Are you looking for a way to grow your wealth while protecting yourself and your family ? Do you want the flexibility to adapt your investments as your life changes? If so, HSBC Life Goal Builder might be the solution you've been searching for. Let's dive into the details of this innovative investment-linked plan and see how it can help you achieve your financial goals.

HSBC Life Goal Builder is a limited premium investment-linked insurance plan that offers lifelong protection and high flexibility to grow your wealth. It provides access to over 70 world-class funds , allowing you to stay in control of your wealth growth while enjoying comprehensive life coverage.

Let's look at two scenarios to understand how this plan can work for you:

Meet Shawn, a 40-year-old man who wants to fund his retirement lifestyle. He purchases HSBC Life Goal Builder with the following details:

• Premium: S$20,000 annually

• Premium term: 5 years

• Policy term: To age 99

• Income payout term: 20 years (starting at age 50)

At age 99 (end of policy term):

• Total NAV: S$947,831

• Total potential income payout: S$177,733

• Total potential return: S$1,125,564 (more than 11 times his initial capital!)

In this scenario, Shawn decides to focus on wealth accumulation by reinvesting his dividends for maximum returns. Using the same premium and terms as Scenario 1, here's how it plays out:

At age 99 (end of policy term):

• Total NAV: S$3,435,171 (more than 34 times his initial capital!)

It's important to note that these scenarios are based on an illustrated investment rate of return of 8% p.a. and a 1.25% fund management charge. Actual returns may vary based on fund performance.

One of the standout features of HSBC Life Goal Builder is the flexibility it offers:

1. Fund Switching: You can switch between funds at any time, with no limit on the number of switches.

2. Top-ups: You can make additional investments through regular or ad-hoc top-ups.

3. Withdrawals: You have the freedom to make partial, regular, or full withdrawals as needed.

4. Automatic Re-balancing: You can set up automatic re-balancing of your fund holdings to maintain your desired asset allocation.

While HSBC Life Goal Builder focuses on wealth accumulation, it also provides crucial protection:

1. Death Benefit: In the event of death, your beneficiaries will receive the higher of:

• 101% of total premiums paid (plus top-ups, less withdrawals)

• The current Net Asset Value

2. Terminal Illness Benefit: Same as the death benefit, payable upon diagnosis of terminal illness.

3. Accidental Death Benefit: Up to 200% of total premiums paid (capped at SGD2 million), plus top-ups, less withdrawals.

It's important to understand the fees associated with HSBC Life Goal Builder:

1. Fund Management Charge: Varies by fund, typically around 1.25% p.a.

2. Product Administration Fee: Applies for the first 24 policy years

3. Surrender Charge: Applies if you surrender the policy early

4. No Premium Charge: All basic premiums go towards investing in your chosen funds

This plan could be suitable for you if:

1. You're looking for a flexible way to grow your wealth over the long term

2. You want the ability to adjust your investments as your life circumstances change

3. You're comfortable with some investment risk in pursuit of potentially higher returns

4. You want life coverage alongside your investments

5. You're between 18 and 80 years old (last birthday)

Before investing in HSBC Life Goal Builder, consider the following:

1. Investment Risk: Returns are not guaranteed and depend on fund performance

2. Long-term Commitment: Early termination may result in significant losses

3. Fees Impact: Various fees can affect your overall returns

4. Need for Active Management: You may need to actively manage your fund choices

HSBC Life Goal Builder offers a unique combination of wealth accumulation potential, lifelong protection, and flexibility . It's designed for those who want to take an active role in growing their wealth while maintaining the safety net of life insurance. However, like any investment-linked plan, it comes with risks and requires careful consideration.

Before making a decision, it's wise to consult with a financial advisor who can help you understand how HSBC Life Goal Builder fits into your overall financial plan. They can provide personalized advice based on your specific goals, risk tolerance, and financial situation.

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