Singlife, a leading financial services company, has introduced Singlife Legacy Invest, a new investment-linked plan (ILP) that allows customers to tailor their coverage duration and premium payment terms. This plan offers coverage terms of 10, 15, 20, or 25 years, with payment options ranging from a lump-sum to regular payments over 3, 5, or 10 years. Customers can also extend coverage to age 100, providing flexibility for retirement or legacy planning.
The plan is designed to maximise investment growth by featuring monthly charges for a fixed period without insurance charges for death and terminal illness coverage. It includes bonuses such as a welcome bonus, special booster, loyalty bonus, and maturity bonus to enhance investment returns. Helen Shen, Group Head of Products at Singlife, stated, “Singlife Legacy Invest offers a refreshing approach to investment-linked plans, empowering customers to choose their premium payment terms and coverage duration to align with their financial goals.”
Additional features of Singlife Legacy Invest include the option to invest in Singapore Dollars or US Dollars, penalty-free partial withdrawals for key life events, and regular withdrawal options to support retirement income. The plan also provides coverage against death and terminal illness and allows for policy continuity by designating a secondary life assured.
Singlife Legacy Invest aims to support customers in growing their wealth and building a lasting legacy, offering access to a diverse selection of funds, including those typically reserved for accredited investors. This new offering underscores Singlife’s commitment to providing flexible financial solutions tailored to individual needs.
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