Great Eastern GREAT Lifetime Payout 2 Review
The complete Pros and Cons on Great Eastern GREAT Lifetime Payout 2
Great Eastern GREAT Lifetime Payout 2 is a participating whole of life plan that maximises your savings the smarter way, with the assurance of up to 3.28% per annum for a lifetime of monthly cash payouts.
Great Eastern GREAT Lifetime Payout 2 product details
- Life policy – Endowment and Saving policy
- Pay premiums for only 3 years.
- Premiums can be either cash or SRS.
- Start receiving your lifetime payouts from the 4th policy anniversary with guaranteed payout (up to 0.85% per annum) and non-guaranteed payout (up to 2.43% per annum) . Alternatively, choose to accumulate them for potentially higher returns.
- Receive a lump sum benefit in the event of your passing or contracting terminal illness to cover your expenses.
- Capital guaranteed from end of year 6.
Read about: Endowment and Saving policy: How does it work?
Read about: Endowment and Saving policy: Is it the best option?
Features of Great Eastern GREAT Lifetime Payout 2 at a glance
Cash and Cash Withdrawal Benefits
Cash value: Yes
Cash withdrawal benefits: Yes
Health and Insurance Coverage
Death: Yes
Total Permanent Disability: No
Terminal Illness: Yes
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
N.A.
Additional Features and Benefits
Yes.
For further information and details, refer to Great Eastern website. Alternatively, fill-up the form below and let us advise accordingly.
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Great Eastern GREAT Lifetime Payout 2 may be suitable if you are looking for
Great Eastern GREAT Lifetime Payout 2 may potentially be a good fit if the following matters to you:
- A hassle-free application without medical underwriting
- Short to medium term endowment and savings plan
- To saving regularly over a period of time
- To potentially generate higher financial returns compared to bank accounts
Great Eastern GREAT Lifetime Payout 2 may not be suitable if you are looking for
Great Eastern GREAT Lifetime Payout 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, Total and Permanent Disability, or Terminal Illness
- Insurance coverage for Early Critical Illness, Critical Illness or
- Lifetime regular cash payout
- A one-time premium commitment with no further cash commitment
- Potentially higher financial returns compared to a pure investment product.
- Insurance policy with a high surrender value in the early years of the policy.
Read About: How can I accumulate a million dollar (Realistically)
Further considerations on Great Eastern GREAT Lifetime Payout 2
- How is Great Eastern or Great Eastern GREAT Lifetime Payout 2 investment returns based on historical performance?
- How does Great Eastern GREAT Lifetime Payout 2 compare with Endowment policy from other insurance companies?
- Can Great Eastern GREAT Lifetime Payout 2 fulfill my financial, insurance, health, and protection needs?
The above information may not fully highlight all the product details and features on Great Eastern GREAT Lifetime Payout 2. Talk to us or seek advice from a financial adviser before making any decision about Great Eastern GREAT Lifetime Payout 2.
Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering to take up.
Read about: How can I accumulate a million dollar (Realistically)
Read About: 3 best Savings plans and endowment policies in Singapore (updated Jan 2023)
Where can I compare the payout and benefits of saving plans and endowment policies?
Before committing to an insurance policy, it certainly pays to make an effort to compare. Specific product features, benefits and payouts will differ more than you think across insurance companies. Why regret only years later, when you find out that you are not getting the best insurance policy available for the premium paid?
Use our Compare NOW feature to receive the most competitive quotes on saving plans and endowment policies.
Alternatively, you just need to provide us with a couple of details below.
Is Great Eastern GREAT Lifetime Payout 2 suitable for me?
Contact InterestGuru using the form below. Our panel of licensed financial advisers will advise accordingly, based on your financial profile and protection needs.
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