Investment Linked Plan

TM goClassic Secure: Flexible Planning for Your Financial Future

In today's ever-changing financial landscape, having a flexible and rewarding investment plan is crucial. If you're looking for a way to grow your wealth while maintaining the ability to adapt to life's changes , TM goClassic Secure might be the solution you've been searching for. Let's dive deep into what this plan offers and how it can help you achieve your financial goals.

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What is TM goClassic Secure?

TM goClassic Secure is an investment-linked insurance plan (ILP) offered by Tokio Marine Life Insurance Singapore. It's designed to provide you with the flexibility to manage your investments while offering protection benefits . This plan allows you to tailor your investments to your changing needs while ensuring investment protection in case of untimely death or during market downturns.

Key Features That Make TM goClassic Secure Stand Out

Flexible Investment Options

Invest in a well-diversified portfolio, capture different market opportunities, and choose your preferred plan currency.

Rewarding Bonuses

Initial Bonus: Up to 141% paid over the first 3 years . Yearly Loyalty Bonus: Up to 0.5% p.a. from the 4th year onwards. Yearly Additional Bonus: Up to 0.2% p.a. from the 4th year until the end of the premium term.

Customizable Plan Features

Choose your premium term (between 5 and 25 years), select your preferred plan currency (SGD, AUD, GBP, USD, or EUR), and access a suite of curated ILP sub-funds.

Financial Flexibility

Make premium top-ups, perform partial withdrawals, and enjoy free fund switches to capitalize on market opportunities.

Optional Riders for Enhanced Protection

Cancer Waiver, Early Critical Illness Premium Waiver, Waiver of Premium, and Payer Benefit Rider options available.

High Watermark Locked-in Value

Protects against volatile market trends and locks in the highest monthly policy value throughout the policy term.

Why compare TM goClassic Secure with other Investment Linked Plan options through Whatins?

Traditional Approach

  • Limited to one company's fund options
  • Only hear about advisor's preferred funds
  • Single perspective on investment strategy

Whatins Advantage

  • Compare fund options across multiple insurers
  • Get different views on investment strategies
  • See how different advisors approach fund selection
  • Understand varied fee structures

How Does TM goClassic Secure Work?

Let's break down the key components of this plan:

1. Investment Component: Choose from a range of ILP sub-funds to build a portfolio that matches your risk profile and financial goals. There's no bid-offer spread, which means cost savings for you.

2. Bonus Structure: Initial Bonus, Yearly Loyalty Bonus, and Yearly Additional Bonus provide significant boosts to your investment.

3. Protection Component: Includes a death benefit, with optional riders for enhanced protection.

4. High Watermark Feature: Locks in the highest monthly policy value, protecting you against market volatility.

5. Flexibility: Make top-ups, withdrawals, and fund switches to adapt your plan to changing circumstances.

Real-Life Scenario: Meet Mark

Let's consider a hypothetical example to see how TM goClassic Secure can work in real life:

Mark, age 35, signs up for TM goClassic Secure. Over the years, he uses the plan's flexibility to adapt to his changing needs:

  1. He makes an ad-hoc top-up with his year-end bonus.
  1. He makes partial withdrawals for marriage expenses.
  1. He switches funds to capture market opportunities.
  1. He adds his wife and newborn children as Lives Assured.
  1. He makes regular withdrawals for retirement needs while the investment continues to grow.
  1. Eventually, he transfers the policy to his children as a legacy.

This scenario illustrates how TM goClassic Secure can adapt to various life stages and financial needs.

Pros and Cons

Pros

  • Highly flexible plan that adapts to changing needs

  • Multiple bonuses to boost investment growth

  • Choice of plan currency and premium term

  • High Watermark feature protects against market volatility

  • Optional riders for enhanced protection

Cons

  • As an investment-linked plan, returns are not guaranteed

  • Early termination may result in high costs and potential loss

  • Requires active management to maximize benefits

Who Is TM goClassic Secure Best Suited For?

This plan is ideal for individuals who:

  • Want a medium to long-term investment horizon
  • Desire flexibility in their financial planning
  • Are comfortable with some investment risk
  • Want the ability to adapt their plan as life changes
  • Seek both investment growth and protection benefits

Frequently Asked Questions

Can I change my fund choices after starting the plan?

Yes, you can make free fund switches to adapt to market conditions.

What happens if I need to withdraw money unexpectedly?

The plan allows for partial withdrawals, but this may affect your policy value and benefits.

Is there a minimum investment amount?

You should check with a Tokio Marine Representative for the current minimum premium requirements.

How often can I make top-ups?

The plan allows for ad-hoc top-ups, but specific conditions may apply.

What happens to my policy if I pass away?

The plan includes a death benefit, and if you've added the High Watermark feature, your beneficiaries will receive the higher of the current policy value or the locked-in value.

Important Considerations

While TM goClassic Secure offers attractive features, it's important to keep in mind:

  • This is a long-term commitment, and early termination can be costly
  • Investment returns are not guaranteed, and you may lose some or all of your principal
  • Past performance of ILP sub-funds doesn't guarantee future results
  • It's crucial to regularly review and adjust your plan to ensure it continues to meet your needs

Conclusion

TM goClassic Secure offers a unique combination of investment flexibility, potential rewards, and protection benefits . Its adaptability makes it an attractive option for those looking to grow their wealth while maintaining the ability to respond to life's changes. However, like any financial product, it's essential to carefully consider your personal circumstances, risk tolerance, and long-term goals before making a decision.

Remember, the best financial plan is one that aligns with your specific needs and objectives. If you're considering TM goClassic Secure or any other investment-linked plan, it's always wise to consult with a financial advisor who can provide personalized recommendations based on your unique situation.

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