Wealth Management
You have worked hard to accumulate your wealth, and as a result, you know that life may not always be smooth sailing. You understand that wealth management and wealth transfer are integral to your financial planning so that your family’s lifestyle will not be compromised even, and especially during life’s uncertainties.
AIA offers a series of wealth solutions that help you plan your enduring legacy, as well as share it with the generations to come. To learn more about other wealth and investing solutions from AIA, visit Money Mentor today.
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Wealth Management
Give your family financial security for generations to come
AIA Platinum Generations is a US$ limited pay participating whole life plan offering a lifetime of valuable insurance protection, with premium payments spread over just 10 years.
You will receive regular cash payouts in the form of guaranteed coupons every year starting from the end of the 10th policy year, and you may also earn Annual Dividends and a one-time Terminal Dividend. The regular cash payouts and Annual Dividends may be taken as cash – to spend as you wish - or left with AIA to earn interest, offering the potential for long term growth. By paying 10 years of premiums, you could create a valuable legacy for generations to come.
Important Notes:
This is a US dollar plan. The return on this policy in other currencies will depend on prevailing exchange rates, which may be highly volatile.
This insurance plan is underwritten by AIA Singapore Private Limited (AIA). All insurance applications are subject to AIA’s underwriting and acceptance.
This is not a contract of insurance. The precise terms and conditions of this plan, including exclusions whereby the benefits under this plan will not be paid out, are specified in the policy contract. You are advised to read the policy contract. Only terms and conditions set out in the policy contract are binding.
Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable may be less than the total premiums paid.
The information is correct as at October 2010.
Pay for just 10 years to enjoy a whole lifetime of protection
Premium payments are limited to just 10 years, but protection benefits are offered throughout the whole of the Insured’s life (or up to age 100 at which time the policy would automatically mature and the Maturity Benefit would be paid). You may choose an Insured Amount up to US$7.5million which could provide for the family in the event of the Insured’s untimely demise, or provide a valuable legacy for the next generation.
Annual guaranteed cash payouts to spend as you wish
Receive guaranteed coupons equal to 3% of the Insured Amount every year starting from the end of the 10th policy year. Coupon payments are made in cash to spend as you wish. Alternatively, you may leave the coupons deposited with AIA to earn interest. The rate of interest earned is non-guaranteed and is subject to change.
Potential to earn higher returns
You may earn additional returns each year in the form of Annual Dividends, and a one-time Terminal Dividend. As a participating policy, AIA Platinum Generations dividends are linked to the performance of the Participating Fund (“Par Fund”) and are not guaranteed. Dividends are first credited to your policy after your second full premium payment, after which you may withdraw them at any time. As with coupon payments, you have the option of leaving your dividends deposited with AIA to earn a non-guaranteed rate of interest, enhancing the overall cash value of the policy.
Additional protection against total and permanent disability (TPD)
If the Insured is totally and permanently disabled before the policy anniversary following the Insured’s 65th birthday, we will make an accelerated benefit payment equal to the Insured Amount of the TPD benefit up to a maximum of US$2.5million1.
1 This benefit is only payable provided the disability has continued for a period of 12 consecutive months and is total, continuous and permanent at the end of this period. We will pay you in one lump sum the Insured Amount of the Lump Sum TPD benefit Supplementary Agreement, less any accelerated benefit and amounts owing to us. The maximum TPD benefit amount payable per life is US$2.5million or its equivalent. This limit is aggregated among all the policies which the policyholder may own with AIA and such limit may be changed at AIA’s discretion.
Important Notes:
This is a US dollar plan. The return on this policy in other currencies will depend on prevailing exchange rates, which may be highly volatile.
This insurance plan is underwritten by AIA Singapore Private Limited (AIA). All insurance applications are subject to AIA’s underwriting and acceptance.
This is not a contract of insurance. The precise terms and conditions of this plan, including exclusions whereby the benefits under this plan will not be paid out, are specified in the policy contract. You are advised to read the policy contract. Only terms and conditions set out in the policy contract are binding.
Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable may be less than the total premiums paid.
The information is correct as at October 2010.
How the plan may benefit three generations
Generation 1 – YOU (as policyholder)
You purchase the policy on the life of your child and pay 10 years of premiums to ensure that your child enjoys lifelong insurance protection. You may also benefit from Annual Dividends throughout the life of the policy. And annually from the end of the 10th policy year, you will receive a guaranteed cash payout of 3% of the Insured Amount.
Generation 2 – YOUR CHILD (as Insured)
Your child will enjoy lifelong insurance protection. You could choose to assign the policy to your child any time after he reaches the age of 21, in which case your child would enjoy the annual cash payouts and any dividends.
Generation 3 – YOUR GRANDCHILD (as the Insured’s beneficiary)
At the end of your child’s lifetime, your grandchild would receive the Death Benefit, comprising of the Insured Amount on the Basic Policy, plus any accumulated Annual Dividends, any Terminal Dividend, coupons left with AIA, and any accumulated interest, after deducting any amounts owing to us.