Great Eastern Family3 product details
- Life policy – Whole Life Policy
- A whole life savings plan that offers unique benefits for three generations: yourself, your child, and your grandchild
- After your premium term ends, you’ll receive a guaranteed payout every year, for the rest of your life
- You’ll also get an annual cash bonus from the end of your plan’s second year to its ninth year – and this will increase from the plan’s 10th year
- Offers lifelong coverage against death, terminal illness, and total and permanent disability
- You can grow your wealth by reinvesting the plan’s annual payouts at an annual interest rate of 3%. You also have the freedom to withdraw your returns at any time
- You can pay your premiums over 10 or 15 years, or make a one-time payment on a 10-year plan and enjoy a 5% discount
Great Eastern Family 3 is a common search alternative for Great Eastern Family3.
Read About: Whole Life Policy: How does it work?
In-depth Review: 3 Best Whole Life Plans in Singapore for Insurance Coverages (2020 Edition)
Features of Great Eastern Family3 at a glance
Cash and Cash Withdrawal Benefits
Cash value: Yes
Cash withdrawal benefits: Yes
Health and Insurance Coverage
Total Permanent Disability: Yes
Terminal Illness: Yes
Critical Illness: No
Early Critical Illness: No
Health and Insurance Coverage Multiplier
Total Permanent Disability: No
Terminal Illness: No
Critical Illness: No
Early Critical Illness: No
Optional Add-on Riders
Additional Features and Benefits
For further information and details, refer to Great Eastern website. Alternatively, fill up the form below and let us advise accordingly.
Read About: Effects of compounding returns
Great Eastern Family3 may be suitable if you are looking for
Great Eastern Family3 may potentially be a good fit if the following matters to you:
- Higher protection for Death and Terminal Illness coverage at an affordable premium.
- Higher 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.
- Accumulating cash value in the policy for financial returns in the long-term.
- Paying premiums only for a limited number of years and enjoying coverage for a lifetime.
Read About: How much insurance coverage do you really need in Singapore *NEW*
In-depth Review: Term life vs Whole life – Which is better for you?
Great Eastern Family3 may not be suitable if you are looking for
Great Eastern Family3 may potentially be a bad fit if the following matters to you:
- Liquidity or flexibility of withdrawal in your Insurance policy.
- Access to cash from your policy on a regular basis.
- Insurance policy with a high surrender value in the early years of the policy.
- Potentially higher financial returns compared to a pure investment product.
In-depth Review: 3 Best Endowment Savings Plans in Singapore with Lifetime Wealth Accumulation (2020 Edition)
In-depth Review: 3 Best Investment Linked Policies in Singapore for Wealth Accumulation (2020 Edition)
Further considerations on Great Eastern Family3
- How is Great Eastern or Great Eastern Family3 investment returns based on historical performance?
- How does Great Eastern Family3 compare with Whole Life Policy from other insurance companies?
- Can Great Eastern Family3 fulfil my financial insurance, health and protection needs?
The above information may not fully highlight all the product details and features on Great Eastern Family3. Talk to us or seek advice from a financial adviser before making any decision about Great Eastern Family3.
Read About: Where do you start with financial planning?
Compare before you commit
Before committing to a whole life insurance policy, it certainly pays to make an effort to compare. Specific products features, benefits and payout 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?
Even worse, to know you can compare whole life insurance plans here, 100% free of charges on the InterestGuru.sg platform.
Is Great Eastern Family3 suitable for me?
Contact InterestGuru using the form below. Our panel of Independent financial planners will advise accordingly, based on your financial profile and protection needs.
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