Whole Life

Prestige Harvest: Securing Your Legacy and Enjoying Your Golden Years

Have you ever wondered how to ensure your family's financial security long after you're gone? Or how to protect your business from unexpected setbacks? If these questions have crossed your mind, you're not alone. Many successful individuals and business owners grapple with the challenge of preserving and growing their wealth while planning for the future. This is where Prestige Harvest , a unique offering from Great Eastern, comes into play.

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What is Prestige Harvest?

Prestige Harvest is a US Dollar-denominated universal life plan designed to offer high insurance coverage while helping you enhance your wealth. It's not just an insurance policy; it's a comprehensive financial tool that allows you to create a lasting legacy, achieve your financial goals, and enjoy peace of mind during your golden years .

Key Features of Prestige Harvest

Legacy Planning

Create an immediate estate worth at least USD 0.5 million to secure your family's future.

Portfolio Diversification

Enhance your wealth with attractive crediting rates, including a guaranteed rate for the first three years.

Estate Liquidity

Ensure your heirs have access to funds when they need it most.

Business Continuity

Protect your business against the loss of key personnel.

Flexibility

Choose between single premium or regular premium plans with payment terms from 2 to 10 years.

Lifetime Coverage

Enjoy protection against Death and Terminal Illness throughout your life.

Real premiums suggested for GREAT Prestige Harvest

25, Female making $6,800 a month

Coverage:
death tpd
$300,000
disability income
$5,100
personal accident
$300,000
late critical illness
$300,000
early critical illness
$300,000
Premium:
$501.55
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How Prestige Harvest Works

Enhancing Your Wealth

  • Guaranteed crediting rate for the first three policy years

  • Loyalty crediting rates starting from the 11th year

  • Potential for long-term wealth accumulation

Distributing Your Wealth

  • Create an immediate estate of at least USD 0.5 million

  • Safeguard your loved ones' lifestyle

  • Enable future generations to build on your success

Protecting Your Business

  • Provide essential liquidity in case of loss of a key person

  • Option to change the life assured after the first policy year (conditions apply)

  • Ensure business continuity during challenging times

Flexibility to Meet Your Needs

  • Choose between single premium or regular premium plans

  • Option for partial withdrawals or full surrender if needed

  • Adapt the policy to your changing circumstances

Coverage Details

Prestige Harvest offers lifetime coverage against Death and Terminal Illness . The benefits payable depend on when the event occurs:

  • Before the policy anniversary following the Life Assured's 121st birthday: The higher of the Sum Assured or Account Value, less any outstanding debt.
  • On or after the policy anniversary following the Life Assured's 121st birthday: The Account Value less any outstanding debt.

Real-Life Scenarios

Scenario 1: Securing a Family Legacy

John, a 35-year-old businessman, purchases a 10-year regular-premium plan with a sum assured of USD 5 million. With total premiums of approximately USD 1 million, he increases his total estate by USD 4 million, significantly boosting his retirement fund while maintaining the legacy for his children.

Scenario 2: Protecting Business Interests

Mr. Tan, who owns three successful businesses, purchases a USD 5 million single-premium Prestige Harvest plan for each business. This ensures business continuity, provides flexibility to change the life assured, and offers a substantial payout to keep the business running if a key person passes away.

Why Compare GREAT Prestige Harvest with other Whole Life Options through Whatins?

Traditional Approach

  • Limited comparison of growth projections
  • Single company's whole life performance history
  • May oversimplify cash value benefits

Whatins Advantage

  • Compare whole life cash value projections across insurers
  • See different whole life dividend histories
  • Understand various whole life premium payment options
  • Compare guaranteed vs non-guaranteed values

Why Choose Great Eastern?

Established Market Leader

Founded in 1908, Great Eastern is a trusted brand in Singapore and Malaysia.

Financial Strength

Over S$100 billion in assets and more than 13 million policyholders.

High Ratings

Assigned "AA-" financial strength and counterparty credit ratings by Standard and Poor's since 2010.

Part of OCBC Bank

A subsidiary of one of the world's most highly-rated banks, with an Aa1 rating from Moody's.

Frequently Asked Questions

Is Prestige Harvest available in other currencies?

No, it's only available in US Dollars. Be aware of potential foreign exchange volatility risk if USD is not your home currency.

Can I change the life assured on my policy?

Yes, but only for single premium policies with no premium financing or regular premium policies with planned premiums fully paid up. This is subject to underwriting and other terms and conditions.

Are there any withdrawal options?

Yes, from the 11th to 15th policy year, you can withdraw up to 5% of the policy's account value annually without incurring withdrawal charges.

What happens if I need to surrender the policy?

Full surrender is possible but subject to surrender charges.

Is there a minimum sum assured?

Yes, the minimum sum assured is USD 0.5 million.

Making Your Decision

Prestige Harvest offers a unique combination of wealth enhancement, legacy planning, and business protection . It's designed for individuals who want to secure their family's future or protect their business interests while still enjoying financial flexibility.

However, as with any significant financial decision, it's crucial to consider your personal circumstances, financial goals, and risk tolerance. Here are some points to ponder:

  1. Do you have substantial assets you want to pass on to future generations?
  1. Are you a business owner concerned about continuity in case of unexpected events?
  1. Do you want a financial product that offers both protection and potential for wealth accumulation?
  1. Are you comfortable with a USD-denominated product?

If you answered yes to these questions, Prestige Harvest might be an excellent fit for your needs. However, it's always wise to consult with a financial advisor who can provide personalized advice based on your specific situation.

Get Expert Advice

Ready to explore how Prestige Harvest can secure your legacy and protect your future? Don't rely on just one perspective. Get expert insights tailored to your unique needs. Sign up now to receive 5 expert opinions on how Prestige Harvest or similar products can fit into your financial strategy. These professionals will review your specific situation and provide personalized recommendations, helping you make the most informed decision possible.

By consulting with multiple experts, you'll gain a comprehensive understanding of your options and ensure you're choosing the best strategy for your legacy and wealth protection needs. Don't leave your family's future to chance – get the expert advice you deserve today .

Click here to get 5 expert opinions on legacy planning and wealth protection

Why people were suggested GREAT Prestige Harvest

Terena
Terena , 25
GenderFemale
Monthly Income$6,800
Insurance Types Suggested
  • I don't know where to start
Why GREAT Life Advantage III was suggested:
This investment-linked plan was suggested as an alternative to the term plan, offering a balance between protection and investment. It provides flexibility to adjust the sum assured in the future and includes an investment portion to boost assets. This product might be suitable for Terena if she wants a combination of life coverage and potential investment growth, with the option to adapt the policy as her needs change over time.
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