In today's fast-paced world, planning for the future can often take a backseat to our immediate needs and wants. But what if there was a way to save for your future goals while still enjoying the present ? Enter FWD Save First Series 2, a savings plan designed to help you achieve your financial aspirations with ease and flexibility.
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
FWD Save First Series 2 is an innovative savings plan that combines the benefits of regular savings with the potential for higher returns . It's designed for individuals who want to build their wealth steadily over time, without compromising their current lifestyle. This plan offers a unique approach to savings, allowing you to grow your money while maintaining the flexibility to access it when needed.
Choose a savings period that suits your goals, from as short as 5 years to as long as 20 years
Enjoy a guaranteed return on your savings , providing you with financial security
Opportunity to earn additional non-guaranteed returns, boosting your overall savings
Receive regular cash payouts , giving you the flexibility to use the money as you see fit
Includes a life insurance component, providing financial protection for your loved ones
Customize your plan with additional riders for enhanced protection
You decide how long you want to pay premiums, typically ranging from 5 to 20 years.
This is usually longer than your premium payment term, allowing your money to grow even after you've stopped paying premiums.
You make regular premium payments, which FWD invests on your behalf.
A portion of your savings grows at a guaranteed rate , ensuring a minimum return on your investment.
Your savings also have the potential to earn additional non-guaranteed returns, depending on the performance of FWD's participating fund.
You receive regular cash payouts, which you can choose to reinvest or use as you wish.
At the end of your policy term, you receive a lump sum payment, which includes your guaranteed and non-guaranteed returns.
Regular premium payments help instill a habit of saving , ensuring you consistently set aside money for your future.
The combination of guaranteed and non-guaranteed returns offers the potential for your savings to grow faster than traditional savings accounts.
Regular cash payouts provide you with additional income , which you can use to supplement your lifestyle or reinvest for even greater returns.
The life insurance component ensures that your loved ones are financially protected in case of unforeseen circumstances.
Optional riders allow you to tailor your coverage to your specific needs, such as critical illness protection or disability income.
Depending on your local tax laws, the returns from your savings plan may be tax-advantaged.
Imagine you have a newborn and want to save for their university education in 18 years. With FWD Save First Series 2, you could choose an 18-year policy term, make regular premium payments, and allow your savings to grow over time. By the time your child is ready for university, you'll have a substantial sum to cover their education expenses .
If you're 35 and want to boost your retirement savings, you could opt for a 20-year premium payment term and a 30-year policy term. Make regular contributions during your peak earning years, enjoy the compound growth of your savings, and start receiving regular payouts in your 60s to supplement your retirement income .
Let's say you want to save for a down payment on a house in 10 years. Choose a 10-year policy term, make consistent premium payments, and at the end of the term, you'll have a lump sum that can go towards your house deposit .
The amount you can save with FWD Save First Series 2 depends on several factors:
It's important to note that while the plan offers potential for higher returns, it also comes with some investment risk. The non-guaranteed portion of your returns may fluctuate based on market conditions.
Combines savings with life insurance protection
Potential for higher returns compared to traditional savings accounts
Regular cash payouts provide financial flexibility
Customizable with optional riders
Instills financial discipline through regular savings
Requires long-term commitment
Non-guaranteed returns are subject to market fluctuations
May have penalties for early withdrawal or policy termination
Premiums may be higher compared to pure savings products
While the plan is designed for long-term savings, some plans may offer partial withdrawal options. Check with FWD for specific details.
Depending on how long you've held the policy, you may have options like reduced paid-up insurance or cash surrender. It's best to discuss this with your financial advisor.
Tax treatment of returns can vary depending on your local tax laws. Consult a tax professional for advice specific to your situation.
Some plans may allow you to increase your coverage or savings amount. Check with FWD about the options available under FWD Save First Series 2.
The plan includes a life insurance component, so your beneficiaries would receive a death benefit that includes your accumulated savings.
FWD Save First Series 2 offers a compelling combination of savings and protection , designed to help you achieve your long-term financial goals while providing flexibility and potential for higher returns. It's an excellent option for those looking to build their wealth steadily over time, with the added benefit of life insurance protection.
However, as with any financial decision, it's essential to carefully consider your personal circumstances, financial goals, and risk tolerance before committing to a savings plan. While FWD Save First Series 2 offers many attractive features, it's important to understand that it requires a long-term commitment and that non-guaranteed returns can fluctuate.
Ready to take control of your financial future? Don't rely on just one perspective. Get expert insights tailored to your unique financial situation and goals. Sign up now to receive 5 expert opinions on savings plans like FWD Save First Series 2 . These financial professionals will review your specific circumstances and provide personalized recommendations, helping you make the most informed decision possible for your future.
By consulting with multiple experts, you'll gain a comprehensive understanding of your options and ensure you're choosing the best savings strategy for your needs. Don't leave your financial future 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 Save First Series 2. This detailed analysis covers key features, benefits, and important considerations for potential policyholders.
All right, so you've just landed that first proper job here in Singapore.
Click above to view the complete podcast transcript (195 sections)
Compare other endowment options to find the best coverage for your needs
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.
AIA Smart Rewards Saver 2 is a long-term savings plan designed with young adults in mind, offering a unique blend of growth potential and guaranteed returns. One of its standout features is the 5% guaranteed annual coupons starting from the second year, providing a reliable income stream while your savings continue to grow. This innovative product combines financial security with flexibility, making it an attractive option for those looking to build a solid financial foundation for their future.
AIA Smart Wealth Builder Series offers a unique combination of guaranteed returns and growth potential. With its guaranteed maturity benefit plus the opportunity for additional bonuses, this product provides a solid foundation for wealth accumulation while still allowing for upside. Whether you're planning for retirement or long-term financial goals, this innovative approach to wealth building might be worth exploring further.
AVIVA MyWealthPlan offers a unique combination of financial security and family support. With guaranteed returns of up to 2.35% p.a., it not only helps secure your future but also provides a way to support your parents financially. This innovative plan stands out by addressing both personal wealth growth and filial responsibilities in one comprehensive package.
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.
Explore more: Real customer experiences • Insurance guides • Coverage calculator
Learn about Endowment insurance basics or compare Endowment policies