Great Eastern Prestige Life Rewards 3 Review

The complete Pros and Cons on Great Eastern Prestige Life Rewards 3

A legacy plan, Great Eastern Prestige Life Rewards 3 offers lifetime future-proof monthly income and coverage against Death and Terminal Illness with only one premium paid.

Great Eastern Prestige Life Rewards 3 product details

  • Life policy – Universal Life Insurance
  • Coverage
    • Be covered 105% of total standard premiums paid against Death and Terminal Illness on top of any bonuses
  • Premium Payment
    • Pay only a one-time lump sum premium
  • Monthly Income
    • Receive guaranteed monthly income for life from the 4th policy year onwards
  • Future-proof Income
    • Monthly income will increase every 5 years from the 4th to the 19th policy year to ensure your income is future-proofed against inflation
  • Payout Options
    • You can choose to receive monthly income or accumulate them at the prevailing interest rates for higher returns
    • You can choose to bestow all your savings to your child

Read About3 things to consider before taking up a new financial product

Features of Great Eastern Prestige Life Rewards 3 at a glance

Cash and Cash Withdrawal Benefits

Cash value: Yes
Cash withdrawal benefits: No

Health and Insurance Coverage

Death: Yes
Total Permanent Disability: No
Terminal Illness: No
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

NA

Additional Features and Benefits

Yes.

For further information and details, refer to Great Eastern website. Alternatively, fill-up the form below and let us advise accordingly.

Read aboutHow can I accumulate a million dollar (Realistically)

Read about: The Complete Guide to Retirement Planning (2020 Edition)

Great Eastern Prestige Life Rewards 3 may be suitable if you are looking for

Great Eastern Prestige Life Rewards 3 may potentially be a good fit if the following matters to you:

  • Regular cash payout upon your desired retirement age
  • Leave a lump-sum for your dependents when you pass on
  • Insurance options without medical underwriting
  • Do not need access to the funds until retirement
  • To potentially generate higher financial returns compared to bank accounts
  • A one-time premium commitment with no further cash commitment

Great Eastern Prestige Life Rewards 3 may not be suitable if you are looking for

Great Eastern Prestige Life Rewards 3 may potentially be a bad fit if the following matters to you:

  • Health and Protection coverage
  • High insurance coverage for Death or Terminal Illness
  • High insurance coverage for Early Critical Illness, Critical Illness or Total Permanent Disability
  • 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: Why should you choose a shorter premium term on your insurance policies

Further considerations on Great Eastern Prestige Life Rewards 3

  • How is Great Eastern or Great Eastern Prestige Life Rewards 3 investment returns based on historical performance?
  • How does Great Eastern Prestige Life Rewards 3 compare with retirement plans and annuity policies from other insurance companies?
  • Can Great Eastern Prestige Life Rewards 3 fulfill my financial, insurance, health, and protection needs?

The above information may not fully highlight all the product details and features on Great Eastern Prestige Life Rewards 3. Talk to us or seek advice from a financial adviser before making any decision about Great Eastern Prestige Life Rewards 3.

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

Read about3 best Retirement plans and Annuity policies in Singapore (2020 Edition) *Updated*

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