Etiqa Invest Smart Flex is an investment-linked plan with premium terms of 10, 15, or 20 years to choose from. It has a policy term to 100. Check if ILPs are good or not for you before you dive further. But I can tell you that over the years some newer features have come about and this plan captures them.
In end, be mindful that premium commitments can be stressful during periods of unemployment and premium free does not mean mortality charges cease to apply during those periods.
Some things to note. This review 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.
There can be shifts in planning narratives over time. For example, limited premium tenures gain popularity over the years because people are less confident of their future earning capacity or sustainability of income levels. Regular payout features gained popularity when more and more people are in tune with the FIRE (Financial independence retire early) movement. An extended period of low interest rates brought down insurance products’ returns yield for policy holders, but now in a rising interest rates environment, things are set to change.
Etiqa Invest Smart Flex 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.