FWD Save First Series 2 Review
The complete Pros and Cons on FWD Save First Series 2
FWD Save First Series 2 is a single premium, 2-year maturity endowment savings policy that gives you a guaranteed 4.5% per annum upon policy maturity.
FWD Save First Series 2 product details
- Life policy – Endowment and Saving policy
- Single Premium & Short Policy/Maturity Term
- Save a Single Premium and receive a lump sum maturity benefit after 2 years
- You can choose save a Single Premium from $10,000 to $1 million
- Guaranteed Maturity Benefit
- Enjoy 4.5% per annum upon endowment policy maturity
- Death Coverage
- You are covered 105% of the Single Premium against death upon premium payment until policy maturity
- Hassle-free Application
- Guaranteed acceptance, no health checks needed
Read About: Endowment and Saving policy: How does it work?
Read About: Endowment and Saving policy: Is it the best option?
Features of FWD Save First Series 2 at a glance
Cash and Cash Withdrawal Benefits
Cash value: Yes
Cash withdrawal benefits: No
Health and Insurance Coverage
Death: Yes
Total Permanent Disability: No
Terminal Illness: No
Critical Illness: No
Early Critical Illness: No
Health and Insurance Coverage Multiplier
Death: No
Total Permanent Disability: No
Terminal Illness: No
Critical Illness: No
Early Critical Illness: No
Optional Add-on Riders
NIL
Additional Features and Benefits
NIL
For further information and details, refer to FWD website. Alternatively, fill out the form below and allow a licensed financial adviser to provide advice tailored to your needs at no cost to you.
Read About: Effects of compounding returns
Read About: 4 Best Endowment Insurance Savings Plans in Singapore (2023 Edition)
FWD Save First Series 2 may be suitable if you are looking for
FWD Save First Series 2 may potentially be a good fit if the following matters to you:
- Short term endowment and savings plan (2 year maturity)
- A one-time premium commitment with no further cash commitment
- An endowment plan with a short maturity term
- To potentially generate higher financial returns compared to bank accounts
- Savings plan with insurance coverage against death
- A hassle-free application without medical underwriting
FWD Save First Series 2 may not be suitable if you are looking for
FWD Save First Series 2 may potentially be a bad fit if the following matters to you:
- Liquidity or flexibility of withdrawal in your Insurance policy
- High insurance coverage for Death or Terminal Illness
- Insurance coverage for Early Critical Illness, Critical Illness or Total and Permanent Disability
- Lifetime regular cash payout
- Potentially higher financial returns compared to a pure investment product
- Insurance policy with a high surrender value in the early years of the policy
- Passing on a legacy to your loved one(s)
Further considerations on FWD Save First Series 2
- How are FWD or FWD Save First Series 2 investment returns based on historical performance?
- How does FWD Save First Series 2 compare with Endowment policies from other insurance companies?
- Can FWD Save First Series 2 fulfill my financial, insurance, health, and protection needs?
The above information may not fully highlight all the product details and features of FWD Save First Series 2. Talk to us or seek advice from a financial adviser before making any decision about FWD Save First Series 2.
Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering taking up.
Read About: 3 things to consider before taking up a new financial product
Is FWD Save First Series 2 suitable for me?
Contact InterestGuru using the form below. Our panel of licensed financial planners will advise accordingly, based on your financial profile and protection needs.
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