Prestige Legacy Index
Prestige Legacy Index | Universal Life Legacy Solution
Build timeless value of your legacy with lifetime protection
Life is full of twists and turns. You’re successful today because you’ve made the most of them, safeguarding the life you’ve created while nurturing opportunities to their fullest potential.
Prestige Legacy Index is designed to grow your wealth without compromising what you’ve already built. Offering the best of both worlds, this US dollar-denominated1 universal life plan combines potentially higher growth through participation in market indices while limiting your risk exposure during market downturns. You are also assured of lifelong protection against death and terminal illness, ensuring your loved ones are always taken care of.
Prestige Legacy Index empowers you to build new horizons from current successes - so you can protect what matters and create a substantial legacy for generations to come.
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Key Benefits
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Lifetime protection of up to 10 times2 the premium paid
Invest with either a single or flexible premium3 to create an immediate estate and enhance your legacy for future generations. The non-lapse guarantee4 provides added security by ensuring your protection remains in place during the first five policy years, regardless of market performance, enabling your investment to achieve its full growth potential.
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Potential growth with protection from market volatility
Based on your risk tolerance and financial aspirations, you can choose from 4 premium apportionment options between the Index Account and Fixed Account:
Option 1
Option 2
Option 3
Option 4
Premium options
Single premium or flexible premium3
Flexible premium3
Index Account
100%
75%
50%
0%
Fixed Account
0%
25%
50%
100%
· Index Account: Enjoy higher potential returns5 with the assurance of a guaranteed minimum floor rate of 0% p.a. to safeguard your account from market downturns.
· Fixed Account: Benefit from a guaranteed crediting rate of 4.20% p.a. for the first year. Thereafter, the rate will be based on the prevailing rate determined by Great Eastern, with a guaranteed minimum crediting rate of 2.00% p.a..
Additionally, gain extra peace of mind knowing your policy is protected against market downturns; if you choose to surrender6 your policy, the higher of the minimum surrender value7 or account value will be paid out.
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Flexibility to adapt to your life’s changing needs
You have the option to:
• Choose from single premium or flexible premiums3 for 5 or 10 years to match your financial commitment.
• Spread the net premium allocated to the Index Account over 12 months to smoothen the impact of market fluctuations for a more stable long-term return if you opt-in for the automatic premium spread feature.
• Adjust your premium apportionment or rebalance the account values between the Fixed Account and Index Account through the account reallocation feature8 to align with your changing risk appetite.
• Access your cash value through the partial withdrawal9 feature or surrender6 the policy whenever needed.
• Extend the policy’s benefits by changing the life assured10 and pass the policy on to the next generation.
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Understand the details before buying
1 Please be aware that if the US Dollar is not your home currency, you will be exposed to foreign exchange volatility risk.
2 Based on the illustration of a 40-year-old male, non-smoker, with a standard risk class and a sum assured of USD 0.5 million for a single premium policy. The premium payable varies based on the life assured’s age at entry, gender, smoker status, country of residency at inception, underwriting risk class, sum assured and premium apportionment mix.
3 Flexible premiums refer to the planned premium amount payable during the selected premium payment term of 5 or 10 years. The initial planned premium as shown in the policy illustration must be paid before the policy is issued. Subsequent premium payments can be made at any time and with any amount, subject to approval and the amount meeting the minimum premium requirement. Please refer to the policy illustration and product summary for more details.
4 For single premium policies, the non-lapse guarantee feature is only applicable for the first 5 policy years provided that no partial withdrawals are made and is no change to the life assured. For flexible premium policies, the non-lapse guarantee feature is only applicable for the first 5 policy years provided that no partial withdrawals are made, there is no change to the life assured, there is no reduction in basic sum assured, no policy loan is taken, and the minimum premium requirement is paid to date during the non-lapse guarantee period.
5 The crediting rate for the Index Account is calculated based on the performance of the underlying index, subject to the applicable floor and cap rates, plus a loyalty crediting rate (if any). The cap rate will not go below 3.00% p.a.. Please refer to the policy illustration and product summary for more details.
6 Subject to surrender charges for the first 15 policy years for a single premium policy and first 18 policy years for a flexible premium policy.
7 Upon full surrender, we will pay either (a) the minimum surrender value; or (b) the account value less any surrender charges, whichever is higher, less any outstanding debts. The minimum surrender value is determined based on the accumulation of net premium (premium payable less premium charge) received with interest accrued daily based on the crediting rate of 2% p.a., less deduction of any monthly deductions, any partial withdrawal amount and any partial withdrawal charges, and surrender charges (where applicable).
8 For single premium polices, you can apply for the change of premium apportionment and account reallocation features only from the 3rd policy year onwards and before you reach age 100. For each feature, each request must be 2 years apart.
For flexible premium policies, you can apply for the change of premium apportionment and account reallocation features only from the 3rd policy year onwards and before you reach age 100, provided the policy is not within the grace period.
9 Subject to applicable terms, conditions and partial withdrawal charges. For partial withdrawals made during the first 10 policy years for single premium policies, and partial withdrawals made from the 3rd to 10th policy year for flexible premium policies, the basic sum assured and account value will be reduced by the partial withdrawal amount and the partial withdrawal charges.
Starting from the 11th policy year, you can enjoy the flexibility of withdrawing up to 5% of the policy's account value annually without the basic sum assured being reduced.
From the 11th to the 15th policy year for single premium policies and from the 11th to the 18th policy year for flexible premium policies, partial withdrawal charges shall apply if the amount withdrawn is in excess of 5% of the policy's account annually. If the partial withdrawal amount made is in excess of the 5% of policy's account value annually from the 11th year onwards, the basic sum assured will be reduced by the partial withdrawal amount that is in excess.
10 This is only allowed for single premium policies with no premium financing, and flexible premium policies when planned premiums have been fully paid. Acceptance of the new life assured is subject to underwriting. Other terms and conditions apply.
All ages specified refer to age last birthday.
All figures used are for illustrative purposes only and are subject to rounding.
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.
In case of discrepancy between the English and the Chinese versions, the English version shall prevail.
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).
Information correct as at 23 May 2025.