How Invest Flex helps you grow your wealth and secure a legacy for your next generation
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How Invest Flex helps you grow your wealth and secure a legacy for your next generation
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Mr Lee, age 45, non-smoker, is a business owner and a father to his 5 years old daughter, Alice. He is looking for an investment-linked plan to help grow his wealth and to leave a legacy for his child.
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45 years old
He signs up for Invest Flex plan with a Minimum Investment Period (MIP) of 10 years and an annual premium of$10,000. He appoints his daughter Alice as the secondary insured1. He receives an investment bonus of 25% of his regular premiums to purchase additional units (Total investment bonus received:$2,500).
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50 years old
Mr Lee’s business is not doing well, and he has difficulty paying his premium. Hence, he takes a premium holiday2 of 12 months at no charge before his business improves.
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56 years old
After 10 years of payment, Income invests 102% of his annual premium.
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66 years old
Mr Lee assigns the policy’s ownership to Alice, age 26. Alice continues to pay the annual premium, and Income invests 105% of her annual premium.
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75 years old
Mr Lee passes away, and the policy continues with Alice as the insured. Alice decides to do a partial withdrawal of$50,000 from the policy to use the money and further her studies. Total illustrated policy value after partial withdrawal:$782,8664 (Non-guaranteed and illustrated at investment return of 8.00% p.a.).
Policy fees and charges apply. Please refer to the policy conditions for further details.
The above figures for illustrative purposes only, are non-guaranteed and rounded to the nearest dollar.
Should the illustrated investment rate of return be 4.00% p.a., the illustrated policy value would be $93,6335 at Mr Lee’s age of 55 and $374,6885 after the partial withdrawal of $50,000 at Mr Lee’s age of 75. Should there be insufficient units to pay for policy fees and charges, the policy may end prematurely after MIP.
IMPORTANT NOTES
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.
2If the policyholder still has not paid the premium after the grace period, the policy will enter into a premium holiday. During this premium holiday, the policyholder can stop paying the premium provided the policy value is able to cover the fees and charges that continue to be due on the policy. The premium holiday charge may be payable during the premium holiday if it is within the MIP. From the 5thpolicy anniversary, the policyholder can take a premium holiday without any premium holiday charge up to the specified period according to the MIP selected. Please refer to the policy conditions for further details.
3The loyalty bonus will be provided on the next working day from the 10thpolicy anniversary. The loyalty bonus is a percentage of the policy value based on the anniversary. It will be used to invest in the funds the policyholder have chosen. The policy must meet all the following conditions to receive the loyalty bonus:
- The policy must not have ended when the loyalty bonus is provided.
- The policyholder did not make any withdrawal, except withdrawal under life events withdrawal benefit, for the past 12 months before the date of the loyalty bonus payment.
4This figure is based on illustrated investment return of 8.00% per annum. The rate of return used is before deducting the annual management fees of the funds. The figures above assumes that the annual management fee is 1.30% p.a. The performance of the funds is not guaranteed and the policy value may be less than the capital invested.
5This figure is based on illustrated investment return of 4.00% per annum. The rate of return used is before deducting the annual management fees of the funds. The figures above assumes that the annual management fee is 1.30% p.a. The performance of the funds is not guaranteed and the policy value may be less than the capital invested.
