Investment Linked Plan

FWD Invest Goal 1: Your Path to Financial Freedom with Minimal Hassle

Have you ever felt that managing your investments takes too much of your time and energy? Do you wish there was a way to grow your wealth without constantly monitoring the markets? If so, FWD Invest Goal 1 might be the solution you've been looking for . Let's dive into what this unique investment-linked policy offers and how it can help you achieve your financial goals.

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What is FWD Invest Goal 1?

FWD Invest Goal 1 is a single premium investment-linked policy designed for busy professionals and individuals who want to grow their wealth without the constant need for attention and management . It's an innovative product that combines the benefits of life insurance with the growth potential of investment funds, all while giving you the control and flexibility you need.

Key Features That Set FWD Invest Goal 1 Apart

Free Death Coverage

Receive a death benefit of 105% of your policy value. Every dollar of your premium goes towards your investment.

100% Investment Allocation

Your entire single premium is used to purchase units in your chosen funds . No upfront fees eating into your investment.

Low Ongoing Charges

Only 1% annual charge on your initial units account. 1.4% plan charge for the first five years.

Penalty-Free Withdrawals

Make withdrawals anytime without penalties . Maintain just 10% of your initial investment to keep the policy active.

Curated Funds from Global Managers

Access to over 50 funds from renowned global fund managers. Diversify your portfolio with ease.

Complimentary Auto-Rebalancing

Keep your portfolio aligned with your goals. No additional charges for this service.

Why compare Invest Goal 1 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

In summary: If you want more control and multiple suggestions, then Whatins is the way to go.

How FWD Invest Goal 1 Works

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

Getting Started

Invest a lump sum (minimum SGD 30,000 or USD 22,500). Choose from over 50 curated funds.

Ongoing Management

Opt for auto-rebalancing to maintain your desired asset allocation. Make penalty-free partial withdrawals when needed. Switch between funds at no cost.

Flexibility and Control

Adjust your investment strategy anytime. No lock-in periods or surrender penalties after the first 5 years.

Protection

105% of policy value paid out upon death.

Real-Life Scenario

Imagine you're a busy executive with SGD 100,000 to invest. You want your money to grow but don't have time to constantly monitor the markets. With FWD Invest Goal 1:

  1. You invest your SGD 100,000 lump sum.
  1. You choose a mix of funds that align with your risk tolerance and goals.
  1. The auto-rebalancing feature keeps your portfolio on track without your constant attention.
  1. Two years later, you need SGD 20,000 for a home renovation. You can withdraw this amount penalty-free.
  1. Over time, your investment grows, and you have the flexibility to switch funds or make additional withdrawals as needed.
  1. If something were to happen to you, your beneficiaries would receive 105% of your policy value.

Who Is FWD Invest Goal 1 For?

This policy is ideal for:

  • Busy professionals who want to invest but lack time for active management
  • Individuals looking for a flexible investment option with insurance coverage
  • Those who prefer a lump sum investment over regular premium payments
  • Investors seeking access to a wide range of global funds

Charges and Fees

To fully understand the policy, it's important to be aware of the charges:

  1. Initial Account Charge: 1% per annum, deducted monthly
  1. Plan Charge: 1.4% of initial premium, deducted monthly for the first 5 years
  1. Surrender Charge: Applies if you surrender the policy within the first 5 years
  1. Fund Management Fee: Varies by fund, already factored into unit prices

There are no charges for:

  • Partial withdrawals
  • Fund switching
  • Changing policy currency

Pros and Cons

Pros

  • Access to over 50 curated funds from global managers

  • Flexibility to withdraw or switch funds without penalties

  • Complimentary auto-rebalancing service

  • Death benefit provides basic insurance coverage

  • 100% of premium goes towards investment

Cons

  • Surrender charge applies in the first 5 years

  • Ongoing charges may impact returns

  • Limited insurance coverage compared to traditional life policies

  • Investment risks – returns are not guaranteed

Frequently Asked Questions

Can I add more money to my policy later?

This is a single premium policy, so additional investments would require a new policy.

What happens if I need all my money back urgently?

You can surrender your policy, but a charge applies in the first 5 years.

Is my investment guaranteed?

No, returns are subject to market performance and are not guaranteed.

Can I change my fund choices later?

Yes, you can switch funds anytime at no cost.

What's the minimum I can withdraw?

There's no minimum withdrawal amount, as long as you maintain 10% of your initial investment.

Conclusion

FWD Invest Goal 1 offers a unique blend of investment flexibility, curated fund options, and basic life coverage. It's designed for those who want to grow their wealth without the hassle of constant portfolio management. With features like penalty-free withdrawals and complimentary auto-rebalancing, it provides the control you need while demanding less of your time and attention.

However, like any investment product, it's crucial to consider your personal financial situation, goals, and risk tolerance before making a decision. The policy does come with charges and investment risks that need to be carefully evaluated.

Ready to take control of your financial future with less hassle? Don't rely on just one perspective. Get expert insights tailored to your unique situation. Sign up now to receive 5 expert opinions on how FWD Invest Goal 1 could fit into your financial plan. 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 how this policy could work for you, ensuring you're making the best choice for your financial future. Don't leave your investment decisions to chance – get the expert advice you deserve today.

Get 5 Expert Opinions on FWD Invest Goal 1