Gift of legacy: One plan, multiple dreams
NAVIGATING life after decades of work brings a unique set of aspirations and anxieties.
The desire to safeguard one's health, secure a comfortable retirement and establish a meaningful legacy often intertwines with the realities of ongoing financial commitments.
Many in this stage of life may still be managing mortgage loans, business investments, supporting their children's education or marriage, and dependents' living and medical expenses, adding complexity to long-term financial planning.
Addressing these multifaceted needs requires a solution that offers robust protection and the potential for wealth preservation.
Discover Wealth Creator Premier, an investment-linked insurance plan crafted by Generali Life Insurance Malaysia Bhd to resonate with the ambitions and concerns of individuals in their prime and pre-retirement years.
Preserving wealth, securing legacies
The Wealth Creator Premier plan offers a powerful combination—the protection of high insurance coverage for assets, business and loved ones against life's uncertainties, coupled with the opportunity for your money to grow, building a solid foundation for your future and the legacy you envision.
With exclusive bonuses and guaranteed renewability until age 100, the plan ensures your wealth-building journey continues seamlessly, even after your demise.
Additionally, starting your legacy creation with a high protection coverage of RM800,000 safeguards your family's future and empowers you to confidently pursue your financial goals.
For instance, as illustrated above, if an individual with a wife and two children wishes to protect his dependents and ensure business continuity after his passing, Wealth Creator Premier could help secure that legacy.
With a total wealth of RM2mil, RM500,000 is set aside for immediate business continuity, while RM1.5mil in cash is used to purchase the Wealth Creator Premier plan.
This plan creates RM6mil* in legacy value, providing RM1.5mil each to the spouse and two children, while increasing the business continuity fund to RM2mil. This ensures both the family's financial security and the sustainability of the business.
*The above illustration is based on a 50-year-old male, who is a non-smoker, with a 20-year coverage term and 20-year premium payment term. Terms and conditions apply.
With flexible options of premium payment and coverage terms, policyholders can tailor their plan with premium payment terms of five, 10, 15 or 20 years, or align them with coverage terms of 20 or 30 years, or up to age 70 or 80, to fit their legacy planning horizon.
Plan benefits
The plan is designed with flexibility and long-term security at its core, offering a range of benefits tailored to policyholders' evolving needs, such as:
1. Comprehensive Life Protection
> Death, total and permanent disability (TPD) or terminal illness benefit
In the event of death or TPD before age 70, the plan provides a payout of the higher value between the basic sum insured (less any withdrawals) and the account value. Upon diagnosis of a terminal illness, 100% of the death benefit will be payable.
> Accidental guard booster (AGB) rider
Enhance your protection with additional coverage for death or TPD resulting from various accidental events, offering substantial payouts up to RM10mil per life for accidental death and RM4mil per life for accidental TPD. Applicable if the AGB rider is attached.
> Maturity benefit
Upon the policy's maturity, policyholders will receive the higher of the basic sum insured (less any withdrawals) or any accumulated account value.
2. Exclusive bonuses to maximise your wealth
> Loyalty bonus
Every two years, starting from the sixth policy anniversary, an additional 0.5% of the average monthly account value over the last two years will be credited to the policyholder's account value.
> Special booster
Every 15th policy anniversary, an additional 10% of the average monthly account value over the last 10 years will be credited to the policyholder's account value. The aggregate of all Special boosters is payable while the policy is still in force, and shall not exceed a maximum of 10% of the basic sum insured.
> Legacy booster
At the end of the initial coverage term, an additional 10% of the average monthly account value over the last 10 years will be credited to the policyholder's account value. The total amount payable is subject to 10% of the basic sum insured.
> Wellness rewards
For policies with a sum insured of RM1mil and above, subject to no claims made on the basic plan, policyholders will enjoy a 5% discount on insurance charges, rewarding you for prioritising your well-being.
3. Flexible solutions to meet your evolving financial needs
> Fund switching
Policyholders can adapt their investment strategy to changing market conditions by switching between available global and local investment-linked funds at any time, free of charge.
> Premium holiday
Take a break from paying premium returns without incurring penalties, as long as the account value is sufficient to cover the ongoing insurance and policy charges.
> Partial withdrawal
Access funds when needed for unexpected events, with a partial withdrawal charge applicable within the first two policy years.
With its dual focus on protecting your present and shaping your future, Generali's Wealth Creator Premier plan empowers you to embrace your post-career years with financial confidence, ensuring you can fulfil your dreams while securing a lasting legacy for your loved ones.
Sign up during the Wealth Creator Premier campaign from May 1-31 to receive up to two months' premium cashback, up to RM3,000.
Terms and conditions apply.
For more information, visit https://www.generali.com.my/savings-life-protection/wealth-creator-premier.
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