GREAT Lifetime Payout 2 Special

The plan that keeps on giving

Why you will love this

Lifetime monthly payout after 3.5 years

Capital guaranteed from the 7th year

FEATURES AND BENEFITS

Short payment term

Pay premiums for just 3 years. Start now from $10,000 a year.

Pay premiums for just 3 years. Start now from $10,000 a year.

Enjoy lifetime monthly payouts

After 3.5 years, receive lifetime monthly payouts of up to 3.28% per annum of the total annual premiums paid.

After 3.5 years, receive lifetime monthly payouts of up to 3.28% per annum of the total annual premiums paid.

Capital guaranteed

Capital guaranteed from the 7th year.

Capital guaranteed from the 7th year.

Lump sum inheritance for your next generation

Lump sum payout in the event of Death or Terminal Illness.

Lump sum payout in the event of Death or Terminal Illness.

Maximise your Supplementary Retirement Scheme (SRS) funds to meet your retirement goals

This payment option is only applicable when you make a one-time upfront payment.

This payment option is only applicable when you make a one-time upfront payment.

This is not a fixed or savings deposit. It is a whole of life insurance plan which provides insurance coverage for death and terminal illness as long as this policy is effective.

Capital guaranteed is on the condition that premiums are paid by annual mode and no policy alterations are made.

How it works
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Total benefits

Monthly payouts received over the years

$204,180

+

Lump sum inheritance

$180,213

=

$384,393

Learn more

All figures in the above illustration are based on illustrated investment rate of return of the participating fund at 4.25% per annum and are subject to rounding. The lump sum inheritance received by Ms Lim’s family includes total guaranteed and non-guaranteed death benefit plus remaining declared but unpaid cash bonus and non-guaranteed interest earned on unpaid monthly cash bonus. Please refer to the policy illustration for the exact values. Based on illustrated investment rate of return of 3.00% per annum, Ms. Lim’s monthly payout from the 49th policy month onwards will be $273. The monthly payouts received over the years will be $137,145, and the total inheritance will be $168,138. Interest earned on the unpaid month cash bonus is accumulated at 2.50% per annum and 1.00% per annum based on illustrated investment rate of return of 4.25% per annum and illustrated investment rate of return of 3.00% per annum respectively. This rate is not guaranteed and can be changed from time to time. The actual benefits payable may vary according to the future experience of the participating fund.

Early cancellation

What Ms Lim would get back over the years if she chooses

to cancel the plan

Ms Lim may get back less than what she paid if she cancels the policy anytime before the end of year 6.

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The figures used are for illustrative purposes and are subject to rounding. Please refer to the policy illustration for the exact values.

The figures used are for illustrative purposes and are subject to rounding. Please refer to the policy illustration for the exact values.

The lump sum payout upon cancellation at the end of year 3 is $75,000 guaranteed under both illustrated investment rate of return of the participating fund at 4.25% per annum and 3.00% per annum, subject to rounding. Please refer to the policy illustration for the exact values.

The figures used are based on an illustrated investment rate of return of the participating fund at 4.25% per annum and subject to rounding. Please refer to the policy illustration for the exact values. The lump sum payout upon cancellation includes total guaranteed and non-guaranteed surrender value plus remaining declared but unpaid cash bonus and non-guaranteed interest earned on unpaid monthly cash bonus. Based on illustrated investment rate of return of 3.00% per annum, the lump sum payout upon cancellation will be $152,181, the monthly payouts received over the years will be $9,030 and the total amount received by Ms Lim will be $161,211 (1.07x of the premiums paid over the years). Interest earned on the unpaid monthly cash bonus is accumulated at 2.50% per annum and 1.00% per annum based on illustrated investment rate of return of 4.25% per annum and 3.00% per annum respectively. This rate is not guaranteed and can be changed from time to time. The actual benefits payable may vary according to the future experience of the participating fund.

The figures used are based on an illustrated investment rate of return of the participating fund at 4.25% per annum and subject to rounding. Please refer to the policy illustration for the exact values. The lump sum payout upon cancellation includes total guaranteed and non-guaranteed surrender value plus remaining declared but unpaid cash bonus and non-guaranteed interest earned on unpaid monthly cash bonus. Based on illustrated investment rate of return of 3.00% per annum, the lump sum payout upon cancellation will be $154,457, the monthly payouts received over the years will be $38,595 and the total amount received by Ms Lim will be $193,052 (1.29x of the premiums paid over the years). Interest earned on the unpaid monthly cash bonus is accumulated at 2.50% per annum and 1.00% per annum based on illustrated investment rate of return of 4.25% per annum and 3.00% per annum respectively. This rate is not guaranteed and can be changed from time to time. The actual benefits payable may vary according to the future experience of the participating fund.

The figures used are based on an illustrated investment rate of return of the participating fund at 4.25% per annum and subject to rounding. Please refer to the policy illustration for the exact values. The lump sum payout upon cancellation includes total guaranteed and non-guaranteed surrender value plus remaining declared but unpaid cash bonus and non-guaranteed interest earned on unpaid monthly cash bonus. Based on illustrated investment rate of return of 3.00% per annum, the lump sum payout upon cancellation will be $156,754, the monthly payouts received over the years will be $71,455 and the total amount received by Ms Lim will be $228,199 (1.52x of the premiums paid over the years). Interest earned on the unpaid monthly cash bonus is accumulated at 2.50% per annum and 1.00% per annum based on illustrated investment rate of return of 4.25% per annum and 3.00% per annum respectively. This rate is not guaranteed and can be changed from time to time. The actual benefits payable may vary according to the future experience of the participating fund.

Before you apply

Eligibility requirements

Minimum age

15 days from birth or discharge from hospital, whichever is later

Maximum age

75 years old (age next birthday)


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