GREAT Wealth Advantage
GREAT Wealth Advantage 4 | Regular Premium Investment-linked Plan
Power up your investment portfolio on your terms
Getting ahead in life with your wealth goals is achievable with an investment plan in place. With a smarter investment strategy to grow your wealth on your terms, achieving your wealth goals comes with complete ease.
GREAT Wealth Advantage 4, a regular premium investment-linked plan, helps you achieve your wealth goals and provides a choice to pass on your legacy to your loved ones.
Get greater value on your investment with 100% of your basic regular premium invested from day one, plus up to 55% Welcome Bonus1 as well as Loyalty Bonus2 and Premium Bonus3 in the form of extra units. Plus, you will be protected against Death4, Total and Permanent Disability5 and Terminal Illness. Start investing now from just S$100 a month6!
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Key benefits
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Boost your investment with a Welcome Bonus1 of up to 55%
Invest 100% of your basic regular premiums paid from day one, plus a Welcome Bonus1 of up to 55% to jumpstart your investment.
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Freedom to build your wealth the way you want
Choose from three investment plans (Choice 5, Choice 10 or Choice 15). Grow your account value with Loyalty Bonus2 and Premium Bonus3 earned through continued investment.
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Customise your investment portfolio
Build your investment with our suite of professionally managed funds. You have the option to invest in our suite of dividend-paying funds7, including the GreatLink US Income and Growth Fund (Dis), which offers a potential dividend of ~7% p.a.**, distributed on a monthly basis. You can also choose to reinvest the dividends to maximise growth.
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Grow your legacy for the next generation
Enjoy the flexibility to transfer your policy ownership or change the life assured8 to your loved ones, so that your investment can continue to grow.
Your questions answered
GREAT Wealth Advantage 4 is a regular premium whole of life investment-linked plan (ILP) designed to meet your wealth accumulation needs. This plan also gives you access to professionally managed ILP sub-funds.
From day one, 100% of the basic regular premium which you pay will be used to create units in the funds and the value of the policy will vary directly with the performance of the funds.
GREAT Wealth Advantage 4 provides you with financial protection against death, total and permanent disability (TPD) and terminal illness.
- Welcome Bonus
Upon the receipt of each basic regular premium payable for the first policy year, we will pay a welcome bonus depending on the plan you have chosen (Choice 5, Choice 10 or Choice 15) as shown in the table below. The Welcome Bonus will be added to the policy’s account value in the form of extra units.
| Where the Annual Premium1 for the 1st policy year is | Percentage of each payment of basic regular premium for the 1st policy year to be paid as Welcome Bonus | ||
| GREAT Wealth Advantage 4 - Choice 5 | GREAT Wealth Advantage 4 - Choice 10 | GREAT Wealth Advantage 4 - Choice 15 | |
| S$1,200 to S$2,399.99 | Not Applicable | Not Applicable | 7.5% |
| S$2,400 to S$3,599.99 | Not Applicable | 5% | 15% |
| S$3,600 to S$5,999.99 | Not Applicable | 10% | 25% |
| S$6,000 to S$11,999.99 | 15% | 20% | 30% |
| S$12,000 and above | 30% | 40% | 55% |
1 “Annual Premium” refers to the total amount of basic regular premium(s) payable by the policyholder for a policy year based on annual premium frequency.
We will stop paying any Welcome Bonus if the policy is on premium holiday. We will pay the Welcome Bonus when you resume paying the basic regular premium payable for the first policy year.
- Loyalty Bonus
We will on an annual basis pay a Loyalty Bonus from such policy year depending on the plan you have chosen (Choice 5, Choice 10 or Choice 15) and the account value of the policy as at the end of that policy year, as set out in the table below, provided that there are no partial withdrawal(s) of the policy’s account value during the policy year for which the loyalty bonus is being paid for. The Loyalty Bonus will be added to the policy’s account value in the form of extra units.
| Plan | Loyalty Bonus to be paid annually from the end of the | Percentage of account value of the policy as at the end of the policy year to be paid as Loyalty Bonus |
| GREAT Wealth Advantage 4 – Choice 5 | 10th policy year | 0.30% |
| GREAT Wealth Advantage 4 – Choice 10 | 10th policy year | 0.30% |
| GREAT Wealth Advantage 4 – Choice 15 | 15th policy year | 0.30% |
- Premium Bonus
The Premium Bonus will be paid upon our receipt of each payment of the basic regular premium in respect of the policy years stipulated in the table below depending on your choice of plan. Payment of Premium Bonus is subject to all the basic regular premium being paid up to date and there are no partial withdrawal(s) of the account value during the 12-month period prior to the date on which the Premium Bonus will be paid. The Premium Bonus will be added to the policy’s account value in the form of extra units.
