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Investment Linked Plan

Introduction

In today's dynamic financial landscape, investment-linked plans (ILPs) have emerged as a powerful tool for individuals seeking to combine life insurance protection with investment opportunities. The Singlife Savvy Invest II is a cutting-edge whole life, regular premium investment-linked plan that offers diverse investment opportunities alongside protection against death and Terminal Illness. This innovative product empowers you to take control of your financial future by allowing you to diversify your portfolio, enjoy flexibility, and reap bonuses to achieve your financial goals. With Singlife Savvy Invest II, you can maximize your investment potential while securing peace of mind for yourself and your loved ones.

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How ILPs Work

Investment-linked plans (ILPs) are unique financial products that combine life insurance coverage with investment opportunities. In an ILP, a portion of your premium goes towards life insurance protection, while the remainder is invested in a variety of funds chosen by you. The Singlife Savvy Invest II offers an impressive allocation rate, with up to 105% of your regular basic premiums paid being invested in the ILP sub-funds of your choice. This high allocation rate allows you to maximize your investment potential from the start. You have the flexibility to select from a range of funds with varying risk levels, including equity, balanced, and fixed income options, to align with your investment goals and risk tolerance. The value of your policy fluctuates based on the performance of your chosen funds, giving you the potential for higher returns compared to traditional life insurance policies.

Insurance Coverage

Singlife Savvy Invest II provides comprehensive insurance coverage to protect you and your loved ones. The plan offers protection against death and Terminal Illness, ensuring financial security for your beneficiaries in case of unforeseen circumstances. Let's explore the key aspects of the insurance coverage provided by this plan.

Death Benefit

Financial Protection. The Death Benefit payable is the higher of 101% of (total basic regular premiums paid plus any single premium top-up less any withdrawal made) or the account value, less any amount owing to Singapore Life Ltd.

Terminal Illness Benefit

Early Payout. The Terminal Illness Benefit is an early payout of the Death Benefit, providing financial support when it's needed most.

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Insurance Rider Options

Singlife Savvy Invest II offers additional rider options to enhance your protection and provide greater peace of mind. These riders allow you to customize your coverage according to your specific needs and circumstances. While the product details don't provide extensive information on the available riders, they do mention the option to choose from three premium waiver riders.

Premium Waiver Riders

Future Premium Protection. Choose from three premium waiver riders that allow you to waive future premiums should unfortunate circumstances occur, ensuring your policy remains in force.

Investment Component

The investment component of Singlife Savvy Invest II offers a diverse range of options to help you grow your wealth. With this plan, you have the flexibility to choose from various funds and adjust your investment strategy over time. Let's explore the key features of the investment component.

Fund Options

Diverse Choices. Explore a variety of funds, including dividend-paying ILP sub-funds, allowing you to tailor your investment portfolio to your financial goals and risk appetite.

Dividend Options

Flexible Reinvestment. For dividend-paying ILP sub-funds, you can choose to receive dividends in cash or reinvest them to further grow your investment.

Fund Switching

Portfolio Adjustments. Enjoy the flexibility to switch between ILP sub-funds with no current fund switch fee, allowing you to adapt your investment strategy as needed.

Fund Performance

Growth Potential. While past performance is not indicative of future results, the plan offers the potential for attractive returns based on your chosen funds' performance.

Fees and Charges

Understanding the fees and charges associated with Singlife Savvy Invest II is crucial for making an informed decision. These costs impact your overall returns and the value of your policy. Let's break down the key fees and charges associated with this plan.

Administrative Charge

Account Management. An administrative charge of 0.60% per annum of the account value is deducted monthly throughout the policy term.

Supplementary Charge

Initial Years Cost. A supplementary charge of 1.90% per annum of the account value is deducted monthly for the first 10 policy years.

Cost of Insurance

Protection Expense. The Cost of Insurance is payable monthly based on factors such as age, gender, smoking status, and the sum at risk.

Fund Management Charge

Investment Oversight. Annual management charges vary depending on the chosen ILP sub-funds and are applied at the underlying fund level.

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Flexibility and Customization

Singlife Savvy Invest II offers a range of features that provide flexibility and allow you to customize your policy to suit your changing needs. These options enable you to adapt your coverage and investment strategy as your life circumstances evolve. Let's explore the key flexibility and customization features of this plan.

Single Premium Top-ups

Boost Investments. Enjoy the flexibility to increase your investment any time with single premium top-ups, with a minimum amount of S$1,000 per top-up.

Life Stage Benefit

Milestone Withdrawals. Withdraw up to 10% of your account value, penalty-free, at key life milestones such as marriage, childbirth, or property purchase.

Change of Life Assured

Policy Transfer. Request a change of life assured up to 2 times during the policy term, allowing you to pass on your policy to a family member.

Minimum Investment Period

Customized Commitment. Choose between a fixed or flexible Minimum Investment Period to align with your financial planning needs.

Conclusion


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