAT Flexi Goal is a financial product designed with young adults in mind, offering a unique blend of flexibility and security for future planning. What sets it apart is its 100% capital guarantee at maturity, providing peace of mind as you work towards your long-term goals. This feature makes GREAT Flexi Goal an attractive option for those looking to build a solid financial foundation without compromising on safety.
GREAT Prime Rewards 3 offers an impressive opportunity to secure your parents' retirement with up to 1.82X returns on a single premium. This unique feature sets it apart from typical retirement plans, providing a powerful way to maximize your investment for your loved ones' future. Discover how this innovative product can help you achieve your family's financial goals with greater efficiency.
AIA Retirement Saver (IV) offers a flexible approach to securing your financial future. With its customizable coverage options, you can tailor your retirement plan to perfectly align with your unique needs and goals. This personalized touch allows you to create a retirement strategy that's as individual as you are, ensuring you're well-prepared for the years ahead.
AIA Smart Flexi Growth offers a unique approach to savings and investment. This innovative plan not only provides life protection but also presents the potential for higher returns through non-guaranteed bonuses, allowing your savings to potentially grow faster. With its flexible features and growth potential, AIA Smart Flexi Growth could be an intriguing option for those looking to maximize their financial future.
AIA Smart Flexi Rewards (II) offers a unique approach to securing your future and that of your parents. With guaranteed yearly coupons starting from the second policy year, this plan provides a reliable stream of income to support your financial goals. Discover how this innovative product can help you build a stronger financial foundation for generations to come.
AIA Smart Goal 10 offers a unique combination of guaranteed returns and potential bonuses, making it an intriguing option for those looking to grow their savings. This innovative product not only provides a secure foundation for your financial goals but also the exciting possibility of additional rewards. Discover how AIA Smart Goal 10 could potentially boost your savings beyond the guaranteed returns, offering a dynamic approach to achieving your financial objectives.
Explore more: Real customer experiences • Insurance guides • Coverage calculator
Learn about Endowment insurance basics or compare Endowment policies