Many of us would like to think we could stop working before the statutory retirement age. But how do you make sure that you’re covered financially to enjoy a long and comfortable life? With careful planning the golden years can be just that.
It’s never too early to start thinking about your retirement. The combination of longer life expectancies, rising medical bills, and higher cost of treatment in old age means your savings are going to need to stretch further. Ask yourself the following questions to guarantee a happy retirement.
Do you sometimes feel that saving a small amount is not going to get you anywhere? If so, you will be glad to know that what you save today can go a long way towards giving yourself and your loved ones a better future.
Great Wealth Accumulator 3 is an endowment plan that is not only affordable but a smart way towards wealth accumulation. With it, you get to enjoy a regular stream of cash along the way. That’s not all. This plan also protects you against the unexpected.
Longer coverage, limited premium term
Take advantage of the limited premium payment term (20 years) to enjoy long-term savings & coverage up to Life Assured’s age 70 years next birthday.
Guaranteed Survival Benefits
Receive payout of 3.8% of the Basic Sum Assured every 2 years during premium payment term & thereafter 3.8% of the Basic Sum Assured yearly
Cash Bonuses to top it off
You may also receive non-guaranteed Cash Bonus to boost your savings further – use this extra cash to meet any immediate financial objectives.
Maturity benefit:
At the end of your policy term, you will receive a lump sum payment consisting 160% of the Basic Sum Assured, Survival Benefits (including any accumulated Survival Benefits), Cash Bonus (including any accumulated Cash Bonus), and Terminal Bonus.
More assurance with Additional Sum Assured:
From the 2nd policy year onwards, your coverage will grow incrementally up to 200% of your Basic Sum Assured, depending on the policy year in which death or TPD occurs. Best of all, no additional premium is required for this added assurance.
Death or Total and Permanent Disability (TPD) Benefit:
In the event of death, or in the event of TPD, your loved ones will receive the Basic Sum Assured, Additional Sum Assured, accumulated Survival Benefits, Cash Bonus (including any accumulated Cash Bonus)3, and Terminal Bonus, in accordance with the provisions of the policy.
Extra protection with Accidental Death Benefit:
If accidental death occurs within the policy term and prior to the policy anniversary of age 65 years next birthday, your loved ones will receive an additional amount of 100% of the total of the Basic Sum Assured and Additional Sum Assured.
What would be your ideal retirement lifestyle? Working hard all your life, retirement is the time to live your dreams; be it travelling around the world, spending quality time with your loved ones or doing the things that you love the most.
Without prudent planning, coupled with the effects of inflation; your savings may not be enough to secure your ideal retirement lifestyle. Great Retirement Plan will provide you a stream of guaranteed income to supplement your retirement fund. Furthermore, you can enjoy yearly annuity tax relief of up to RM3,000. There is no better time to start saving early to help you achieve your ideal retirement lifestyle.
Guaranteed Income
By providing you guaranteed yearly income for 10 years, this plan helps you retire with better peace of mind.
Annuity tax relief of up to RM3,000
You may qualify for up to RM3,000 tax relief yearly for premiums paid from 2012 – 2021, subject to the approval of the Inland Revenue Board.
Payout for unfortunate event
In the event of death, TPD or diagnosis of critical illnesses, you or your loved ones will receive a lump sum payment of the policy’s cash value.
Hassle-free application:
We’ve made it easy for you to take up the plan with a simple application process where no medical underwriting is required.
Tax relief:
Benefits received from SmartProtect Essential are generally non-taxable and premiums paid may qualify for tax relief. However, tax benefits are subject to the Malaysian Income Tax Act, 1967, and final decision of the Inland Revenue Board.
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