| Plan | Premium Bonus payable with each payment of basic regular premium from the start of | Percentage of each basic regular premium to be paid as Premium Bonus |
| GREAT Wealth Advantage 4 – Choice 5 | 6th policy year | 2% |
| GREAT Wealth Advantage 4 – Choice 10 | 11th policy year | 2% |
| GREAT Wealth Advantage 4 – Choice 15 | 16th policy year | 2%
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You can choose to invest in one or more of the GreatLink Funds. For the full list of funds available for your policy, you can refer to our website. Details of each fund can be found in their respective fund documents, which will explain the risk that is specific to each fund.
The following documents are also made available for you to better understand each fund:
· Prospectus/Fund Details/Fund Summary (where applicable);
· Product Highlights Sheet (PHS);
· Provider’s Factsheet;
· Semi-annual and Annual Reports; and
· Performance charts.
Please note that every fund or combination of funds has its own investment objectives, horizon, liquidity, and level of risk. You are advised to select fund(s) that match your risk profile, needs and preferences.
If you surrender your policy after the 14-day free-look period, you may lose part or all of the premiums paid. This is because the surrender value, if any, that is payable to you may be zero or less than the total premiums paid.
If you do not pay your premiums on time, your policy may lapse (after 30 days grace period) depending on the account value. If the policy has enough account value, your policy will be on premium holiday and fees and charges and premiums for any cash-paying riders due will continue to be deducted from the account value. If the account value is insufficient, the policy lapses. There will be no protection if your policy lapses.
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Understand the details before buying
1 The Welcome Bonus varies according to your choice of plans and the basic regular premium payable on an annual basis. 55% Welcome Bonus is applicable to GREAT Wealth Advantage 4 — Choice 15, with a minimum annual basic regular premium of S$12,000. The Welcome Bonus is payable in the form of extra units, upon receipt of each basic regular premium payable for the first policy year. It will not be paid while the policy is on premium holiday. Single premium top-ups are not eligible for Welcome Bonus.
2 The Loyalty Bonus varies according to your choice of plans. For GREAT Wealth Advantage 4 — Choice 5 and Choice 10, the Loyalty Bonus is payable annually from the end of the 10th policy year onwards and is equal to 0.30% of the account value as at the end of the policy year. For GREAT Wealth Advantage 4 — Choice 15, the Loyalty Bonus is payable annually from the end of the 15th policy year onwards and is equal to 0.30% of the account value as at the end of the policy year. The Loyalty Bonus is payable in the form of extra units. Payment of Loyalty Bonus for a policy year is subject to there being no partial withdrawals made in that policy year which the Loyalty Bonus is being paid for.
3 The Premium Bonus is 2% of the basic regular premium paid and it is payable from the 6th policy year (for GREAT Wealth Advantage 4 — Choice 5), 11th policy year (for GREAT Wealth Advantage 4 — Choice 10) and 16th policy year (for GREAT Wealth Advantage 4 — Choice 15). It is payable in the form of extra units, upon receipt of each basic regular premium payable. Payment of Premium Bonus is subject to all prevailing basic regular premiums being paid up to date and no partial withdrawals made in the 12 months preceding the date of payment of the Premium Bonus.
4 The Death Benefit will be payable in one lump sum as follows, if the life assured dies: (a) 101% of the total basic regular premiums paid plus 101% of the total single premium top-ups paid (if any), less 101% of the total amount of partial withdrawals (if any), including any partial withdrawal charges; or (b) the account value, whichever is higher, less any debt owed under the policy.
If the life assured is diagnosed with a Terminal Illness or Total and Permanent Disability, the Death Benefit will be paid in one lump sum.
5 For Total and Permanent Disability (TPD) that takes the form of total and irrecoverable loss of the sight in both eyes; the use of two limbs at or above the wrist or ankle; or the sight in one eye and the use of one limb at or above the wrist or ankle, coverage will be for the whole of the policy term. For other forms of TPD, it must occur before the policy anniversary on which the life assured is age 65. You are advised to refer to the policy contract for more details on the definition of TPD.
