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When is the right time to start planning for your family? Grow your wealth, preserve your legacy and start planning ahead for your needs with this indexed universal life insurance policy by Manulife Singapore
The world is currently experiencing one of the worst health crises that will inadvertently have an impact on the economy. Understandably, it is now more important than ever to safeguard your wealth and protect your family, including your children and the generations ahead.
If preserving and growing your accumulated wealth for future generations is important to you, Manulife’s Signature Indexed Universal Life Select policy could be suitable for your needs. It is designed for those who are seeking greater control over their legacy, with the advantage of potentially higher returns via an index account while limiting your exposure to market risks. The plan also allows you the flexibility of five different options to allocate premiums according to your preference.
The policy helps you plan ahead according to these three main aspects of your needs: legacy planning, business continuity and estate liquidity. To put it simply, you will get to distribute your wealth according to your wishes; protect the most valuable employee within your business, and divide your estate equally.
What is legacy planning?
Fundamentally, legacy planning involves distributing your assets and money accumulated over the years, according to your wishes. It's meant to support your family and future generations, so if done properly, your loved ones will be well taken care of should something unfortunate and unexpected happen to you.
(Related: 5 Ways To Successfully Manage A Generational Transfer Of Wealth)