Get advice
Investment Linked Plan

HSBC Life Wealth Accelerate: Revving Up Your Financial Future

In today's dynamic financial landscape, investment-linked plans (ILPs) have emerged as powerful tools for individuals seeking to combine life insurance protection with investment opportunities. HSBC Life Wealth Accelerate stands out as a flexible ILP designed to accelerate your journey towards financial independence. This innovative product offers a unique blend of wealth accumulation potential, insurance coverage, and customizable features to help you secure your ideal retirement while allowing your wealth to flourish and grow.

Investment Growth Calculator

Visualize your investment's potential

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

How Investment-Linked Plans Work

Investment-linked plans (ILPs) combine life insurance coverage with investment opportunities, offering a dual-purpose financial solution. In an ILP, a portion of your premium goes towards life insurance protection, while the remainder is invested in a range of funds chosen by you. HSBC Life Wealth Accelerate allows you to select from nearly 70 unique investment-linked funds across various industries and geographical sectors. This structure enables you to potentially grow your wealth over time while maintaining essential life coverage. The value of your policy is directly linked to the performance of your chosen funds, which means you have the potential for higher returns, but also bear the investment risks. ILPs typically offer different risk levels to suit various investor profiles, from conservative fixed income funds to more aggressive equity-based options.

Insurance Coverage

HSBC Life Wealth Accelerate provides essential insurance coverage to protect you and your loved ones. The policy offers benefits in the event of death or terminal illness, ensuring financial security for your beneficiaries. Let's explore the key aspects of the insurance coverage provided by this plan:

Death Benefit

In the event of the life assured's death, HSBC Life Wealth Accelerate pays out 101% of the total account value. For deaths occurring before the policy anniversary nearest to the life assured's 66th birthday, an additional 15% of the total account value (excluding top-ups and RSPs) is paid, capped at S$500,000 / US$350,000.

Terminal Illness Benefit

The plan provides coverage for terminal illness up to age 99. While specific details are not provided in the given information, terminal illness benefits typically mirror the death benefit, offering financial support during a critical time.

Fill in your details to get started

or

By filling this out, you agree to allow us to contact you about insurance related information.

Learn more

Insurance Rider Options

HSBC Life Wealth Accelerate offers additional flexibility through its rider options. These allow you to customize your coverage to better suit your specific needs and circumstances. While the provided information doesn't detail specific riders, the plan does include a unique feature:

Life Replacement Option

This option allows the policyholder to replace the life assured with their spouse or child below 18 years old. It provides a way to transfer wealth to your loved ones, offering flexibility in estate planning and family protection.

Investment Component

The investment component of HSBC Life Wealth Accelerate offers a diverse range of options to help you grow your wealth. With access to nearly 70 unique investment-linked funds, you have the flexibility to create a portfolio that aligns with your financial goals and risk tolerance. Here's an overview of the key aspects of the investment component:

Fund Diversity

HSBC Life Wealth Accelerate provides access to a wide selection of close to 70 unique investment-linked funds. These funds span various industries and geographical sectors, allowing for diversification across different asset classes and markets.

Dividend Options

The plan includes dividend-paying investment-linked sub-funds. You have the option to receive dividends in cash or reinvest them to further grow your wealth, providing flexibility in managing your investment returns.

Fund Switching

While specific details aren't provided, most ILPs allow for fund switching. Currently, the switching fee is waived for HSBC Life Wealth Accelerate, giving you the flexibility to adjust your investment strategy without additional costs.

Performance Potential

The plan's illustration shows potential for significant growth. For example, with an annual premium of S$12,000 and 8% illustrated investment return, the account value could reach S$1,499,628 after 35 years, demonstrating the long-term growth potential.

Fees and Charges

Understanding the fees and charges associated with HSBC Life Wealth Accelerate is crucial for making an informed decision. These costs can impact your overall returns and the value of your policy. Here's a breakdown of the key fees and charges:

Account Maintenance Fee

An Account Maintenance Fee (AMF) of 3.4% per annum is charged monthly on the Initial Units Account (IUA) during the Minimum Investment Period (MIP). This fee is not applicable after the MIP ends.

Investment Management Fee

An Investment Management Fee (IMF) of 1% per annum is charged monthly on the Accumulation Units Account (AUA) throughout the policy term, as long as the policy remains in force.

Fund Management Charge

This charge varies depending on the selected funds. It's important to review the specific fund details to understand the associated management charges.

Early Encashment Charge

An Early Encashment Charge (EEC) applies if you surrender the policy or if premiums remain unpaid during the first 48 months (for MIP 25) or 60 months (for MIP 30). The EEC rate varies based on the policy year and affects the IUA value.

Fill in your details to get started

or

By filling this out, you agree to allow us to contact you about insurance related information.

Learn more

1170+

Suggestions Facilitated

11+

Insurance Brands Represented

154+

MAS Licensed Advisors

Flexibility and Customization

HSBC Life Wealth Accelerate offers various features that provide flexibility and allow you to customize the plan according to your changing financial needs. These options help you adapt your policy as your life circumstances evolve. Here are some key flexibility features:

Premium Top-ups

You can make additional investments through top-ups, with a minimum amount of S$5,000 / US$3,500, in multiples of S$100 / US$100. This allows you to boost your investment when you have extra funds available.

Partial Withdrawals

The plan allows for partial withdrawals, with up to 7 free withdrawals after the Initial Contribution Period (ICP) until the end of the Minimum Investment Period (MIP). Each free withdrawal is capped at 2 times the annualized regular premium.

Premium Holiday

You can take a premium holiday for up to a total aggregate of 84 months during the MIP, and unlimited after the MIP. This feature provides flexibility during financial constraints, although applicable fees and charges will still be deducted.

Premium Reduction

After the ICP, you can reduce your premium by up to 25% of the original regular premium committed at the commencement date, subject to the minimum regular premium set by the company.

Conclusion

HSBC Life Wealth Accelerate is a versatile investment-linked plan that can be particularly beneficial for several types of customers. Young professionals looking to start their wealth accumulation journey early can take advantage of the long-term growth potential and flexible premium options. Mid-career individuals seeking a balance between protection and investment might find the customizable coverage and diverse fund options appealing. Additionally, those planning for retirement could benefit from the plan's potential for long-term wealth growth and the option to receive dividend payouts during retirement years.
. By participating, you'll also enter our "Premiums On Us" campaign, where you could win your quarterly insurance premiums paid by Whatins. Don't miss this opportunity to make an informed decision about your financial future while potentially saving on your insurance costs!