You work hard and save diligently for a better future. Wouldn’t it be great if you could make your money work even harder for you, by having a lifetime income stream, for use, as and when you need?
GREAT Lifetime Payout 2 is a participating whole of life plan that maximises your savings the smarter way, with the assurance of up to 3.28% per annum1 for a lifetime of monthly cash payouts. Your capital is 100% guaranteed after you’ve had the policy for 6 years2. You also have the flexibility to manage your payouts and policy value as your needs evolve.
It’s easy to start, with a short premium commitment of only 3 year, starting from S$10,000 a year and with no medical assessment required. Premiums can be paid with cash.
Grow your wealth and secure your lifetime income towards financial freedom today.
Start receiving your lifetime payouts from the 4th policy anniversary with guaranteed payout (up to 0.85% per annum)1 and non-guaranteed payout (up to 2.43% per annum)1 . Alternatively, choose to accumulate them for potentially higher returns3 .
Be assured of 100% capital guarantee from the end of the 6th policy year2 .
Receive a lump sum benefit in the event of your passing or contracting terminal illness to cover your expenses.
Talk to your Great Eastern distribution representative to see which insurance solutions are right for you. No Planner yet? Simply browse through our list of distribution representatives.
No. 17 & 18
Block B, Bangunan Habza
Simpang 150, Kampong Kiarong
Bandar Seri Begawan
1 For a Standard Annual Premium of S$30,000 and above:
Based on an Illustrated Investment Rate of Return (IIRR) of the Participating Fund at 4.25% p.a., the guaranteed payout is 0.85% p.a. and the non-guaranteed payout is up to 2.43% p.a. At an IIRR of 3.00% p.a., the non-guaranteed payout is up to 1.34% p.a. of the total annual premiums paid.
For a Standard Annual Premium below S$30,000:
Based on an IIRR of the Participating Fund at 4.25% p.a., the guaranteed payout is 0.80% p.a. and the non-guaranteed payout is up to 2.35% p.a.. At an IIRR of 3.00% p.a., the non-guaranteed payout is up to 1.24% of the total annual premiums paid.
The actual benefits payable may vary according to the future experience of the Participating Fund.
2 Capital guarantee is on the condition that premiums are paid by annual mode and no policy alterations are made.
3 The prevailing accumulation interest rate is 2.50% p.a. based on an IIRR of 4.25% p.a. and 1.00% p.a. based on an IIRR of 3.00% p.a.. This rate is not guaranteed and can be changed from time to time.
All figures in the above illustration are based on an IIRR of the participating fund at 4.25% p.a. and are subject to rounding.
* Based on an IIRR of 3.00% p.a., the payout per month from age 54 is S$164.25 (S$100.50 is non-guaranteed).
† The total amount upon surrender 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 an IIRR of 3.00% p.a., the total monthly payouts received by Michelle is S$11,826 and the total amount upon surrender is S$92,235.
‡ The total benefit received by Michelle’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. Based on an IIRR of 3.00% p.a., the total monthly payouts received by Michelle is S$61,101 and the total benefit received by Michelle’s family is S$99,399.
Interest earned on the unpaid month cash bonus is accumulated at 2.50% p.a. and 1.00% p.a. based on an IIRR of 4.25% p.a. and an IIRR of 3.00% p.a. 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.
All ages specified refer to age next birthday.
All figures used are for illustrative purposes only and are subject to rounding.
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.
As buying a life insurance policy is a long-term commitment, an early termination of the policy usually involves high costs and the surrender value, if any, that is payable to you may be zero or less than the total premiums paid.
In case of discrepancy between the English and Chinese versions, the English version shall prevail.
This policy 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).
Information correct as at 22 February 2022.