Prestige Life Rewards 2

Wealth Accumulation

Prestige Life Rewards 2

A lifetime of rewards, a gift across generations

Great is protecting those you love and your hard-earned success.

 

Designed to help you achieve your dream retirement, and leave behind a legacy for your future generations, Prestige Life Rewards 2 safeguards the wealth you've built over the years - giving you and your family a future to look forward to.  

 

With just a one-time commitment in either Singapore Dollars or US Dollars1, you’ll enjoy a comprehensive suite of benefits that cover both lifetime payout and whole life protection against death and terminal illness.

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Enjoy a lifetime of rewards with Prestige Life Rewards 2 

With Prestige Life Rewards 2,  you can enjoy a lifetime of rewards.

Leave behind a legacy with Prestige Life Rewards 2

Leave behind a legacy and love for your future generations with Prestige Life Rewards 2.   

Key benefits

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Guaranteed monthly income for life

Enhance your retirement income with a guaranteed monthly income and a non-guaranteed cash bonus from the 4th  policy anniversary.  You can receive a total illustrated yield of up to 4.16% p.a.2  to fulfil your wealth accumulation goals.

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Guaranteed acceptance and hassle-free application

Enjoy easy planning as policy issuance is guaranteed with no medical underwriting.

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Attractive cash value with flexibility to manage your wealth

Be assured with at least 80% of your single premium in cash surrender value from Day 1 and enjoy the flexibility to receive monthly payout or accumulate it at the prevailing interest rate for higher returns.  

How Prestige Life Rewards 2 works

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Critical illness: To help pay for treatment expenses across three stages of illness - early, intermediate and critical - consider Critical Care Advantage.

 

Ultimate coverage against accidents: To enjoy the reassurance of up to S$3.5 million sum assured for permanent disability or death due to an accident, consider Prestige PACare.

 

Loss of income: To protect yourself against losing your monthly income because of illness or injury, consider Pay Assure

1 Please be aware that if the US Dollar is not your home currency, you will be exposed to foreign exchange volatility risk.

 

2 Based on the assumption that the life assured is at age 1 and the policy is surrendered at age 100, and that the policy is a plan in Singapore Dollars. The figure is illustrated based on assumption that the illustrated investment rate of return is at 4.75% p.a. At an illustrated investment rate of return of 3.25% p.a., the total illustrated yield is 3.12% p.a. The actual benefits payable will vary accordingly to the future performance of the participating fund.

 

3 The monthly payout will be paid at the end of each policy month, starting from the 4th policy anniversary i.e. the start of the 5th policy year.

 

* Upon death or diagnosis of terminal illness of the life assured, we will pay 105% of standard single premium plus bonuses (if any) less any indebtedness.

 

 The monthly payout consists of a guaranteed monthly income of S$676 and a non-guaranteed monthly cash bonus of S$811. The non-guaranteed cash bonus is illustrated based on the assumption that the illustrated investment rate of return of the participating fund is at 4.75% p.a. At 3.25% p.a. illustrated investment rate of return, the monthly payout is S$1025, of which S$676 is guaranteed monthly income and S$349 is non-guaranteed cash bonus. The actual benefits payable will vary accordingly to the future performance of the participating fund.

 

 The cash surrender value is based on the sum of guaranteed and non-guaranteed surrender value. The non-guaranteed surrender value is illustrated based on the assumption that the illustrated investment rate of return of the participating fund is at 4.75% p.a. Based on an illustrated investment rate of return of 3.25% p.a., the cash surrender value is S$573,957. The actual surrender value will vary accordingly to the future performance of the participating fund.

 

§ Refers to the end of policy year 45.

 

|| Total payout is based on the sum of the guaranteed monthly income and non-guaranteed cash bonus illustrated on an annual basis. The non-guaranteed cash bonus is illustrated based on the assumption that the illustrated investment rate of return of the participating fund is at 4.75% p.a. Based on an illustrated investment rate of return of 3.25% p.a., the total payout is S$504,136.

 

 The death benefit consists of guaranteed and non-guaranteed benefits. The non-guaranteed portion is illustrated based on the assumption that the illustrated investment rate of return of the participating fund is at 4.75% p.a. Based on the illustrated investment rate of return of 3.25% p.a., the death benefi t is S$747,370.

 

^ The figure is based on an illustrated investment rate of return of 4.75% p.a. Based on an illustrated investment rate of return of 3.25% p.a., the total benefit is S$1,251,506, up to 2.50x against single premium paid.

All ages specified refer to age next birthday.

 

This advertisement has not been reviewed by the Monetary Authority of Singapore.

 

Figures are rounded to the nearest dollar in the illustrations. This brochure 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.

 

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 benefi ts 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 29 November 2018.