Gro Cash Sure

However, should Jane survive till a ripe old age of 120 years old she would receive a maturity benefit⁶ of $72,395³ and the policy would have provided an illustrated total cash payout² of $180,250³ from age 45 to age 120 (this amount includes the yearly cash payout accumulated from age 45 to age 50 which was withdrawn to fund her renovation expenses).

The above figures are for illustrative purposes only and are rounded to the nearest dollar.

The non-guaranteed figures above are based on the assumption that the Life Participating Fund earns a long-term average return of 4.25% per annum.

Should the long-term average return be 3.00% per annum, the illustrated yearly cash payout² would be $1,452⁷, the illustrated withdrawal amount for Jane’s renovation expenses at age 50 would be $9,045⁷, the illustrated yearly cash payout with loyalty bonus would be $1,537^2,7, and the death benefit⁵ would be $68,322⁷ when Jane passes away at age 100. If Jane survives till a ripe old age of 120 years old, the maturity benefit⁶ would be $72,104⁷ and the policy would have provided an illustrated total cash payout² of $115,445⁷ from age 45 to age 120 (this amount includes the yearly cash payout accumulated from age 45 to age 50 which was withdrawn to fund her renovation expenses).

¹At the end of the premium term, if the policyholder did not cash in this policy and all premiums for this policy have been paid for, the guaranteed cash value for this policy is equal to total premiums paid, excluding premiums paid on riders. If the policyholder choose to cash in this policy partially, the sum assured after the partial cash payout cannot be less than the minimum sum assured limit or any other amount Income may tell the policyholder about. Income will use the new sum assured and reduced regular premium amount excluding premiums paid on riders to work out the guaranteed cash value (if any) from the policy entry date.

²If the insured survives at the end of the premium term, and if all premiums for this policy have been paid for, Income will start paying the cash benefit at the end of the premium term. Income may pay a cash bonus on top of each cash benefit, by applying a bonus rate to the sum assured, and may include any loyalty bonus payable from the end of 20^thpolicy year after the end of premium term. Income may or may not pay this cash bonus for each policy year. Each yearly cash benefit is 2% of the sum assured and the non-guaranteed cash bonus without loyalty bonus is 7.3% of your sum assured and with loyalty bonus is 7.9% of your sum assured (based on the assumption that the Life Participating Fund earns a long-term average return of 4.25% per annum). At an illustrated investment rate of return of 3.00% per annum, the non-guaranteed cash bonus without loyalty bonus is 4% of your sum assured and with loyalty bonus is 4.35% of your sum assured.

If the sum assured of the policy is at least $80,000, the yearly cash payouts can be received in monthly payments. Please refer to the policy contract for further details.

³The figures in the illustration are not guaranteed and are illustrated based on the assumption that the Life Participating Fund earns a long-term average return of 4.25% per annum in the future. Returns are illustrated based on estimated bonus rates that are not guaranteed. The actual benefit payable will vary according to the future performance of the Life Participating Fund. If cash benefits and cash bonuses are accumulated with us, the interest rate will be based on 3.00% per annum and it is not guaranteed.

⁴Only you as the policyholder (before the age of 65 years old), your spouse (before the age of 65 years old), or your child/ward (before the age of 18 years old) can be the secondary insured at the time you exercise this option. You can exercise this option to appoint a secondary insured no more than three times. Terms apply for the benefit. Please refer to the policy contract for further details.

⁵If the insured becomes terminally ill or dies during the term of this policy, Income will pay the sum of:

• The higher of:
  • 105% of all net premium(s) paid excluding premiums paid on riders; or
  • the guaranteed portion of the cash value,
and
• A terminal bonus.

Income will pay the cash value if it is higher than the sum calculated above and any cash benefits and cash bonuses which have built up, including any interest earned until then. The policy terminates thereafter.

⁶If the insured survives at the end of the policy term and the policy has not already ended, the policy will pay the cash value. Income will also pay any cash benefits and cash bonuses which have built up.

⁷The figures in the illustration are not guaranteed and are illustrated based on the assumption that the Life Participating Fund earns a long-term average return of 3.00% per annum in the future. Returns are illustrated based on estimated bonus rates that are not guaranteed. The actual benefit payable will vary according to the future performance of the Life Participating Fund. If cash benefits and cash bonuses are accumulated with us, the interest rate will be based on 1.50% per annum and it is not guaranteed.

