Prestige Life Rewards Series
Prestige Life Rewards Series
Build a lasting legacy of generational wealth
Designed to help you achieve your wealth goals and leave behind a legacy for your future generations, the Prestige Life Rewards Series of plans safeguards the wealth you’ve built over the years – giving you and your family a future to look forward to.
Have the flexibility by choosing to receive lifetime monthly payouts from as early as the 2nd policy year or from the 5th policy year but with a potentially higher policy value. Get covered against death and terminal illness for life – rest assured that your capital will be preserved for your future generations should the unfortunate happen.
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Key Benefits
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One-time commitment for a lifetime of payouts and a lasting legacy
With a single premium payment, you can grow your wealth and receive monthly payouts for life. When the time is right, you can transfer the policy ownership to your child to continue receiving the monthly payouts and support their future.
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Enjoy higher payouts from the 2nd policy year
Receive lifetime payouts from the 2nd policy year with Prestige Life Rewards 6 and get total monthly payouts of up to 3.35% per annum1 of the single premium paid. The first 12 monthly payouts are fully guaranteed, providing you with extra assurance.
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Your choice for a potentially higher inheritance amount
Enjoy a potentially higher policy value with Prestige Life Rewards 5A. Start your monthly payouts from the 5th policy year and receive total monthly payouts of up to 3.00% per annum2 of the single premium paid. Plus the assurance of a comfortable inheritance to be passed down to your next generation.
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Support your changing financial needs
As we prioritise your financial flexibility, we’ve made sure that whichever plan you decide on, you can enjoy liquidity via a guaranteed surrender value of 80% of the single premium paid from day one.
How Prestige Life Rewards 6 helps you achieve greater liquidity with lifetime payouts from the 2nd policy year
Let us match you with a qualified financial representative
Our financial representative will answer any questions you may have about our products and planning.
Understand the details before buying
1 Applicable to Prestige Life Rewards 6, the first 12 monthly payouts are fully guaranteed at 3.35% p.a. of the single premium paid. From the 3rd policy year onwards, based on an Illustrated Investment Rate of Return (IIRR) of the participating fund at 4.25% p.a., the guaranteed monthly payout is 1.25% p.a. and the non-guaranteed monthly payout is up to 2.10% p.a.. At an IIRR of 3.00% p.a., the non-guaranteed monthly payout is up to 1.08% p.a. of the single premium paid.
2 Applicable to Prestige Life Rewards 5A, based on an IIRR of the participating fund at 4.25% p.a., the guaranteed monthly payout is 1.25% p.a. and the non-guaranteed monthly payout is up to 1.75% p.a.. At an IIRR of 3.00% p.a., the non-guaranteed monthly payout is up to 0.88% p.a. of the single premium paid.
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.
* The figure comprises guaranteed and non-guaranteed benefits. Based on an IIRR at 3.00% p.a., the first 12 monthly payouts are S$1,396. From age 42 to age 65, the monthly payout is S$971. From age 65 to age 85, the monthly payout is S$777. The total monthly payouts received during Samantha's lifetime is S$471,228.
† The figure comprises total guaranteed and non-guaranteed surrender value. Based on an IIRR at 3.00% p.a., the lump sum benefit received upon partial surrender is S$92,551.
‡ The figure comprises total guaranteed and non-guaranteed death benefit. Based on an IIRR at 3.00% p.a., the total lump sum inheritance received by Samantha's family is S$446,633. The total benefits received by Samantha and her family is S$1,010,412 (2.02x of single premium paid).
As the bonus rates used for the benefits illustrated are not guaranteed, the actual benefits payable may vary according to the future experience of the participating fund.
All ages specified refer to age next birthday.
This advertisement has not been reviewed by the Monetary Authority of Singapore.
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.
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).
In case of discrepancy between the English and the Chinese versions, the English version shall prevail.
Information correct as at 10 January 2023.