HSBC Life Wealth Voyage: Your Journey to Financial Freedom

Are you looking for a way to grow your wealth while maintaining flexibility in your financial journey? HSBC Life Wealth Voyage might be the investment-linked plan (ILP) you've been searching for. Whether you're just starting your career or you're a seasoned investor, this plan offers features that can help you achieve your long-term financial goals.

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HSBC Life Wealth Voyage is a regular premium investment-linked plan designed to help you grow your wealth over time . It combines investment opportunities with life insurance coverage, allowing you to work towards your financial goals while ensuring protection for your loved ones.

Let's look at how this plan might work for Nadia, a 25-year-old who's just started her career:

Nadia's Plan Details:

• Minimum Investment Period (MIP): 25 years

• Regular Premium: S$500 monthly

Year 0-2 (Age 25-27): Nadia receives start-up bonuses: S$1,500 in Year 1, S$2,700 in Year 2

Year 3 (Age 28): Starts receiving a monthly power-up bonus of 0.10% p.a., which increases over time

Year 11 (Age 36): Switches to a dividend-paying fund with a potential 4% p.a. payout, takes a 12-month premium holiday for a gap year in Europe, Total Account Value (TAV): S$91,331

Year 25 (Age 50): Makes a partial withdrawal of S$20,000 for her 50th birthday celebration, TAV after withdrawal: S$175,010, starts receiving a monthly loyalty bonus of 1.2% p.a.

Year 30 (Age 55): Enters semi-retirement and stops premium payments, TAV: S$230,271

Year 40 (Age 65): Fully retires from her job, TAV: S$309,514

Year 74 (Age 99): Policy matures, Final TAV: S$925,159, Total dividend payouts received since Year 11: S$1,044,889

In this scenario, Nadia doesn't make any withdrawals, aiming to maximize her returns:

Year 11 (Age 36): TAV: S$95,137

Year 25 (Age 50): TAV: S$353,971, starts receiving a monthly loyalty bonus of 1.2% p.a.

Year 30 (Age 55): Retires from full-time job but continues premium payments, TAV: S$544,927

Year 40 (Age 65): TAV: S$1,142,068

Year 74 (Age 99): Policy matures, Final TAV: S$14,863,466

Note: These scenarios assume an illustrated investment rate of return of 8% p.a. and a 1.3% p.a. fund management charge. Actual returns may vary.

HSBC Life Wealth Voyage offers a comprehensive solution for those looking to grow their wealth over the long term while maintaining some financial flexibility. Its bonus structure and investment options provide potential for significant returns, while the built-in insurance coverage adds an extra layer of protection.

However, like all investment-linked plans, it comes with risks and complexities. The various fees and charges, as well as the impact of market performance on your returns, need careful consideration.

Before deciding if HSBC Life Wealth Voyage is right for you, it's crucial to assess your financial goals, risk tolerance, and long-term commitments. Consider consulting with a financial advisor who can provide personalized advice based on your individual circumstances.

Remember, investing is a journey, and the right plan can help you navigate towards your financial destination with confidence.

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