6 Applicable to GREAT Wealth Advantage 4 — Choice 15. The minimum premium varies according to your choice of plans.
7 The payment of dividends may reduce the net asset value of the fund which is used to calculate the fund value and the benefits payable under your policy. The dividend rate and frequency vary according to the chosen dividend paying funds. The dividend distributions are not guaranteed and are determined by the relevant fund manager in its absolute discretion.
8 You may request for a change in the life assured from the second policy year onwards while the policy is in force, up to two times during the policy term. This is subject to terms and conditions.
9 A premium holiday will occur when the basic regular premium due is unpaid after the grace period. When the policy is on premium holiday, the policy will continue to be in-force and we will continue to deduct the policy's fees and charges and premiums in arrears for any cash-paying riders attached to the policy from the account value. The policy will lapse when the account value is insufficient for the deduction of the policy's fees and charges and/or premiums in arrears for any attaching cash-paying riders. Please refer to the Product Summary for further details.
** The GreatLink US Income and Growth Fund (Dis) invests all or substantially into the Allianz Income and Growth Fund AM (H2-SGD) (the “Underlying Fund”), managed by Allianz Global Investors GmbH (“Manager”). The investment objective of the Underlying Fund is to provide long term capital growth and income by investing in corporate Debt Securities and Equities of US and/or Canadian equity and bond markets. The country of domicile of the Underlying Fund is Luxembourg.
Based on the past performance of the GreatLink US Income and Growth Fund (Dis), the fund has distributed dividends of ~7% p.a. since inception on 28 April 2023 to 30 June 2024, on a monthly basis. Dividend is not guaranteed. Historical dividend yield is not indicative of future dividend payouts. Past performance is not necessarily indicative of future performances. The Manager may make monthly distributions to investors provided that there is distributable income and/or capital gains for that period. Investors should note that the monthly distributions (if any), whether out of capital or otherwise, may have the effect of lowering the net asset value (NAV) of the ILP Sub-Fund. The Great Eastern Life Assurance Company Limited has the sole discretion to determine the dividend rate and frequency of the distribution.
All figures in the above illustrations are based on an Illustrated Investment Rate of Return (IIRR) of 8% p.a. and a fund management charge of 1.50% p.a. and are subject to rounding.
Based on an IIRR of 4% p.a.:
* The Loyalty Bonus payable at age 60 is S$1,511.
# The policy’s account value at age 65 is S$558,919.
^ The illustrated potential monthly dividend income is 3.5% p.a..
† The illustrated total monthly dividends received in a year is S$19,431 (Age 66), S$19,145 (Age 67), S$18,862 (Age 68), S$18,585 (Age 69), S$18,311 (Age 70), S$18,041 (Age 71), S$17,775 (Age 72), S$17,513 (Age 73), S$17,255 (Age 74), S$17,001 (Age 75), S$16,750 (Age 76), S$16,503 (Age 77), S$16,260 (Age 78), S$16,020 (Age 79) and S$15,781 (Age 80).
§ The total monthly dividends income is S$263,233.
‡ The surrender value at age 80 is S$447,133.
‖ The total illustrated benefits payable is S$710,366 (1.57x total premiums paid).
The two rates of return used (4% p.a. and 8% p.a.) are purely illustrative and do not represent lower and upper limits on the investment performance. The actual benefits payable will depend on the actual performance of the underlying assets of the funds. The performance of the funds is not guaranteed and the surrender value may be less than the total premiums paid.
All illustrated figures mentioned do not include any campaign Welcome Bonus.
All ages specified refer to age next 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.
Investments in this plan are subject to investment risks including the possible loss of the principal amount invested. Please refer to Fund Details and Product Highlights Sheet for the specific risks of the fund(s). Past performance is not necessarily indicative of future performance.
A Product Summary and a Product Highlights Sheet in relation to the fund(s) may be obtained through The Great Eastern Life Assurance Company Limited or its financial representatives. Potential investors should read the Product Summary and the Product Highlights Sheet before deciding whether to invest in the fund(s). Returns on the units of the fund(s) are not guaranteed. The value of the units in the fund(s) and the income accruing to the units, if any, may fall or rise.
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).
In case of discrepancy between the English and the Chinese versions, the English version shall prevail.
Information correct as at 19 September 2024.
