Great Eastern Smart Invest Review
The complete Pros and Cons on Great Eastern Smart Invest
Great Eastern Smart Invest has been discontinued. For further information and details about this plan, fill up the form below and let us advise you accordingly.
Great Eastern Smart Invest product details
- Life Policy – Investment-linked policy
- Choose to invest for as low as S$100 a month through a recurrent single premium plan or a lump sum contribution through a single premium plan
- You can top up your investment amount anytime. When you need to manage your cashflow, you may make partial or total surrender of the portfolio
- You can invest in a diverse array of funds, take advantage of professional fund management expertise, and stay in control of your investments
- There are no insurance or surrender charges, no policy fee. The only fees you pay are the effective sales charge (a low 3%) and the fund management charge
- There’s no need for medical underwriting when applying
- It offers accidental death benefit coverage up to 80 years old
Read About: How does Investment-Linked Policy work?
Read About: Investment-Linked Policy: Is it the best option?
Features of Great Eastern Smart Invest 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: 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: Effects of compounding returns on your investments
Great Eastern Smart Invest may be suitable if you are looking for
Great Eastern Smart Invest may potentially be a good fit if the following matters to you:
- Initial high protection for Death and Terminal Illness coverage at an affordable premium.
- Initial high Early Critical Illness, Critical Illness and Total Permanent Disability coverage in an Insurance Policy.
- 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 compare to traditional Endowment and Whole Life Policy.
Great Eastern Smart Invest may not be suitable if you are looking for
Great Eastern Smart Invest 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.
Further considerations on Great Eastern Smart Invest
- How are the investment returns of Great Eastern or Great Eastern Smart Invest based on historical performance?
- How good is Great Eastern Smart Invest compared to Investment Linked Policy from other insurance companies?
- Can Great Eastern Smart Invest fulfil my financial insurance, health and protection needs?
The above information may not fully highlight all the product details and features on Great Eastern Smart Invest. Talk to us or seek advice from a financial adviser before making any decision about Great Eastern Smart Invest.
Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering to take up.
Is Great Eastern Smart Invest suitable for me?
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