Wealth Forever Plan

The Plan offers whole life protection, guaranteed cash value, non-guaranteed annual dividend and non-guaranteed terminal dividend. This helps you accumulate long term return and achieve your financial goals.

The Plan is a participating policy and offers annual dividend starting from the 1^st policy anniversary. Annual dividend is not guaranteed and is determined by the Company at its discretion. You may choose to cash out the annual dividends (if any) or leave with the Company for accumulation with interest (accumulation interest rate is non-guaranteed and may be determined by the Company from time to time.).

Starting from the 3^rd policy anniversary, a one-off terminal dividend will be payable upon the death of the life insured while there exists no eligible contingent life insured or policy surrender (whichever earlier). Terminal dividend is not guaranteed and is determined by the Company at its discretion.

You may realise the potential return with the dividend lock-in option¹ starting from the 5^th policy anniversary to convert a percentage (“lock-in percentage”) of terminal dividend to be transferred to dividend lock-in account for future cash withdrawal or to leave with the Company to accumulate interest². The lock-in percentage for conversion is capped at 20% per policy year plus the additional dividend lock-in allowance as follows:

   i) a percentage equivalent to the medical expenses incurred by the policyowner or the life insured provided that such expenses are certified by physician to be medically necessary; or

ii) 20% additional lock-in percentage for conversion:

if the policyowner or the life insured is diagnosed with a designated critical illness³; or 

if the policyowner or the life insured suffers from permanent loss of sight of both eyes; or

if the policyowner or the life insured suffers from loss of two limbs or permanent total loss of use of two limbs; or

if the policyowner or the life insured suffers from permanent loss of sight of one eye; and loss of one limb or permanent total Loss of use of one limb

^{1. Any future annual dividend and terminal dividend will decrease accordingly to the lock-in percentage after exercising dividend lock-in option. When the lock-in percentage reach 100%, future annual dividend and terminal dividend declaration shall become zero (0). Once the dividend lock-in option is exercised, the request for exercising such option cannot be withdrawn. No converted terminal dividend will be allowed to be reversed back.}

^{2. The current accumulation interest rate is 4.25% p.a. which is non-guaranteed. The Company reserves the right to review and adjust this interest rate from time to time.}

^{3. Designated critical illnesses include Cancer, Cardiomyopathy, Coronary Artery Surgery, Heart Attack, Heart Valve Replacement and Repair, Infective Endocarditis, Other Serious Coronary Artery Disease, Primary Pulmonary Arterial Hypertension, Surgery to Aorta, Alzheimer's Disease / Irreversible Organic Degenerative Brain Disorders, Apallic Syndrome, Bacterial Meningitis, Benign Brain Tumour, Coma, Encephalitis, Hemiplegia, Major Head Trauma, Meningeal Tuberculosis, Spinal Muscular Atrophy, Progressive Bulbar Palsy, Amyotrophic Lateral Sclerosis, Primary Lateral Sclerosis, Multiple Sclerosis, Muscular Dystrophy, Paralysis, Parkinson's Disease, Poliomyelitis, Progressive Supranuclear Palsy, Severe Myasthenia Gravis, Stroke, Acute Necrohemorrhagic Pancreatitis, Aplastic Anaemia, Chronic Liver Disease, Chronic Relapsing Pancreatitis, End Stage Lung Disease, Fulminant Viral Hepatitis, Kidney Failure, Major Organ Transplantation, Medullary Cystic Disease, Systemic Lupus Erythematous with Lupus Nephritis, Systemic Scleroderma, Blindness, Chronic Adrenal Insufficiency (Addison's Disease) , Creutzfeldt-Jakob Disease, Crohn's Disease, Ebola, Elephantiasis, HIV due to Blood Transfusion, Loss of Hearing, Loss of One Limb and One Eye, Loss of Speech, Loss of Two Limbs, Major Burns, Medically Acquired HIV Infection, Necrotising Fasciitis, Occupationally Acquired HIV, Pheochromocytoma, Severe Rheumatoid Arthritis, Severe Ulcerative Colitis, Loss of Independent Existence (Age 18-64), Total and Permanent Disability (Age 18-64) , Terminal Illness}

To facilitate your financial needs, you may choose to withdraw cash from the dividend lock-in account. Balance left with the Company under dividend lock-in account shall accumulate with interest. Accumulation interest rate is non-guaranteed and may be determined by the Company from time to time. 

To protect your loved one, a death benefit will be paid to the beneficiary upon the death of life insured while the Plan is in force.

The death benefit equal to 100% of total premiums paid when the policy begins to be effective, and will be increased by 2% on each policy anniversary up to a maximum of 120% of total premiums paid⁴, or the guaranteed cash value (whichever is higher), plus the accumulated annual dividend and interest (if any), terminal dividend (if any) and balance of dividend lock-in account and interest (if any).

If there exists eligible contingent life insured, you can request to change contingent life insured to new life insured upon the death of existing life insured. Upon approval by the Company, the policy value will remain the same and will be accumulated continually, while no death benefit shall be payable.

^{4. If life insured is covered by one or more policies under the Plan, the aggregate sum of total premiums paid for each life insured should not exceed 100% of total premiums paid of all policies under the Plan as at the date of life insured's death plus USD62,500.}

The Plan offers unlimited change of life insured⁵ after the first policy anniversary to allow flexibility in legacy planning and pass your wealth to the next generation.

During the lifetime of the existing life insured, you may appoint a contingent life insured⁶ anytime. In the event of the passing away of existing life insured, eligible contingent life insured will become the new life insured upon Company approval. The policy value remains the same and will be accumulated continually and passed to next generations.

^{5. The proposed new life insured must be between age 15 days and age 80 and his / her age is not higher than existing life insured.}

^{6. The contingent life insured must be between age 15 days and age 80 and his / her age is not higher than existing life insured at the time of appointment.}

We are always here to support you. Starting from the 2^nd policy year, if the policyowner is made redundant or laid off, he/she can apply for an extension of grace period up to a maximum of 365 days.

There are 4 options of premium payment terms for your selection: Single Premium, 2-year, 5-year or 12-year. You can plan your financial budget at ease.

Application procedure is simple with no health information.