Great Eastern GREAT Wealth Advantage Review
The complete Pros and Cons on Great Eastern GREAT Wealth Advantage
Starting from $200 a month, Great Eastern GREAT Wealth Advantage is an investment-linked policy that offers protection against Death, TPD, and TI, offering bonuses to give your investments boosts
Great Eastern GREAT Wealth Advantage product details
- Life Policy – Investment-linked policy
- Coverage
- Be covered 110% of all premiums paid or account value, whichever is higher, against Death, Total and Permanent Disability, and Terminal Illness
- Welcome Bonus
- Receive a welcome bonus of 5% of basic regular premiums paid for the first policy year
- Loyalty Bonuses
- From the 10th policy year onwards, receive an additional 5% of basic regular premiums paid per year
- Premium Payments
- Start from $200 a month
- Choose to make single premium top-ups anytime
- Partial Withdrawals
- From the 10th policy year onwards, you can choose to withdraw without additional fees
- Hassle-free application
- Guaranteed acceptance with no health questions asked
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Features of Great Eastern GREAT Wealth Advantage at a glance
Cash and Cash Withdrawal Benefits
Cash value: Yes
Cash withdrawal benefits: Yes
Health and Insurance Coverage
Death: Yes
Total Permanent Disability: Yes
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 Wealth Advantage may be suitable if you are looking for
Great Eastern GREAT Wealth Advantage may potentially be a good fit if the following matters to you:
- Initial high protection for Death, Total and Permanent Disability, and Terminal Illness coverage at an affordable premium
- Health and Protection coverage due to a shortfall in your Insurance Portfolio
- To participate in the long-term financial returns of investing
- Liquidity or flexibility of withdrawal in your Insurance policy
- Able to take investment risks and comfortable with financial market volatility
- Potentially higher financial returns compared to traditional Endowment and Whole Life Policy
Great Eastern GREAT Wealth Advantage may not be suitable if you are looking for
Great Eastern GREAT Wealth Advantage may potentially be a bad fit if the following matters to you:
- Life-long health and protection coverage due to increasing mortality charges
- Guaranteed financial returns in the long-run
- Insurance policy with a high surrender value in the early years of the policy
- Expecting an urgent need for withdrawal during a financial market downturn
- Initial high Early Critical Illness, Critical Illness, and Total Permanent Disability coverage in an Insurance Policy
Read About: 3 things to consider before taking up a new financial product
Further considerations on Great Eastern GREAT Wealth Advantage
- How are the investment returns of Great Eastern or Great Eastern GREAT Wealth Advantage based on historical performance?
- How good is Great Eastern GREAT Wealth Advantage compared to Investment Linked Policy from other insurance companies?
- Can Great Eastern GREAT Wealth Advantage 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 Wealth Advantage. Talk to us or seek advice from a financial adviser before making any decision about Great Eastern GREAT Wealth Advantage.
Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering to take up.
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Is Great Eastern GREAT Wealth Advantage 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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