Asian Wealth Prestige and Asian Wealth Prestige Plus

The flexibility to build, preserve and share your legacy

Asian Wealth Prestige and Asian Wealth Prestige Plus are designed for individuals who are seeking life insurance protection and potential cash value accumulation. Your financial circumstances and goals are unique to you. our Asian Wealth Prestige and Asian Wealth Prestige Plus policies also offer you the flexibility to customise it to address a range of needs in the event of your death:

  • Estate liquidity
  • Estate equalisation
  • Income for your family
  • Charitable giving
  • Legacy planning

Legacy planning can come in many forms. In a simple legacy creation illustrated below, Mr. & Mrs. Client, have approximately S$10million in estate assets. They would like to leave their children S$3million each, by drawing up a S$6million will. The remaining S$4million would then become their retirement funds.

In another scenario, the strategy is to purchase a life insurance policy on the life of either Mr. or Mrs. Client for S$5million, assuming that the single premium is S$1million. After putting aside a S$1million will for their children, Mr. and Mrs. Client will have S$8million to spend during their retirement, twice the amount they would have should they adopt the simple legacy planning as illustrated above. If this amount is not spent by Mr. and Mrs. Client, more will be left for their children or a charity of their choice.

Key features of Asian Wealth Prestige and Asian Wealth Prestige Plus

  • Guaranteed interest rate lock options available1
  • Multiple policy currency choices available2
  • Multiple no-lapse guarantee benefit periods available3
  • Option to convert to a longer no-lapse guarantee benefit period4
  • Charitable giving benefit at no additional cost
  • Accelerated death benefit at no additional cost
  • Option to request a change in eligible life insured
  • Option of multi-generational planning

To find out more about how we can assist you in succession planning, leave us your contact details, and a Treasures Relationship Manager will get back to you.

 

1 A guaranteed crediting rate and the guaranteed interest rate lock period are only applicable to the account value attributable to your first premium. Exit value adjustment (which is explained in note 9) may apply on early exit from guaranteed interest rate lock period for any reason. HSBC Insurance (Singapore) Pte. Limited (“The Company”) may change the availability of the options for new policies at any time without prior notice. A general non-guaranteed crediting rate will apply after the selected guaranteed interest rate lock period expires and where the guaranteed crediting rate does not apply, subject to a guaranteed minimum crediting rate. A guaranteed minimum crediting rate of 3% per annum applies for NLG policies denominated in USD; and 2% per annum for non-NLG policies denominated in GBP and USD. You can also opt for a guaranteed minimum crediting rate of 3% per annum for non-NLG policies denominated in USD by paying a higher Policy Expense Charge.

2 The Company may change the availability of the currency options at any time without prior notice. Each policy may only have one currency holding at any one time. A currency switch may be subject to an exit value adjustment (which is explained in note 9). A currency switch will terminate your chosen no-lapse guarantee benefit option, if any. The crediting rates applicable to your policy, including the guaranteed minimum crediting rate and the general non-guaranteed crediting rate, would be affected as well.

3 No-lapse guarantee benefit options are available only to single premium policies denominated in USD, conditional on meeting the no-lapse guarantee benefit. Minimum premium requirements apply.

4 A one-time option of conversion or addition is available for policies denominated in USD at any fifth policy anniversary and where the life insured’s age nearest birthday is between 50 and 80. You may need to pay the difference between the new no-lapse guarantee benefit minimum premium determined at the time of addition or conversion and the prevailing account value (if applicable). Such conversion or addition may be subject to additional policy expense charges. When the life insured’s age is between 75 and 80 and the one-time option has not been previously exercised, you may make an election at any policy anniversary that falls within this age range.