AIA Guaranteed Protect Plus - Isaac Fang CFA, ChFC, CFP AIA Guaranteed Protect Plus - Isaac Fang CFA, ChFC, CFP
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AIA Guaranteed Protect Plus

AIA Guaranteed Protect Plus 1intro

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:

  • Deferred Premium Payment – where you get to enjoy the option to defer premium payment for 12 consecutive months if you are involuntarily retrenched.
  • Encash coverage for payouts – utilizing 50% or 100% of your coverage amount for its cash value to boost your retirement income for 10years.
  • Flexibility for more coverage – In the form of an option to purchase another whole life or endowment plan at major milestones with no medical questions asked.
AIA Guaranteed Protect Plus 2what
AIA Guaranteed Protect Plus features
AIA Guaranteed Protect Plus suitability

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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