Wealth Forever Plan

Start planning on growing your wealth for yourself and your future generations. Well Link Life's Wealth Forever Plan ('the Plan') provides lifelong protection, cash values and dividends. It helps you accumulate wealth, plan your legacy for your loved one and build a prosperous future.

Lifelong Protection and Long-Term Accumulation of Cash Values and Dividends

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 1st 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 3rd 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.


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 1st 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 3rd 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.


Dividend Lock-in Option to Lock the Potential Return

You may realise the potential return with the dividend lock-in option1 starting from the 5th 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

You may realise the potential return with the dividend lock-in option1 starting from the 5th 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

Flexible Withdrawal Option to Suit Your Financial Need

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 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. 

Death Benefit Increases Up to 120% of Total Premiums Paid

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.

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.

Unlimited change of Life Insured and Appointment of Contingent Insured for Legacy Planning

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.

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.

Grace period extension up to 365 days

We are always here to support you. Starting from the 2nd 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.

We are always here to support you. Starting from the 2nd 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.

Options of Premium Payment Term

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.

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.

Easy Application

Application procedure is simple with no health information. 

Application procedure is simple with no health information. 


Wealth Forever Plan

Product Type

Basic Plan

Premium Payment Term and Issue Age (on last birthday)

Premium Payment Term / Issue Age

Single Premium - Age 0 (15 days) to Age 80

2 years - Age 0 (15 days) to Age 80

5 years - Age 0 (15 days) to Age 75

12 years - Age 0 (15 days) to Age 70

Minimum Principal Amount*

USD 12,500

Benefit Term

Whole life

Premium Payment Mode

Single / Monthly / Annual

Policy Currency

USD

Annual Dividend

While the policy is in force, annual dividends (if any) will be payable annually from the 1st policy anniversary. Annual dividends are not guaranteed. You may elect to receive the annual dividends (if any) by one of the following dividend options:

Option 1: paid in cash

Option 2: leave with the Company for interest accumulation where the accumulation interest rate is non-guaranteed and may be determined by the Company from time to time.


Terminal Dividend

Terminal dividend (if any) shall be payable on or after the 3rd policy anniversary upon the first occurrence of any of the following events:

1) the death of the life insured and there exists no eligible contingent life insured; or 

2) the surrender of the policy 

Terminal dividend is paid once only and is not guaranteed. It shall be determined by the Company in its discretion.  


Death Benefit

Death Benefit shall equal to:

1. the higher of:

(a) 100% of the Total Premiums Paid plus 2% increment on each policy anniversary up to a maximum of 120% of the total premiums paid at the date of life insured's death, provided that if the life insured is covered by one or more than one of the Plan, the aggregate sum payable under such plan(s) shall be limited to the maximum amount of 100% of the total premiums paid under all such plan(s) at the date of the life insured's death plus USD62,500; or

(b) the guaranteed cash value at the date of life insured's death

plus

2. accumulated annual dividend and interest, if any; plus

3. terminal dividend, if any; plus

4. balance of dividend lock-in account and interest, if any; less

5. any indebtedness.

Surrender Benefit

Surrender value shall equal to:

1. guaranteed cash value at time of surrender; plus

2. accumulated annual dividend with interest, if any; plus

3. terminal dividend, if any; plus

4. balance of dividend lock-in account and interest, if any; less

5. any Indebtedness

Extended Grace Period Benefit

If the policyowner is made redundant or laid off after the Plan has been in effect for more than one year, he/she can apply for an extension of grace period to a maximum of 365 days1. The extended grace period benefit can be claimed once only under this Policy.

*Principal Amount is a reference figure used in benefit calculation of the Plan. It does not equal to death benefit

1. Standard grace period is 31 days.

Note:

1. This plan is underwritten by Well Link Life Insurance Company Limited.

2. The above content contains general information for reference only and does not form part of the policy. Please refer to the policy document for benefit coverage and exact terms and conditions.

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