© 2023 Income. All rights reserved.

However, should Darren pass away at age 75, the policy would have paid out $173,792^4,6 and the policy terminates thereafter.

The policy would have provided an illustrated total benefit of $465,563⁴ which is 3.10 times of the premiums paid.

The above figures are for illustrative purposes only and are rounded to the nearest dollar.The non-guaranteed figures above are based on the assumption that the Life Participating Fund earns a long-term average return of 4.25% per annum.

Should the long-term average return be 3.00% per annum, the illustrated yearly cash payout³ would be $3,060⁷ and the illustrated yearly cash payout with loyalty bonus would be $3,239^3,7. Should Darren pass away at age 75, the policy would have paid out $172,721^6,7 and the policy would have provided an illustrated total benefit of $360,242⁷. If Darren survives to the end of the policy term, the maturity benefit⁵ would be $173,642⁷ and the policy would have paid out an illustrated total benefit of $367,641⁷.

¹Only you as the policyholder (before the age of 65 years old), your spouse (before the age of 65 years old), or your child/ward (before the age of 18 years old) can be the secondary insured at the time you exercise this option. You can exercise this option to appoint a secondary insured no more than three times. Terms apply for the benefit. Please refer to the policy contract for further details.

²At the end of the premium term, if the policyholder did not cash in this policy and all premiums for this policy have been paid for, the guaranteed cash value for this policy is equal to total premiums paid, excluding premiums paid on riders. If the policyholder chooses to cash in this policy partially, the sum assured after the partial cash payout cannot be less than the minimum sum assured limit or any other amount Income may tell the policyholder about. Income will use the new sum assured and reduced regular premium amount excluding premiums paid on riders to work out the guaranteed cash value (if any) from the policy entry date.

³If the insured survives at the end of the premium term, and if all premiums for this policy have been paid for, Income will start paying the cash benefit at the end of the premium term. Income may pay a cash bonus on top of each cash benefit, by applying a bonus rate to the sum assured, and may include any loyalty bonus payable from the end of 20^thpolicy year after the end of premium term. Income may or may not pay this cash bonus for each policy year. Each yearly cash benefit is 2% of the sum assured and the non-guaranteed cash bonus without loyalty bonus is 7.3% of your sum assured and with loyalty bonus is 7.9% of your sum assured (based on the assumption that the Life Participating Fund earns a long-term average return of 4.25% per annum). At an illustrated investment rate of return of 3.00% per annum, the non-guaranteed cash bonus without loyalty bonus is 4% of your sum assured and with loyalty bonus is 4.35% of your sum assured.

⁴The figures in the illustration are not guaranteed and are illustrated based on the assumption that the Life Participating Fund earns a long-term average return of 4.25% per annum in the future. Returns are illustrated based on estimated bonus rates that are not guaranteed. The actual benefit payable will vary according to the future performance of the Life Participating Fund. If cash benefits and cash bonuses are accumulated with us, the interest rate will be based on 3.00% per annum and it is not guaranteed.

⁵If the insured survives at the end of the policy term and the policy has not already ended, the policy will pay the cash value. Income will also pay any cash benefits and cash bonuses which have built up.

⁶If the insured becomes terminally ill or dies during the term of this policy, Income will pay the sum of:

• The higher of:
  • 105% of all net premium(s) paid excluding premiums paid on riders; or
  • the guaranteed portion of the cash value,
and
• A terminal bonus.

Income will pay the cash value if it is higher than the sum calculated above and any cash benefits and cash bonuses which have built up, including any interest earned until then. The policy terminates thereafter.

⁷The figures in the illustration are not guaranteed and are illustrated based on the assumption that the Life Participating Fund earns a long-term average return of 3.00% per annum in the future. Returns are illustrated based on estimated bonus rates that are not guaranteed. The actual benefit payable will vary according to the future performance of the Life Participating Fund. If cash benefits and cash bonuses are accumulated with us, the interest rate will be based on 1.50% per annum and it is not guaranteed.

© 2023 Income. All rights reserved.