Last Updated on by Tree of Wealth
The AIA Smart Wealth Builder II is a legacy endowment plan that has the flexibility to withdraw the accumulated cash value when you need it and leave to compound should you not need it. This plan comes with versatility as well as endowment and protection elements.
Features At a Glance for the AIA Smart Wealth Builder
- Choice of Single Premium or regular premium of 5, 10, 15 or 20 years.
- Choose to save it in USD or SGD
Wealth Accumulation Until Age 125
- The long horizon of the savings term helps accumulate and compound the wealth as the plan only matures at age 125.
- No medical check-up, no health underwriting procedure. Issuance of the plan is guaranteed.
Early Break-Even – Capital Guaranteed
- Total Premiums in SGD paid will break even at the end of the 15th year of the policy regardless of the premium payment term, be it 5, 10, 15 or 20 years.
- USD version will break even on the 13th year
- Pays out in the event of death, tpd (total permanent disability) as well as terminal stage illnesses
Secondary Life Insured (SLI)
Choose to appoint your child below 16 years old or spouse as the secondary life insured to continue accumulating your wealth and growing with them through their lifetime.
Policy will only expire on the 125th birthday of the primary policyholder (which is you). Even if the primary policy holder is no longer around (death occurs), the plan will act as an ongoing wealth compounding interest garnering instrument for the SLI.
This is especially useful for long term and even to leave it to the next generation. This is because traditional savings plan will be terminated upon death.
However as the supposed accumulation compounding period is until age 125 of the primary policy holder, it will literally compound for decades for the next generation.
How AIA Smart Wealth Builder Works
Comparison With Similar Plans
SmartWealth Builder II
|20 Years||20 Years|
|Value at the end of 20th year||$106,050
Plan continues to grow until you are 100 years old
Plan continues to grow until you are 125 years old
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Conclusion for AIA Smart Wealth Builder II
AIA’s Smart Wealth Builder II is a flexible endowment plan that encompasses protection and endowment, with legacy planning in mind.
More insurers are heading towards this as a nod to the market’s need and demands for flexibility and versatility, which is useful for children’s education, buying term and investing and even retirement plans.
However when it comes to the right endowment policy, it is important to compare with similar products in the market to find out which gives you the most value, because at the end of the day, the commitment is on the policy holder.
To find the most suitably plan based on your concerns and needs, simply fill in the form below and our friendly partnered licensed FA advisor will get in touch with you.
Based on your needs, a custom made solution will be adjusted only addressing your concern with no obligations nor hidden fees.
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