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Etiqa Esteem Legacy II can help to grow and preserve your estate and ensure those closest to you can continue with the lifestyle you aspire for them.
Loving someone entails doing your absolute best to provide for them. Giving your time, presence, and every luxury within your budget. Even beyond that, you aim to provide every comfort possible to those you care about, allowing them to continue to live their lives to the fullest.
It is equally crucial to ensure that your wealth is divided properly and efficiently among your loved ones, without causing any worry.
Esteem Legacy II is a personalized single premium whole life insurance plan that helps you retain your current lifestyle while leaving a legacy for loved ones.
The beauty of single premium whole life is that there will no longer be any premium commitments after all is properly set up. A male, age 50, non-smoker, only needs $358,020 to secure $1.2million sum assured under Etiqa Esteem Legacy II. (According to brochure use case example)
Background:
- Robin, male non-smoker, age 50, has $2.2million in cash. He plans to leave $400,000 each to his 3 children and use $1million for his retirement.
Situation:
- Intention to leave a total of $1.2million for his children cannibalizes intention for retirement.
Solution:
- With $1.2million sum assured guaranteed death benefit at a single premium of $358,020; Robin now has $1,841,980 for retirement.
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 Esteem Legacy II 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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