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AIA Platinum Indexed Legacy, an Indexed Universal Life plan that expands the horizons of what your legacy can accomplish, while safeguarding the wealth you’ve already amassed. Enjoy stability through a fixed account offering a minimum guaranteed crediting rate. Tap into greater growth potential through a globally recognized index, enhanced by special bonuses starting from the 11th year.
A legacy extends beyond merely serving as a secure refuge for future generations. It can also act as a catalyst, propelling them towards their own triumphs. Ensure protection against market downturns, preserving your wealth regardless of market volatility. Additionally, relish the freedom to allocate your inheritance according to your preferences.
AIA Platinum Indexed Legacy death benefit bequest option is useful when you are concerned about the beneficiaries’ ability to handle the large inheritance. The option allows the monies be disbursed over 10 years, sustaining lifestyles and ensuring long term financial stability.
Estate equalization seems to be in trend among Universal Life plans of late. It is best described with a situation.
Jason, age 50, has amassed assets totaling US$28.3M. He intends to hand over the family business to his son, while splitting the cash and properties between his wife and daughter. He wishes for his wealth to be disbursed fairly upon his passing. The disparity in the worth of Jason’s assets makes it difficult to achieve an equal distribution of his wealth.
Jason purchases AIA Platinum Indexed Legacy and pays a single premium of US$6.3 million for a coverage amount of US$35 million. This enhances his legacy from US$22M to US$57M upon his passing. With the greater influx of cash from the insurance proceeds, his family members are each able to receive an equal share of his assets. (ie Cash smoothens out the uneven prior distribution plan.)
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 Platinum Indexed Legacy 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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