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HSBC Life Wealth Abundance Unbiased In-Depth Review

HSBC Life Wealth Abundance Unbiased In-Depth Review

Last Updated on by Tree of Wealth

This investment plan is a novel addition to the portfolio of HSBC Life Investment Linked Policies. If your objective is to grow your wealth through investments, ensuring you meet your financial goals with confidence while providing a safety net for you and your loved ones, HSBC Wealth Abundance’s extensive range of benefits allows you to maximize your investment returns, generate additional revenue channels, and gain peace of mind with comprehensive life protection coverage.

Providing exclusive access to over 80 top-tier funds, and with the freedom of unlimited fund swapping and a low account management fee, HSBC Life Wealth Abundance is Cost-Effective and Guarantees Principal Protection (Upon Death) while reaping enticing bonuses along the way.

Let’s delve into some of the Key Benefits of HSBC Life Wealth Abundance:

HSBC Life Wealth Abundance Benefits At a Glance

The HSBC Life Wealth Abundance plan is designed to maximise your investment growth, bringing you closer to your financial goals:

• An account maintenance fee as low as 2.1% p.a. ensures that 100% of your monthly premiums are invested directly into the funds of your choosing, maximising your returns.

• The potential to generate additional income streams by investing in dividend-paying funds is available.

• The plan grants exclusive access to over 80 world-class funds, allowing you to diversify your portfolio. This includes Accredited Investor Funds:

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You can earn appealing bonuses throughout your investment journey:

• Begin with a start-up bonus of up to 12% p.a. on your 1st year regular premium(s).

• From the 5th year onwards until the end of the minimum investment period, receive a monthly power-up bonus of 0.1% p.a., based on the current value of your Regular Premium Account.

• After the end of the minimum investment period, enjoy a monthly loyalty bonus of 0.3% p.a. on the current value of the Regular Premium Account, further boosting your wealth.

The plan requires a limited commitment with just a 10-year Minimum Investment Period (MIP), offering flexibility that caters to your unique financial needs:

• You have the flexibility to adapt your investment strategy according to your financial circumstances, risk appetite, or investment outlook with unlimited fund switching.

• Enjoy two free partial withdrawals during MIP, with no withdrawal charge.

• Ad hoc withdrawals are possible from the 3rd year onwards and regular planned withdrawals are allowed after MIP.

• Ad hoc top-ups and recurring single premiums are permissible from the 13th policy month until the life insured turns 70 years old.

• The application process is hassle-free, with no medical examination required.

Peace of mind is guaranteed with life protection coverage extending up to age 99, along with complimentary accidental death coverage up to age 75.

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How HSBC Life Wealth Abundance Works

How HSBC Life Wealth Abundance Works

How HSBC Life Wealth Abundance Works
Source: HSBC Life

Analyzing Breakeven Yield P.A. $1,000/month Comparison

3 years 5 years 10 years 15 years 20 years 25 years 30 years
Singlife Savvy Invest 2.53% 2.13%2.26%

(Flexi)

2.35%2.39%

(Flexi)

NA 1.00% Na NA
HSBC Life Wealth Harvest NA NA NA 1.56% 0.81% 0.46% 0.28%
HSBC Life Wealth Abundance NA NA 1.89% 1.03% 0.71% 0.56% 0.48%
TM Atlas Wealth NA 2.32% 1.63% 1.49% 1.42% 1.37% NA
TM Go Treasures NA NA 2.05% 1.51% 1.15% 0.85% 0.72%
FWD Invest First Plus NA NA NA 1.44% 1.29% 0.99% 0.86%
Etiqa InvestBuilder NA 1.91% 1.49% 0.72% 0.48% NA NA
Etiqa Invest Smart Flex NA NA 1.0% 1.2% 1.2% NA NA

Find out more here:

Best Investment- Linked Policy Detailed In-Depth Comparison Singapore 2023

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Why HSBC Life Wealth Abundance is Good

The HSBC Life Wealth Abundance plan indeed stands out in the competitive market of investment solutions. Its low-cost structure ensures that you get the maximum return on your investments, without the burden of hefty fees. This means your money is working harder for you, maximizing your growth potential.

Additionally, this plan prioritizes your financial security by eliminating insurance charges on the sum at risk in the unfortunate event of the policyholder’s death. So that even during uncertain market conditions, your financial wellbeing or that of your loved ones isn’t compromised.

Moreover, the flexibility offered by HSBC Life Wealth Abundance is truly unparalleled. With a minimum investment period of just 10 years and the unique advantage of a premium holiday – allowing you a break from premium payments from the 37th month for up to 60 months – you have the freedom to adapt your investment strategy in response to changing personal circumstances.

In essence, the affordability, comprehensive coverage, and flexibility of the HSBC Life Wealth Abundance plan make it an exceptional choice for anyone looking to secure their financial future. Ready to take a step towards financial security?

Contact our financial advisors today to find out how you can leverage this unique plan to meet your financial goals.

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