Great Eastern Prestige Life Rewards 5 Review
The complete Pros and Cons on Great Eastern Prestige Life Rewards 5
Great Eastern Prestige Life Rewards 5 allows you to choose from two whole of life participating plans under this series and receive lifetime payouts from as early as the 3rd policy year or have it from the 5th policy year onwards with a potentially higher policy value.
Great Eastern Prestige Life Rewards 5 product details
- Life policy – Universal Life Insurance
- Single Premium
- Covers death and terminal illness
- Option to transfer the policy and its lifetime payout benefit to your child, to flexibly support their standard of living.
- Kickstart your lifetime payouts early from the 3rd policy year.
- 80% surrender value from day 1.
Read About: 3 things to consider before taking up a new financial product
Features of Great Eastern Prestige Life Rewards 5 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
NA
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.
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 5 may be suitable if you are looking for
Great Eastern Prestige Life Rewards 5 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 5 may not be suitable if you are looking for
Great Eastern Prestige Life Rewards 5 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 5
- How is Great Eastern or Great Eastern Prestige Life Rewards 5 investment returns based on historical performance?
- How does Great Eastern Prestige Life Rewards 5 compare with retirement plans and annuity policies from other insurance companies?
- Can Great Eastern Prestige Life Rewards 5 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 5. Talk to us or seek advice from a financial adviser before making any decision about Great Eastern Prestige Life Rewards 5.
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.
And even worse, to know you can compare retirement plans and annuity policies here, 100% free of charges on the InterestGuru.sg platform.
Is Great Eastern Prestige Life Rewards 5 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.
All financial reviews and proposals provided are 100% free of charge. There will be no obligation to take up any proposed financial products or services in any way.
*For a limited time, get attractive incentives when you take up any products that is proposed by our team of financial planners.
We compare quotations head to head on all leading insurers in Singapore
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)
