Prestige Harvest II
Harvest Your Success For The Future
The wealth that you have created is achieved through many years of hard work. Your immediate priority is to ensure that your wealth and assets are preserved for yourself and your next generation while you enjoy the fruits of your labour.
Leave a Harvest of Wealth with Prestige Harvest II
Prestige Harvest II is a whole life, non-participating single-premium universal life plan denominated in US dollars1. It combines the benefits of high insurance protection2 with the potential for cash value appreciation. Ideal in meeting your needs for wealth preservation and distribution, Prestige Harvest II is also your path to an instant and professional estate plan.
Benefits at a Glance
- Create an immediate estate effectively
- Preserve your assets and wealth for your next generation
- Distribute your assets with ease
- Expand your retirement funds
- Ensure business succession and continuity
- Potential for stable cash value appreciation
- Flexibility to provide liquidity to manage life's uncertainties
How Prestige Harvest II Can Help
1. Create an Immediate Estate Effectively
The non-maturing policy provides you with high insurance coverage, giving you the assurance of a whole life death benefit as long as the account value is positive.
| If death occurs |
Benefits payable |
|---|
Before the policy anniversary immediately following the Life Assured's 121st birthday.
|
The higher of Sum Assured or Account Value3, after deducting any outstanding loans with accrued interest, is payable. |
| On or after the policy anniversary immediately following the Life Assured's 121st birthday. |
The Account Value (provided it is greater than zero), after deducting any outstanding loans with accrued interest, is payable. |
2. Accrue Interest Daily
Your premiums will accrue interest daily, after deducting the relevant sales, expense and monthly insurance charges4. Your Account Value will grow at a minimum guaranteed crediting rate of 3% p.a. for the initial single premium placement and 1% p.a. for subsequent single premium additions (if any). Great Eastern will determine the actual crediting rates in Prestige Harvest II but it will not be lower than the guaranteed crediting rates.
Note:
1 As Prestige Harvest II is a US dollar plan, the Singapore dollar return on this plan will depend on prevailing exchange rates which may be highly volatile. Please note that Prestige Harvest II is not a fixed deposit or equivalent to a fixed deposit.
2 The monthly insurance charge will be deducted from the Account Value and will vary according to the Net Sum Assured (defined as Sum Assured less Account Value) and Life Assured's gender, smoker status, country of residency at inception, age last birthday at the policy anniversary prior to the deduction date at the beginning of each policy month.
3 Account Value is the sum of the single premium and any single premium additions less deductions and any withdrawals plus accrued interest.
4 The sales and expense charge is 17.75% of single premium and 8% of single premium additions.
Product Enquiry
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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.
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 premium paid.
Policy Owners' Protection Scheme
This plan 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)
Crediting Rate