Luxe Plus Solitaire 

The above figures are for illustrative purposes only and are rounded to the nearest dollar.

The non-guaranteed figures above are based on the assumption that the Life Participating Fund earns a long-term average return of 4.25% p.a.

Should the long-term average return be 3.00% p.a., the total illustrated monthly cash payout¹ would be $4,260⁶, the total illustrated monthly cash payouts¹ from age 43 to 85 would be $2,147,040⁶ and the death benefit would be $2,020,000^4,6 if Mr Tan passes away at age 85 with no secondary insured³ appointed.

If Mr Tan lives to age 120, the total illustrated monthly cash payouts¹ from age 43 to 120 would be $3,936,240⁶ and the maturity benefit⁵ would be $4,820,000⁶.

¹If the insured survives at the end of 3 years from the policy entry date, you will start to receive cash payouts starting from the 37^th policy month after the policy entry date. The monthly cash payout consists of the guaranteed monthly cash benefit and the non-guaranteed monthly cash bonus. The guaranteed monthly cash benefit is 0.109% of the net single premium, while your non-guaranteed monthly cash bonus is up to 0.2035% of your net single premium (based on the assumption that the Life Participating Fund earns a long-term average return of 4.25% per annum). Over 12 months, you would receive 1.308% of the net single premium as guaranteed cash benefit and up to 2.442% of the net single premium as non-guaranteed cash bonus. The non-guaranteed monthly cash bonus may vary according to the future performance of the Life Participating Fund. If the Life Participating Fund earns a long-term average return of 3.00% per annum, the non-guaranteed monthly cash bonus will be up to 0.104% of the net single premium. You will continue to receive your monthly cash payout at subsequent policy months if the insured is still alive and the policy has not ended. Net single premium means the single premium amount as shown in the policy schedule, or the reduced single premium amount if a part of the policy has been cashed in earlier.

²The figures in the illustration are not guaranteed and are illustrated based on the assumption that the Life Participating Fund earns a long-term average return of 4.25% per annum in the future. Returns are illustrated based on estimated bonus rates that are not guaranteed. The actual benefit payable will vary according to the future performance of the Life Participating Fund.

³Only yourself (policyholder before the age of 65 years old), your spouse (before the age of 65 years old), or your child or ward (before the age of 18 years old) can be the secondary insured at the time of exercising this option. You can exercise this option to appoint a secondary insured no more than three times, and provided the following conditions are met:

• The premium of this policy is paid only with cash;
• No nomination of beneficiary has been made for this policy; and
• There is no change to the ownership of this policy including assignment, bankruptcy and trust.

The secondary insured becomes the insured of this policy only upon death of the insured for the remaining policy term. The policy can only have one insured at any point of time.

⁴The policy pays out the sum of 105% of the net single premium paid less all monthly cash benefits paid or the guaranteed cash value, whichever is higher, and 100% of the terminal bonus less cash bonuses paid, in the event of the insured’s death or diagnosis of terminal illness.
However, if the cash value is higher than the benefit shown above, we will pay the cash value instead. We will also pay any cash benefits and cash bonuses which have built up (accumulated). If a secondary insured has been appointed before the insured dies, the death or terminal illness benefit will not be paid out. Upon the death of the insured, the secondary insured becomes the insured and the policy will continue.

⁵If the insured survives at the end of the policy term, which is the anniversary immediately after the original insured’s 120^th birthday, and the policy has not already ended, the policy will pay 105% of the net single premium and a non-guaranteed terminal bonus (“Maturity benefit”). We will also pay any cash benefits and cash bonuses which have built up (accumulated). The policy will end when we make this payment. We will not pay any further benefits.

⁶The figures in the illustration are not guaranteed and are illustrated based on the assumption that the Life Participating Fund earns a long-term average return of 3.00% per annum in the future. Returns are illustrated based on estimated bonus rates that are not guaranteed. The actual benefit payable will vary according to the future performance of the Life Participating Fund. If cash benefits and cash bonuses are accumulated with us, the interest rate will be based on 1.50% per annum and it is not guaranteed. Prevailing interest rate at the point of deposit will be determined by us.

