According to Steve Hickman, CEO of Swisslife Singapore, Swiss Life Gemstone is a response to the emerging trends in the Asian market. As extracted from the website (see link after this paragraph), Swiss Life Singapore has two core products. The Life Asset Portfolio (LAP) is a wealth structuring solution offering limited liquidity on death of up to USD25k (based on latest product information), and Alpha is a Variable Universal Life (VUL) product that can provide a high death benefit. Swiss Life Gemstone fits between these products as a hybrid – it can meet a client’s wealth structuring needs but also provide a flexible amount of insurance coverage.
What are the benefits and opportunities of Swiss Life Gemstone’s flexible approach?
Combining competitive pricing and flexible death benefit coverage, Gemstone is unique in the market. Its open architecture provides clients with investment management flexibility alongside insurance protection. Offering the choice of eight major currencies, the policyholder can also designate his own asset manager and custodian. Plus, premiums may be paid in the form of cash or by transfer of existing assets.
Some things to note. This post will get dated. And the product might not be available for new subscriptions at some point. Hopefully this serves as reference for future policyholders who have forgotten what they have taken up.
Swiss Life Gemstone may or may not fit into your financial plans. Understand that there is no best plan for all time, but there is a method to objectively facilitate your decisions. Read more about it here.