Great Eastern Prestige Life Rewards 3 Review
The complete Pros and Cons on Great Eastern Prestige Life Rewards 3
Great Eastern Prestige Life Rewards 3 has been discontinued. For further information and details about this plan, fill up the form below and let us advise you accordingly.
A legacy plan, Great Eastern Prestige Life Rewards 3 offers lifetime future-proof monthly income and coverage against Death and Terminal Illness with only one premium paid.
Great Eastern Prestige Life Rewards 3 product details
- Life policy – Universal Life Insurance
- Coverage
- Be covered 105% of total standard premiums paid against Death and Terminal Illness on top of any bonuses
- Premium Payment
- Pay only a one-time lump sum premium
- Monthly Income
- Receive guaranteed monthly income for life from the 4th policy year onwards
- Future-proof Income
- Monthly income will increase every 5 years from the 4th to the 19th policy year to ensure your income is future-proofed against inflation
- Payout Options
- You can choose to receive monthly income or accumulate them at the prevailing interest rates for higher returns
- You can choose to bestow all your savings to your child
Read About: 3 things to consider before taking up a new financial product
Features of Great Eastern Prestige Life Rewards 3 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
NA
Additional Features and Benefits
Yes.
Read about: How can I accumulate a million dollar (Realistically)
Read about: The Complete Guide to Retirement Planning (2023 Edition)
Great Eastern Prestige Life Rewards 3 may be suitable if you are looking for
Great Eastern Prestige Life Rewards 3 may potentially be a good fit if the following matters to you:
- Regular cash payout upon your desired retirement age
- Leave a lump-sum for your dependents when you pass on
- Insurance options without medical underwriting
- Do not need access to the funds until retirement
- To potentially generate higher financial returns compared to bank accounts
- A one-time premium commitment with no further cash commitment
Great Eastern Prestige Life Rewards 3 may not be suitable if you are looking for
Great Eastern Prestige Life Rewards 3 may potentially be a bad fit if the following matters to you:
- Health and Protection coverage
- High insurance coverage for Death or Terminal Illness
- High insurance coverage for Early Critical Illness, Critical Illness or Total Permanent Disability
- 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: Why should you choose a shorter premium term on your insurance policies
Further considerations on Great Eastern Prestige Life Rewards 3
- How is Great Eastern or Great Eastern Prestige Life Rewards 3 investment returns based on historical performance?
- How does Great Eastern Prestige Life Rewards 3 compare with retirement plans and annuity policies from other insurance companies?
- Can Great Eastern Prestige Life Rewards 3 fulfill my financial, insurance, health, and protection needs?
The above information may not fully highlight all the product details and features on Great Eastern Prestige Life Rewards 3. Talk to us or seek advice from a financial adviser before making any decision about Great Eastern Prestige Life Rewards 3.
Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering to take up.
Read about: 3 best Retirement plans and Annuity policies in Singapore (2023 Edition) *Updated*
Where can I compare the payout and benefits of retirement plans and annuity policies?
Your retirement plans are meant to supplement your lifestyle and expenses in your golden years. Ensure your retirement plans matches the financial goal and objective you wish to achieve when you decided to talk a step back in life.
It is too late to regret once you have made your financial commitment. Specific product features, benefits, and payout will differ more than you think across insurance companies.
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Is Great Eastern Prestige Life Rewards 3 suitable for me?
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Additional readings
- The 8 Overall Best Whole Life Insurance Plan in Singapore (2023 Edition)
- The 8 Overall Best Term Life Life Insurance Plan in Singapore (2023 Edition)
