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Retirement Planning:
If you are in your 30s to 40s...

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Put aside a little now versus a lot more later. Start small and grow your savings over time.

When you are in your 30s or 40s, retirement seems so far away that you can hardly imagine it. In fact, being too young to worry about it is one of the most common excuses people make to justify not starting to save earlier. Or perhaps you are too busy right now or feel that other financial priorities are more important.

All of this may be true. But when you are young you have something really important on your side: time. The earlier you start saving for retirement, every dollar you put towards your retirement contributes to your retirement funds in a big way. The longer the vesting period to grow your funds, the less effort is needed to save on your own.

This is why it is important to plan well – as early as you can.

Know your goals 30s to 40s

Plans to consider:

GREAT RETIRE INCOME

A plan to help you enjoy retirement with a monthly income stream when you decide to stop working

Secure a steady stream of cash payouts and potential cash bonuses every month. You can choose your retirement age, premium term and income period. Your capital is 100% guaranteed1 at your selected retirement age, plus you get coverage against Loss of Independence (LOI)2 benefits during the income period. Also, you are protected against Death, Total & Permanent Disability3 and Terminal Illness. Affordable premiums start at S$150 a month4 with no medical underwriting required.

Find out how GREAT Retire Income works.

GREAT WEALTH MULTIPLIER II

A plan to boost your savings with the benefit of multiplied returns

Multiply your savings by up to 7X the total annual premiums paid5. You can choose to withdraw your cash value to finance significant milestones or accumulate for higher potential returns. At the same time, you get coverage against Death6, Total & Permanent Disability7 and Terminal Illness for life8 – with no medical underwriting needed – and 100% capital guarantee9 from as early as the end of the 15th policy year for additional peace of mind.

 

Find our how GREAT Wealth Multiplier II works. 

At every age… Make your health a priority.

Consider all-round coverage for complete protection.

As you consider your retirement savings, it is important to think about ensuring you have planned for a holistic protection for hospitalisation, critical illness and disability. Not the nicest topic to think about, but it is important to bear these costs in mind as they can be very expensive, especially so as you grow older.

GREAT SupremeHealth, GREAT TotalCare and GREAT CareShield are health plans well-designed to give you access to the best possible medical treatments while managing costs. You’ll want to start considering your coverage against escalating health costs when you are young and healthy, and not when medical conditions start to appear.

Give your savings a good boost before you reach retirement age. Speak to your Great Eastern Financial Representative about your options – there may be more than you think!

 


PLAN YOUR RETIREMENT WITH US

Secure your great retirement with financial storyboard. Plan with our Financial Representative today!


Footnotes:

1 Capital guarantee is on the condition that no policy alterations are made.

2 Loss of Independence (LOI) income benefit is payable if the Life Assured, as certified by a medical practitioner, is unable without the continual physical assistance of another person to perform 2 or more Activities of Daily Living (ADLs). ADLs include washing, dressing, feeding, walking or moving around and transferring.

3 Protection against total and permanent disability is from the start of the policy till before the policy anniversary on which the Life Assured reaches the selected retirement age. Please refer to the product summary for details.

4 Based on a 20-year premium term, premium illustrated is rounded down to the nearest 10 dollar. Please refer to policy illustration for actual premium amount.

5 Potential returns are not guaranteed and are dependent on entry age, premium payment term and policy year when the plan terminates. The non-guaranteed benefits are illustrated based on the illustrated investment rate of return (IIRR) of the participating fund at 4.25% p.a.. Based on IIRR of 3.00% p.a., the multiplied returns is up to 4.4X. The actual benefits payable may vary according to the future performance of the participating fund

6 The company will pay the higher of the following in one lump sum, less any debt: (a) 110% of the total standard annual premium paid; or (b) the guaranteed surrender value, plus bonuses (if any).

7 Coverage for Presumptive Total and Permanent Disability (TPD) is for the whole of the policy term, while coverage for other forms of TPD is up till the policy anniversary on which the life assured is age 65. Presumptive TPD refers to a state of incapacity which is total and permanent and takes the form of total and irrecoverable loss of: (a) the sight in both eyes; or (b) the use of two limbs at or above the wrist or ankle; or (c) the sight in one eye and the use of one limb at or above the wrist or ankle. Please refer to the product summary for details on other forms of TPD.

8 This plan matures on the policy anniversary on which the life assured, named as at the inception of the policy, is age 120.

9 Capital is guaranteed after 15 policy years for 5-pay and 10-pay. Capital is guaranteed after 20 policy years for 15-pay.

Disclaimers:

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 these insurance plans 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.

Protected up to specified limits by SDIC.

Information correct as at 10 September 2021.

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Great Eastern Holdings Ltd | Great Eastern Life Assurance Co Ltd | Great Eastern General Insurance Ltd
Great Eastern Holdings Ltd | Great Eastern Life Assurance Co Ltd | Great Eastern General Insurance Ltd