3 Generation Income
A Legacy Gift That Lasts for Generations
We have worked hard and accumulated wealth for ourselves and loved ones. Why not make your wealth work harder for you and provide a lifelong income and financial security for your generations to come?
At Terkaya Wealth, we are specialized in creating a gift for your next generations and a legacy which will be remembered by them.
Mr Ong created a legacy by being the policy owner and his son (David) being the life insured (with basic sum insured of $500,000) in the mentioned financial solution.
He pays an annual premium of $41,669.19 for ten years. At the end the tenth year, Mr Ong starts to receive coupons of $19,350 yearly. He can assign the policy to his son at any time. Once the policy has been assigned, David will then continue to receive $19,350 yearly for a lifetime.
When David passes on at an older age, the sum insured and reversionary bonus (if any) will be paid to his child (who is Mr Ong’s grandchild).
To understand more about this “10 years’ saving for a lifetime of security” 3 generations’ gift of love, please contact our Terkaya Wealth Relationship Managers.