HSBC Life Wealth Accelerate Review
The complete Pros and Cons on HSBC Life Wealth Accelerate
HSBC Life Wealth Accelerate (previoulsy known as AXA Wealth Accelerate) offers a few bonuses to kick start your investment and covers you against death and terminal illness. This ILP offers supreme flexibility to cater to your financial goals
HSBC Life Wealth Accelerate product details
- Life Policy – Investment-linked policy
- Age of entry
- Life Assured: 1 month to 70 years old
- Policyholder: 18 to 99 years old
- Minimum Investment Period (MIP); select how long you want to invest
- Choose from 25 or 30 years
- Choose to pay Monthly, Semi-Annually, Quarterly or Annually
- Minimum $300 per month
- Choose from 25 or 30 years
- Flexibility in Withdrawal
- You can withdraw funds 7 times at no charge for your spending needs after the Minimum Investment Period (MIP)
- Flexibility
- Perform Top-ups to your investment at any time
- Perform Partial Withdrawals at no costs up to the first 7 requests
- Perform a Premium Holiday up to 60 months during MIP, and unlimited after
- 3 Bonuses
- 200% Start Bonus
- Receive a start-up up to 2x your annual premium across 3 to 5 policy years
- Power-up Bonus
- Receive a power-up bonus up to 1.3% per annum of Account Value from policy year 15 until the end of the MIP
- Loyalty Bonus
- Receive a loyalty bonus of up to 1.1% per annum of Account Value throughout the policy term starting after the end of MIP
- 200% Start Bonus
- Coverage
- HSBC Life Wealth Accelerate protects you against Terminal Illness and 101% of account value against Death
- Life Replacement Option
- You can choose to replace the life assured with your spouse or child
- Hassle-free Application
- No medical checks required
Read about: 3 Best Investment Linked Policies in Singapore for Insurance Coverages (2023 Edition)
Read about: An introduction to Investment Linked Policy
Features of HSBC Life Wealth Accelerate 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 HSBC Life website. Alternatively, fill up the form below and let us advise accordingly.
Read about: Effects of compounding returns on your investments
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HSBC Life Wealth Accelerate may be suitable if you are looking for
HSBC Life Wealth Accelerate may potentially be a good fit if the following matters to you:
- 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.
- Insurance options without medical underwriting
Read about: How does Investment-Linked Policy work?
NEW Feature: Compare investment-linked policies across insurance companies using the CompareNOW feature on InterestGuru.sg.
HSBC Life Wealth Accelerate may not be suitable if you are looking for
HSBC Life Wealth Accelerate may potentially be a bad fit if the following matters to you:
- Health and Protection coverage
- High insurance coverage for Death or Terminal Illness
- Insurance coverage for Early Critical Illness, Critical Illness or Total Permanent Disability
- 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 HSBC Life Wealth Accelerate Plus
- How is HSBC Life or HSBC Life Wealth Accelerate investment returns based on historical performance?
- How does HSBC Life Wealth Accelerate compare with Investment linked policies from other insurance companies?
- Can HSBC Life Wealth Accelerate fulfil my financial, insurance, health and protection needs?
The above information may not fully highlight all the product details and features on HSBC Life Wealth Accelerate. Talk to us or seek advice from a financial adviser before making any decision about HSBC Life Wealth Accelerate.
Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering to take up.
Read about: Invstment-Linked Policy: Is it the best option?
Where can I compare the payout and benefits of Investment Linked 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 Investment linked Policies.
Alternatively, you just need to provide us with a couple of details below.
Is HSBC Life Wealth Accelerate 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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