AIA Guaranteed Protect Plus (IV) is designed to provide whole life protection with limited premium payment tenure, and provide a unique multiplier feature to boost coverage up to 5 times. This plan accumulates a cash value over time as well.
Some other benefits that deserve mention include:
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.
AIA Guaranteed Protect Plus 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.
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