© 2022 Income. All rights reserved.

The above figures are for illustrative purposes only and are rounded to the nearest dollar.

The non-guaranteed figures above are based on the assumption that the Life Participating Fund earns a long-term average return of 4.25% p.a.

Should the long-term average return be 3.00% p.a., the total illustrated monthly cash payout² would be $2,130⁷, the illustrated withdrawal amount for Darren’s dream house would be $849,974⁷, and the illustrated maturity benefit⁵ would be $2,770,000⁷. Should Darren pass away at age 85, the policy will pay out the illustrated death benefit of $2,160,000^6,7.

¹Only yourself (policyholder before the age of 65 years old), your spouse (before the age of 65 years old), or your child or ward (before the age of 18 years old) can be the secondary insured at the time of exercising this option. You can exercise this option to appoint a secondary insured no more than three times, and provided the following conditions are met:

• The premium of this policy is paid only with cash;
• No nomination of beneficiary has been made for this policy; and
• There is no change to the ownership of this policy including assignment, bankruptcy and trust.

The secondary insured becomes the insured of this policy only upon death of the insured for the remaining policy term. The policy can only have one insured at any point of time.

²If the insured survives at the end of 3 years from the policy entry date, you will start to receive cash payouts starting from the 37^th policy month after the policy entry date. The monthly cash payout consists of the guaranteed monthly cash benefit and the non-guaranteed monthly cash bonus. The guaranteed monthly cash benefit is 0.109% of the net single premium, while your non-guaranteed monthly cash bonus is up to 0.2035% of your net single premium (based on the assumption that the Life Participating Fund earns a long-term average return of 4.25% per annum). Over 12 months, you would receive 1.308% of the net single premium as guaranteed cash benefit and up to 2.442% of the net single premium as non-guaranteed cash bonus. The non-guaranteed monthly cash bonus may vary according to the future performance of the Life Participating Fund. If the Life Participating Fund earns a long-term average return of 3.00% per annum, the non-guaranteed monthly cash bonus will be up to 0.104% of the net single premium. You will continue to receive your monthly cash payout at subsequent policy months if the insured is still alive and the policy has not ended. Net single premium means the single premium amount as shown in the policy schedule, or the reduced single premium amount if a part of the policy has been cashed in earlier.

³The figures in the illustration are not guaranteed and are illustrated based on the assumption that the Life Participating Fund earns a long-term average return of 4.25% per annum in the future. Returns are illustrated based on estimated bonus rates that are not guaranteed. The actual benefit payable will vary according to the future performance of the Life Participating Fund.

⁴Interest rate of 3.00% per annum is not guaranteed. Prevailing interest rate at the point of deposit will be determined by us.

⁵If the insured survives at the end of the policy term, which is the anniversary immediately after the original insured’s 120^th birthday, and the policy has not already ended, the policy will pay 105% of the net single premium and a non-guaranteed terminal bonus (“Maturity benefit”). We will also pay any cash benefits and cash bonuses which have built up (accumulated). The policy will end when we make this payment. We will not pay any further benefits.

⁶The policy pays out the sum of 105% of the net single premium paid less all monthly cash benefits paid or the guaranteed cash value, whichever is higher, and 100% of the terminal bonus less cash bonuses paid, in the event of the insured’s death or diagnosis of terminal illness.
However, if the cash value is higher than the benefit shown above, we will pay the cash value instead. We will also pay any cash benefits and cash bonuses which have built up (accumulated). If a secondary insured has been appointed before the insured dies, the death or terminal illness benefit will not be paid out. Upon the death of the insured, the secondary insured becomes the insured and the policy will continue.

⁷The figures in the illustration are not guaranteed and are illustrated based on the assumption that the Life Participating Fund earns a long-term average return of 3.00% per annum in the future. Returns are illustrated based on estimated bonus rates that are not guaranteed. The actual benefit payable will vary according to the future performance of the Life Participating Fund. If cash benefits and cash bonuses are accumulated with us, the interest rate will be based on 1.50% per annum and it is not guaranteed. Prevailing interest rate at the point of deposit will be determined by us.

© 2022 Income. All rights reserved.