Connect!

April 2014

AIA Family First Secure 

 

In 2011, Total Protection Needs of Singaporean working adult: S$1,193 billion.

Total Life Insurance Coverage: S$609 billion.

Protection Gap = S$462 billion 

 

 

 

 

 

 

 

 

41% of Singaporeans revealed they have never saved for retirement.

Close to 90% of Singaporeans are unsure they can afford a comfortable retirement.

AIA Family First Secure keeps up with your ever-evolving needs.

We know how life is constantly changing and how these changes bring about many distinct challenges. New sets of needs also arise as you journey through life. With new priorities, you will have to make new financial decisions. We are here to provide you with the solution.

As you progress through different life stages, you might find that your needs change accordingly. Landing your ideal job. Marriage. Putting the down payment on your dream house. Saving for your child's university education. Planning for your retirement. Welcoming your first grandchild. What you need is a financial plan that can keep up with you.

AIA Family First Secure is a regular premium investment-linked plan (ILP) that evolves with your life. It meets your protection needs in the earlier years and saving needs in your later years.

 

 

 

 

 

 

 

 

 

 

 

 

AIA Family First Secure offers you a twofold advantage all in one plan: financial protection when you need it the most and opportunities to build your wealth as you grow older.

 

With AIA Family First Secure, you can bridge your protection gap with affordable premiums from as low as S$100 per month. You can also get a head start in your financial journey by beginning your wealth planning early.

 

 

 

 

 

 

Critical illnesses are on the rise and healthcare costs are getting increasingly expensive. The optional Early Critical Protector rider can take your financial stress away, offering protection against up to 89 Medical Conditions and 6 Special Conditions.

In the later years, you can potentially enjoy the rewards of long-term investing when your policy cash value increases from the growth of the investment returns.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

An Example

Christopher Lim is a 35-year-old, non-smoking accountant. As a father of two kids and the sole breadwinner, he needs a plan that can offer him a high level of protection. He also wants to start planning for his retirement.

He purchases an AIA Family First Secure plan with a sum assured  of S$100,000 that gives him coverage against Death and TPD. He adds on the Early Critical Protector rider to enjoy coverage against critical illnesses with a sum assured of S$100,000. Christopher pays an annual premium of S$2,500 for this basic policy and rider. To enjoy  more complete coverage, he also adds on the Critical Protector Waiver of Premium rider at an annual premium of S$328.25.

At 55, Christopher gets diagnosed with early stage Prostate Cancer. He receives a lum sum of S$100,000 under the Early Critical Protector rider and his basic policy continues to provide him with Death and TPD cover for S$100,000 while his savings continue to grow.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The cancer later progresses into an advanced stage and his future premiums for his policy are waived while his policy's investments continue to accumulate. With this, Christopher can focus on his treatment without having to worry about the high costs of medical care.

These are the projected values of Christopher's plan when he turns 65.
 

 

 

 

 

 

 

 

 

 

Should Christopher pass away at age 65, his family can receive a Death Benefit of S$100,000 based on a projected returns of 4% p.a or S$116,800 based on a projected returns of 8% p.a.