Life Protection PRESTIGE TERM. Your million dollar assurance

Transcription

1 Life Protection PRESTIGE TERM Your million dollar assurance

2 Protect all that matters in your life Prestige Term and Prestige Term Plus plan protect all that make up the great life you have spent years building from your family, to your business and more.

3 Great is having all that you ve accomplished protected. With Prestige Term and Prestige Term Plus, we make sure your achievements are protected because we believe realising your dreams, even in an unpredictable world, is the best way to LIVE GREAT! A million dollar assurance to secure financial protection When providing long-term financial security for your loved ones and assets, Prestige Term and Prestige Term Plus are all you need to focus on the things that really matter. This high-value insurance plan offers you the essentials to safeguard your assets and your family during unforeseen circumstances.

4 Benefits of having a million dollar assurance Protecting your family While enjoying the rewards of the wealth you've built over the years, there's nothing more gratifying than the assurance that those dearest to you will always have the best and be well looked after. Whether it is for protecting your current income, sending your child for overseas education or maintaining your current lifestyle, Prestige Term and Prestige Term Plus ensure your family's needs are covered should the unexpected happen. With Prestige Term, you can enjoy peace of mind with a high-value protection coverage of S$1 million or more. In addition, you may extend your coverage for Total and Permanent Disability 1 and Terminal Illness with Prestige Term Plus. Protecting your business As a business owner, you want to ensure that the company you have built will continue for generations to come. It is essential to safeguard your efforts with a contingency plan to cope with any unexpected interruption. Prestige Term and Prestige Term Plus are tools you can use to help ensure the uninterrupted success and continuity of your business by preparing for the following circumstances: Loss of a key executive The loss of a key executive could potentially translate to disruption in your business, which may affect cash flow. The insurance proceeds from Prestige Term or Prestige Term Plus will provide you with a lump sum payout to help tide your business over while you search for the right replacement. Loss of a business partner The demise of a business partner will result in a transfer of business ownership to his beneficiaries who may not be suitable or interested in running the business. Instead of liquidating your personal assets to raise capital, let Prestige Term or Prestige Term Plus provide you with the required funds to buy over your partner s shares. 1 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: (a) total and irrecoverable loss of sight in both eyes; or (b) total and irrecoverable loss of use of two limbs at or above the wrist or ankle; or (c) total and irrecoverable loss of sight in one eye, and total and irrecoverable loss of use of one limb at or above the wrist or ankle Please refer to the product summary for details on other forms of TPD. Subject to a maximum TPD Benefit of S$5,000,000 on all policies and riders issued by the Company on the same Life Assured.

5 Prestige Term and Prestige Term Plus offer you: Choice of policy term Enjoy flexibility to select any policy term starting from 5 years or coverage till age 85. Choice of riders For more comprehensive coverage, add supplementary riders to protect against accidents, hospitalisation and disability. How it works: Meet David David is a 40-year-old businessman, who is a co-owner of a Small-Medium Enterprise. He has a family with young children and had recently bought a condominium. David s needs: In the case of an unforeseen event, he wishes to: 1. Ensure his family s lifestyle is not compromised 2. Protect the continuity of his business David s solution: For a peace of mind, he decides to take up the following Prestige Term Series: 1. Prestige Term Plus for family protection S$2 million coverage over 20 years at a premium of S$2,320 per year 2. Prestige Term for business protection S$4 million coverage over 20 years at a premium of S$3,880 per year Profile: Age 40, Male, Non-smoker David Prestige Term Plus Death Total and Permanent Disability 1 Terminal Illness Family Protection S$2 million Business Protection S$4 million Prestige Term Death Total Death Protection = S$6 million

6 Great Eastern Singapore s Leading Life Insurance Group Founded in August 1908, Great Eastern has been at the forefront of Asia s insurance industry, providing financial security and peace of mind to millions. A trusted brand, we continue to grow from strength to strength in an everchanging increasingly competitive landscape. With over S$70 billion in assets and around 4 million policyholders, we have three successful distribution channels - a tied agency force, bancassurance, and a financial advisory firm, Great Eastern Financial Advisers. The Group also operates in Malaysia, Indonesia and Brunei, with a presence in China, and a representative office in Myanmar. Great Eastern is a subsidiary of OCBC Bank, the second largest financial services group in Southeast Asia by assets and one of the world s most highly-rated banks, with an AA1 rating from Moody s. Complete peace of mind as you safeguard your assets with Prestige Term Start a conversation with your Great Eastern Financial Representative today and find out how we provide you with a million dollar assurance for your future generations. Call Visit greateasternlife.com to wecare-sg@greateasternlife.com All ages specified refer to age next birthday. Figures illustrated are rounded down to the nearest dollar. This advertisement has not been reviewed by The Monetary Authority of Singapore. 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 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 ( or Information correct as at 16 November The Great Eastern Life Assurance Company Limited (Reg. No G) 1 Pickering Street, #01-01 Great Eastern Centre, Singapore PTP / Ver 2.0 /