HSBC Life Wealth Builder Review

HSBC Life Wealth Builder is a flexible, savings plan that allows you to potentially grow your wealth through long-term accumulation (up to age 120), giving the financial assurance you need for you, your child, possibly even your grandchildren.

HSBC Life Wealth Builder product details

• Life policy – Endowment and Saving policy
• Flexible Premium Term
  • You can choose to pay a single premium or over 5, 10 or 15 years
• Insurance Coverage
  • Coverage for Death and Terminal Illness (TI)
• Product Flexibility – Provides additional options during times of needs
  • Option to pause premium payments without the policy lapsing
  • While the plan builds its cash value, you can still have access to your savings whenever you need it to fund key milestones
• Policy continuity to ensure the cash value keep growing
  
  • Option to appoint your spouse or child as the Secondary Life Insured
• Disability Benefit
  • Remaining premiums are waived if you suffer from Total and Permanent Disability (TPD )
• Hassle-free Application
  • Enjoy guaranteed acceptance, no health questions asked
• Enhancement of coverage
  • Add on optional riders for better insurance coverage

Features of HSBC Life Wealth Builder at a glance

Cash and Cash Withdrawal Benefits
Cash value: Yes
Cash withdrawal benefits: Yes

Health and Insurance Coverage
Death: Yes
Total Permanent Disability: Yes, waives future premiums
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
Major Cancer Premium Waiver

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.

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HSBC Life Wealth Builder may be suitable if you are looking for

HSBC Life Wealth Builder may potentially be a good fit if the following matters to you:

• Liquidity or flexibility of withdrawal in your Insurance policy.
• A hassle-free application without medical underwriting
• Medium to long-term endowment and savings plan
• To saving regularly over a period of time
• To potentially generate higher financial returns compared to bank accounts
  
  

In-depth Review: 4 Best Endowment Savings Plans in Singapore for Wealth Accumulation (Updated)

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HSBC Life Wealth Builder may not be suitable if you are looking for

HSBC Life Wealth Builder 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
• Lifetime regular cash payout
• 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: How much insurance coverage do you really need in Singapore (Updated)

Further considerations on HSBC Life Wealth Builder

• How is HSBC Life or HSBC Life Wealth Builder investment returns based on historical performance?
• How does HSBC Life Wealth Builder compare with Endowment policies from other insurance companies?
• Can HSBC Life Wealth Builder fulfill my financial, insurance, health and protection needs?
  
  

The above information may not fully highlight all the product details and features on HSBC Life Wealth Builder. Talk to us or seek advice from a financial adviser before making any decision about HSBC Life Wealth Builder.

Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering to take up.

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Is HSBC Life Wealth Builder suitable for me?