Your promises lives on with Emerald Legacy Life Plan
When you promised your family that all their wants and aspirations will be fulfilled, it wasn’t just for a lifetime. Legacy planning ensures that your hard-earned wisdom and wealth lasts for generations to come. We value these promises and are here to help you grow your legacy without compromising your retirement plans.
A single premium whole life plan, Emerald Legacy Life Plan lets you grow your legacy so your family can enjoy the comforts you promised and last for generations to come.
- Basic CoverageDeath and terminal illness coverage up to age 99.
- Maximum ValueBased on your current health and lifestyle, you may enjoy protection cover with lower premium.
- Single Premium with Currency OptionFlexibility to pay a single premium in either SGD or USD.
- Replacement of Life InsuredOption to replace the life insured when the need arises, for both corporate and individual policies. You may change the life insured as long as the new life insured meets our requirement at the time of application.
Enjoy greater coverage with these one-of-a-kind benefits:
Flexibility to Extend Minimum Protection Cover
The economy can be unpredictable due to market volatility. Ensure that you are well covered with the option to extend your Minimum Protection Cover (MPC) with Life Extender Multiplier, by maintaining your MPC at 100% or reducing it to 80%. Fund it with additional premiums or request a policy loan.
Guaranteed Cash Value
What else should I know?
As buying a life insurance policy is a long-term commitment, an early termination of the policy usually involves high costs and the surrender value, if any, that is payable to you may be zero or less than the total premiums paid. It is also detrimental to replace an existing life insurance policy with a new one as the new policy may cost more or have fewer benefits at the same cost.
2Terminal Bonus is not guaranteed and may be paid in addition to the reversionary bonus upon surrender, death or maturity of the Policy. The rate of terminal bonus is based on a percentage of the reversionary bonus(es) accumulated under the Policy.
Emerald Legacy Life Plan is underwritten by HSBC Insurance (Singapore) Pte. Limited (Reg. No. 195400150N) and distributed by HSBC Bank (Singapore) Limited ("HSBC"). It is not an obligation of, a deposit in, or guaranteed by, HSBC. This product is also sold through certain authorized distributors of HSBC Insurance.
This webpage contains only general information and does not have regard to the specific investment objectives, financial situation and particular needs of any specific person. It does not constitute an offer to buy or sell an insurance product or service. A copy of the Product Summary in relation to Emerald Legacy Life is available and can be obtained from our authorized product distributor. A person interested in this product should read the product summary for details and seek advice from a qualified Financial Adviser before deciding whether to buy this product. Please also refer to the exact terms and conditions, specific details and exclusions applicable in the policy documents that can be obtained from the Financial Adviser.
Policy Owners' Protection Scheme
This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the Life Insurance Association (LIA) or SDIC websites: www.lia.org.sg or www.sdic.org.sg.
Information is correct as at 30 March 2020.
This advertisement has not been reviewed by the Monetary Authority of Singapore.
This material is issued by HSBC Bank (Singapore) Limited.