Investment Linked Plan

Prestige Portfolio: Tailored Wealth Accumulation for Discerning Investors

As a successful individual who has defined your own path to success, you're likely looking for investment opportunities that match your ambition and financial goals. You may be wondering, "How can I build a diversified investment portfolio that aligns with my wealth accumulation objectives and adapts to my changing aspirations?" If this sounds like you, Great Eastern's Prestige Portfolio might be the solution you've been searching for.

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What is Prestige Portfolio?

Prestige Portfolio is a personalized investment-linked plan offered by Great Eastern, one of the leading life insurance groups in Singapore and Malaysia. This versatile plan provides access to a wide range of funds managed by established and award-winning fund managers from across the globe. It's designed to help you build a portfolio suited to your unique investment goals and risk appetite.

Key Features That Set Prestige Portfolio Apart

Versatile Investment Options

Choose from over 100 funds spanning different sectors, asset classes, and geographical markets. Includes a selection of dividend-paying funds for reinvestment or payout.

Flexible Premium Contributions

Invest through regular premium cash contributions (dollar cost averaging), use Supplementary Retirement Scheme (SRS) with recurring single premiums, or make a lump sum single premium investment of at least S$20,000 (cash or SRS).

Adjustable Portfolio

No minimum lock-in period . Make withdrawals regularly or as a lump sum without incurring partial withdrawal charges. Switch funds at no additional cost (subject to change).

Professional Fund Management

Access to funds managed by award-winning fund managers . Potential for greater returns through well-diversified investments.

Added Financial Security

Coverage for Accidental Death at no extra cost. No medical underwriting required. Option to attach a Premium Waiver Rider for additional protection.

Dedicated Support

Assigned a dedicated Great Eastern Financial Representative. Easy access to your portfolio through the Great Eastern App.

How Prestige Portfolio Works

Let's break down the key aspects of this plan:

Investment Options

With over 100 funds to choose from , you can create a portfolio that matches your risk tolerance and investment goals. These funds cover various sectors, asset classes, and geographical markets, allowing for true diversification.

Premium Contributions

You have multiple ways to contribute to your Prestige Portfolio: a) Regular premium cash contributions, b) SRS with recurring single premiums, c) Lump sum single premium of at least S$20,000 (cash or SRS).

Flexibility

Adjust your premium contribution as needed , make top-ups to boost your investment, change premium apportionment among different funds, make withdrawals without penalties, and switch funds at no additional cost.

Potential Returns

While returns are not guaranteed and depend on fund performance, the diverse range of professionally managed funds offers the potential for greater returns compared to more conservative investment options.

Added Protection

Accidental Death coverage comes at no extra cost. Option to add Premium Waiver Rider for additional security.

Real-Life Scenario: Enhancing Your Investment for Potentially Greater Returns

Let's look at an example to illustrate how Prestige Portfolio can work for you:

Mark, aged 40, wants to accumulate wealth to maintain his lifestyle in his later years while having easy access to his funds. He decides to invest in Prestige Portfolio with the following plan:

  • Annual premium: S$20,000
  • Investment top-ups: S$50,000 every four years
  • Investment strategy: 50% LionGlobal Singapore Balanced Fund and 50% JPMorgan Investment Funds – Global Income Fund

Assuming an Illustrated Investment Rate of Return (IIRR) of 8% p.a.:

  • At age 60: Total Investment Value reaches S$1,516,600
  • At age 70: Total Investment Value grows to S$3,635,600
  • Mark withdraws S$200,000 at age 60 for his daughter's education
  • From age 71 to 85, Mark withdraws S$24,000 annually (total S$360,000 over 15 years)
  • At age 90: Mark passes away, leaving behind S$3,635,600 for his loved ones

Total aggregated payout: S$4,195,600 (S$3,635,600 + S$200,000 + S$360,000)

It's important to note that this is an illustration based on an 8% p.a. return, which is not guaranteed. At a lower IIRR of 4% p.a., the total aggregated payout would be S$907,900.

Pros and Cons of Prestige Portfolio

Pros

  • Wide range of investment options

  • Flexibility in premium contributions and withdrawals

  • Professional fund management

  • No medical underwriting required

  • Added financial security with Accidental Death coverage

  • Potential for higher returns compared to more conservative investments

Cons

  • Returns are not guaranteed and depend on fund performance

  • The value of your investment can go down as well as up

  • Early termination may result in high costs and low surrender value

  • Requires active management and decision-making from the investor

Why Compare GREAT Prestige Portfolio with other Investment Linked Plan Options through Whatins?

Traditional Approach

  • Limited to one company's fund options
  • Only hear about advisor's preferred funds
  • Single perspective on investment strategy

Whatins Advantage

  • Compare fund options across multiple insurers
  • Get different views on investment strategies
  • See how different advisors approach fund selection
  • Understand varied fee structures

Who is Prestige Portfolio Suitable For?

Prestige Portfolio is ideal for:

  1. Experienced investors looking for a versatile wealth accumulation plan
  1. Individuals who want access to a wide range of professionally managed funds
  1. Those who value flexibility in their investments
  1. Investors comfortable with market-linked returns and associated risks
  1. People looking for a long-term investment solution with added financial security

Frequently Asked Questions

Can I change my fund choices after starting the plan?

Yes, you can switch funds at no additional cost (subject to change).

What happens if I need to withdraw money?

You can make withdrawals regularly or as a lump sum without incurring partial withdrawal charges.

Is there a minimum investment period?

No, there's no minimum lock-in period.

How is this different from a regular mutual fund investment?

Prestige Portfolio offers added financial security with Accidental Death coverage and the option to add a Premium Waiver Rider.

Can I use my SRS funds for this investment?

Yes, you can use SRS funds for recurring single premiums or a lump sum single premium.

Conclusion

Prestige Portfolio offers a unique combination of investment flexibility, professional fund management, and added financial security . It's designed for discerning investors who want to take an active role in building their wealth while benefiting from the expertise of award-winning fund managers.

However, like all investments, it comes with risks. The value of your investment can go up or down based on market conditions and fund performance. It's crucial to carefully consider your financial goals, risk tolerance, and investment horizon before deciding if Prestige Portfolio is right for you.

Remember, the best investment strategy is one that aligns with your personal financial objectives and risk profile. If you're considering Prestige Portfolio or any other investment-linked plan, it's always wise to consult with a financial advisor who can provide personalized recommendations based on your unique situation.

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