Prestige Life
An Enduring Legacy for Your Next Generation
We understand that you've worked hard over the years to achieve your level of success. Wouldn't it be great if you can enhance your retirement lifestyle and create an enduring legacy for the ones you love?
Let Prestige Life, a single premium whole life plan help you do just that. With just a one-time commitment, you can enjoy high guaranteed lifetime protection against the unpredictable and manage your wealth today.
- One-Time Commitment for Estate Creation and a Lifetime of Benefits
A 40-year-old professional who is married with children, wishes to create an immediate estate for his loved ones. He takes up a Prestige Life plan which will provide him with lifetime cover against death or total and permanent disability till age 65. With a one-time single premium of $53,583, he will enjoy an immediate coverage of $150,000, which is nearly three times his single premium. What's more, at age 75, his projected death benefit would have grown to $324,476, an amount that more than doubles his initial coverage1.
- Retirement Planning to Enhance Retirement Lifestyle
A 55-year-old retiree has $2 million in cash. He wishes to bequeath $1 million to his estate and utilises the remaining $1 million for his retirement. By purchasing Prestige Life with a single premium of $531,440 for a sum assured of $1 million, he has freed up additional funds of $468,560 ($1 million less $531,440) for his retirement. He can now enjoy his golden years with a total of $1.46 million worth of retirement funds, as compared to only $1 million previously. In addition, at age 75, his projected death benefit would have grown to $1.68 million1.
- Secure the Future for Your Next Generation
A father purchases a Prestige Life plan of sum assured $800,000, with a single premium of $84,056 for his newborn child. As the child grows, so does the accumulated cash values in the plan. The projected cash values would amount to $180,457 on the child's 21st birthday1.
A cash value of $90,228 can be partially surrendered2 from the plan for education funding, and the remaining sum assured of $400,000 can be preserved for continuous coverage and bonus accumulation. When the child turns 60, the projected cash value of $566,697 can be fully surrendered for his retirement needs in his golden years1.
- Keyman Compensation and Retention
One of the main human resource issues that business owners face is key executives compensation and retention. With Prestige Life as part of your employee benefit programme for key executives, cash values can be withdrawn to serve as a gratuity or performance bonus. Ownership of the plan can even be transferred as a retirement gift to valued employees for their loyalty.
Prestige Life also provides insurance coverage for key executives, which will offer much needed assurance to their families and your business should the unexpected occur during their employment with the company.
A One-Time Investment for a Lifetime of Benefits
Whether you are seeking a fuss-free one-time payment for insurance coverage, looking for a way to increase your retirement funds, planning the gift of a lifetime for your loved ones or rewarding loyal employees, Prestige Life can help meet all your protection and wealth management needs.
Note:
All ages stipulated refer to age at next birthday.
1 Projection is based on 5.25% p.a. investment rate of return. As the bonus rates used for the benefits illustrated above are not guaranteed, the actual benefits payable will vary according to the future experience of the Participating Fund.
2 Withdrawal can also be made in the form of a policy loan (subject to prevailing loan interest), surrender of bonuses or reduction in sum assured.
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The above is for general information only. It is not a contract of insurance. The precise terms and conditions of this insurance plan are specified in the policy contract.
Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable may be less than the total premium paid.
Policy Owners' Protection Scheme
This plan is protected under the Policy Owners' Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the Life Insurance Association (LIA) or SDIC websites (www.lia.org.sg or www.sdic.org.sg)
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