Are you looking for a way to secure your financial future and leave a lasting legacy for your loved ones? The Prestige Life Rewards Series from Great Eastern Life might be the solution you've been searching for. This comprehensive guide will walk you through everything you need to know about these innovative whole life participating plans.
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The Prestige Life Rewards Series is a collection of three whole life participating plans designed to help you build and preserve wealth for generations to come . These plans offer:
Let's dive deeper into what makes these plans unique and how they can benefit you and your family.
Ideal for: Those seeking better liquidity with early payouts in SGD b>Key feature: Monthly payouts start from the 3rd policy year b>Payout rate: Up to 3.35% per annum of the single premium paid
Ideal for: Those preferring USD currency with the earliest payouts b>Key feature: Monthly payouts start from the 2nd policy year b>Payout rate: Up to 4.10% per annum of the single premium paid
Ideal for: Those prioritizing higher accumulated value for inheritance b>Key feature: Monthly payouts start from the 5th policy year b>Payout rate: Up to 3.00% per annum of the single premium paid b>Benefit: Potentially higher policy value due to longer accumulation period
With a single premium payment, you secure lifetime monthly payouts and the ability to transfer wealth to future generations.
Choose between SGD and USD plans, with payouts starting as early as the 2nd policy year .
The Prestige Life Rewards 5A (SGD) offers a longer accumulation period, potentially resulting in a higher policy value for your beneficiaries .
All plans offer a guaranteed surrender value of 80% of the single premium from day one , providing liquidity when you need it most.
Coverage against death and terminal illness for your entire life , ensuring your family's financial security.
Walter, 40, invests S$300,000 for his 5-year-old daughter, Chloe. b>Monthly payout: S$837 from 3rd policy year b>Total potential benefits: S$1,243,180 (4.14 times the single premium paid)
Martin, 40, invests S$500,000 for his 5-year-old son, Joshua. b>Monthly payout: S$1,250 from 5th policy year b>Total potential benefits: S$3,360,429 (6.72 times the single premium paid)
William, 40, invests US$500,000. b>Monthly payout: US$1,709 from 2nd policy year b>Total potential benefits: US$1,495,984 (2.99 times the single premium paid)
Currency Risk: Be aware of potential foreign exchange volatility if choosing the USD plan.
Non-Guaranteed Benefits: Some benefits depend on the performance of the participating fund.
Early Termination Costs: Surrendering early may result in receiving less than the total premiums paid.
Long-Term Commitment: These plans are designed for long-term financial planning and wealth transfer.
It's best to consult with a Great Eastern representative about any changes after purchase.
All plans offer a guaranteed surrender value of 80% of the single premium from day one .
The plans offer both guaranteed and non-guaranteed benefits. Actual payouts may vary based on the participating fund's performance.
Yes, you can purchase multiple plans to diversify your portfolio or meet different financial goals.
Specific age limits aren't mentioned. Consult with a Great Eastern representative for personalized advice.
The Prestige Life Rewards Series offers a unique opportunity to secure your financial future and leave a lasting legacy for your loved ones. With options for early liquidity, higher inheritance value, and choice of currency, these plans can be tailored to meet your specific wealth management goals.
However, as with any significant financial decision, it's crucial to carefully consider your personal circumstances, risk tolerance, and long-term objectives before committing to a plan.
Ready to take the next step in securing your financial legacy? Don't rely on just one perspective. Get expert insights tailored to your unique situation. Sign up now to receive 5 expert opinions on wealth management and legacy planning. These professionals will review your specific needs 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 and your family's security. Don't leave your legacy to chance – get the expert advice you deserve today.
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Read the complete transcript of our expert discussion about Prestige Life Rewards Series. This detailed analysis covers key features, benefits, and important considerations for potential policyholders.
Welcome to the deep dive. I'm Sam and today we're exploring something pretty fundamental—building your financial future right here in Singapore
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