Have you ever wondered how to ensure your loved ones are financially secure long after you're gone? Or perhaps you're looking for a way to leave behind more than just money - a legacy that embodies your values and wisdom ? If these thoughts have crossed your mind, you're not alone. Many of us want to provide a strong foundation for our family's future, and that's where HSBC Life Emerald Legacy Life III comes in.
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HSBC Life Emerald Legacy Life III is a single premium whole life insurance plan designed to help you grow and preserve your wealth for future generations . It offers high protection coverage up to age 99, ensuring that your legacy continues to support your loved ones long after you're gone. This plan is more than just a financial product - it's a tool to help you pass on your values, wisdom, and life perspective, giving your family the means to achieve great things in life.
Protection against death and terminal illness up to age 99 . Peace of mind knowing your loved ones are protected for the long term.
82% of your single premium is guaranteed as cash value from day one . Potential to grow your wealth with non-guaranteed bonuses.
Available in both Singapore Dollars (SGD) and US Dollars (USD). Choose the currency that best suits your financial planning needs.
Higher guaranteed coverage with added flexibility. Option to extend MPC to age 99 with life extender booster.
Ability to change the life insured for both corporate and individual policies. Useful for business continuity or changing family circumstances.
5% refund of single premium if the life insured quits smoking within the first 4 policy years . Encourages healthier lifestyle choices.
Let's break it down with a real-life example:
Meet Mr. Lee, a 45-year-old non-smoker with $10 million in cash. He wants to leave a substantial legacy for his children without compromising his retirement plans. Here's how HSBC Life Emerald Legacy Life III can help:
Without the plan:
With HSBC Life Emerald Legacy Life III:
As you can see, by using HSBC Life Emerald Legacy Life III, Mr. Lee doubles the legacy he leaves for his children while still maintaining a substantial retirement fund .
This feature ensures that your beneficiaries receive a payout regardless of when you pass away, as long as it's before age 99. This long-term protection gives you peace of mind, knowing that your loved ones will be financially secure even if you live a long life.
From the first day of your policy, 82% of your single premium is guaranteed as cash value . This means that even if you need to surrender your policy early, you'll still receive a substantial portion of your investment back. Additionally, your policy has the potential to grow in value over time through non-guaranteed bonuses, which may be declared from time to time.
By offering the plan in both SGD and USD, HSBC allows you to align your legacy planning with your overall financial strategy. This is particularly useful if you have international financial commitments or if you want to hedge against currency fluctuations.
This feature allows you to customize your coverage based on your needs. You can choose to maintain 100% coverage or reduce it to 80%. The life extender booster option lets you extend your MPC to age 99, giving you even more flexibility in your legacy planning.
This unique feature allows you to change the life insured on the policy. For businesses, this can be crucial for succession planning. For families, it provides flexibility if circumstances change, such as in the case of divorce or if you want to transfer the policy to a child or grandchild.
This innovative feature not only encourages healthier living but also provides a financial reward. If the life insured quits smoking within the first four policy years, you'll receive a 5% refund of your single premium. It's a win-win situation - improved health and a financial bonus.
This plan is ideal for:
Long-term coverage up to age 99
High guaranteed cash value from day one
Potential for wealth growth through bonuses
Flexibility in currency and coverage options
Unique features like life insured replacement and quit smoking incentive
Requires a substantial upfront premium
Non-guaranteed bonuses depend on the performance of HSBC Life's participating fund
Early surrender may result in receiving less than the premium paid
This depends on the coverage amount and your health status. Your Financial Planner can provide more details.
Yes, you can take a policy loan against the cash value of your policy. However, this will reduce the death benefit.
You'll receive the surrender value, which includes the guaranteed cash value and any accumulated non-guaranteed bonuses. However, this may be less than the premium paid, especially in the early years.
HSBC Life Emerald Legacy Life III is a comprehensive plan by itself. Speak to your Financial Planner about any additional coverage needs.
Bonuses are determined based on the performance of HSBC Life's participating fund and are not guaranteed.
HSBC Life Emerald Legacy Life III offers a unique combination of life insurance protection and wealth preservation. It's designed for those who want to leave a lasting legacy for their loved ones, providing financial security and the means to achieve great things in life. With its flexible options and innovative features, it can be tailored to meet your specific legacy planning needs.
However, as with any financial decision, it's important to carefully consider your personal circumstances and long-term goals. This plan requires a significant upfront investment, so it's crucial to ensure it aligns with your overall financial strategy.
Ready to take the next step in securing your family's future? Don't rely on just one perspective. Get expert insights tailored to your unique situation. Sign up now to receive 5 expert opinions on legacy planning and wealth preservation. These professionals will review your specific needs 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. Don't leave your family's future to chance – get the expert advice you deserve today.
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