Are you looking for a way to invest for your future while also ensuring financial protection for your loved ones ? Singlife Savvy Invest might be the solution you've been searching for. This innovative whole life, regular premium investment-linked plan offers a unique combination of diverse investment opportunities and protection against death and terminal illness. Let's dive deep into what makes Singlife Savvy Invest stand out in the crowded insurance market.
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Singlife Savvy Invest is a comprehensive financial product that combines investment and insurance . It's designed for individuals who want to grow their wealth over time while ensuring their family's financial security. The plan offers flexibility in investment choices, attractive bonuses, and the option to adjust your coverage as your life circumstances change.
Kick-start your investment journey with a Welcome Bonus of up to 60% of your first year's basic regular premium . This bonus is added to your account in the form of additional units, giving your initial investment a significant boost.
Whether you're buying your first home, welcoming a new family member, or facing other significant life events, you can withdraw up to 10% of your account value penalty-free . This feature provides financial flexibility when you need it most.
Singlife rewards your commitment with stepped-up Loyalty Bonuses. Starting from the policy anniversary after your Minimum Investment Period ends, you'll receive annual bonuses that increase over time : 0.3% of account value for the first 10 payments, 0.4% for the 11th to 20th payments, and 0.5% for the 21st payment and beyond.
With multiple funds to choose from, including dividend-paying options , you have the power to create a diversified portfolio that aligns with your risk tolerance and financial goals. You can receive dividends in cash or reinvest them for potential growth.
While you're investing for the future, Singlife Savvy Invest also provides life coverage against death and Terminal Illness . The Death Benefit is the higher of 101% of (total basic regular premiums paid plus any top-ups minus withdrawals), or the account value.
You have the flexibility to increase your investment at any time through single premium top-ups , with a minimum amount of S$1,000 per top-up.
| Age | What suggestion covers | Premium |
|---|---|---|
| 44, Female making $12,500 a month | $1,000 |
Let's consider Jeremy, a 35-year-old non-smoker who's recently married and planning for his family's future. He chooses Singlife Savvy Invest with a fixed Minimum Investment Period of 10 years and an annual premium of S$6,000.
Year 1: Jeremy receives a Welcome Bonus of S$600, boosting his initial investment.
Year 3: His account value grows to S$20,147 (111% of premiums paid).
Year 5: Jeremy withdraws S$2,000 penalty-free using the Life Stage Benefit for his newborn's expenses.
Year 11: After completing his Minimum Investment Period, Jeremy receives his first Loyalty Bonus of 0.3% of his account value.
Year 12: Jeremy tops up his investment with a single premium of S$2,000.
Year 20: His account value has grown to S$222,435 (185% of premiums paid).
Year 21: Jeremy now enjoys a stepped-up Loyalty Bonus of 0.4% of his account value.
This example assumes an illustrated investment return of 8% p.a. and an annual management charge of 1.30% p.a. It's important to note that actual returns may vary, and all values are non-guaranteed.
Singlife Savvy Invest offers both fixed and flexible Minimum Investment Periods (MIP):
Fixed MIP:
Flexible MIP:
You can choose to pay your premiums annually, half-yearly, quarterly, or monthly.
Understanding the fees associated with Singlife Savvy Invest is crucial:
There are currently no charges for premium top-ups or fund switching, although Singlife reserves the right to introduce these in the future with 30 days' notice.
Singlife Savvy Invest could be an excellent choice if you:
However, it's important to remember that:
Before making a decision, consider consulting with a financial adviser to determine if Singlife Savvy Invest aligns with your financial goals and risk tolerance.
Singlife Savvy Invest offers a unique blend of investment opportunities and life protection , with attractive features like Welcome and Loyalty Bonuses, flexible withdrawals, and diverse fund choices. It's designed for those who want to take an active role in their financial future while ensuring protection for their loved ones.
Remember, while the potential benefits are appealing, it's crucial to carefully consider your financial situation and long-term goals before committing to any investment-linked plan. The right choice depends on your individual circumstances, risk appetite, and financial objectives.
Ready to explore if Singlife Savvy Invest is the right fit for your financial journey? Don't rely on just one perspective. Get expert insights tailored to your unique situation . Sign up now to receive 5 expert opinions on how Singlife Savvy Invest could work for you. 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 how this plan fits into your overall financial strategy. Don't leave your financial future to chance – get the expert advice you deserve today.
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