Guaranteed Savings Plans

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• Education Savings Plan

  Investing in our children’s future is the cornerstone in preparing them to become successful and prominent members in their society or community. Education planning is one such activity to equip our children with main success pillar

  An education savings plan is designed to help you plan for the cost of higher education by guaranteeing the growth of your contributions over the years. All you need to do is tell us how much you want to target for your child’s education and we will provide you with the plan that will best facilitate your goals. The required amounts from your plan will then be paid out over a 3, 4 or 5 year period based on your education fees requirements.

  Contributions can be made regularly on a monthly, quarterly, semiannual or annual basis as well as in the form of single payment. It is imperative to note that the earlier you start saving toward your future goal the lesser the contribution amount that you are required to make.

  Example

  Scenario 1: You are 35 years old and have a new-born child. You are hoping to send your child to university at 17 years old and want to ensure a sum of $25,000 per annum over five years to cover education fees. In this case a Capital Guaranteed Savings plan could well be a good solution.

  COLLEGE ENTRY AGE - 17 Years
  Contribution Period	Plan Tenor	Desired college Entry Age	Required Contribution	Guaranteed College fee per annum (paid out for 5 years)*
  Annual regular premium	17	17	$6,414	$25,000

  
  Scenario 2: You are looking to get some returns as in Example 1 above, but you didn’t start planning for your child’s education until he was seven years old, therefore, a higher contribution will be needed to meet the same objective as in Example 1 above. We’ll assume once again that are 35 years old at the time you take out the plan.

  COLLEGE ENTRY AGE - 17 Years
  Contribution Period	Plan Tenor	Desired college Entry Age	Required Contribution	Guaranteed College fee per annum (paid out for 5 years)*
  Annual regular premium	10	17	$11,506	$25,000

  
  

  *The indicative average net investment composite yield generated by the strategy above was taken at an assumed growth rate of 4.00% p.a.

• Retirement Savings Plan

  Retirement should be the most enjoyable period of your life – the time to discover new hobbies, to travel the world or even start your own business.

  However, the ability to afford the lifestyle of your choice after retirement requires careful planning and savings.

  A Retirement Plan is the ideal tool to provide you with guaranteed benefits to help you retire on time while making sure your dreams of a happy retirement become a reality.

  All you need to do is tell us more about your goals and we will provide you with the plan that fits your needs. It is imperative to note that the earlier you start saving toward your future goal the lesser the contribution amount that you are required to make.

  Example

  Scenario 1: If you are 30 when you take out the plan and select a retirement age of 55, you would need to make contributions for 25 years. Let’s assume that you are targeting a guaranteed pension of $25,000 per annum, payable for life.

  DESIRED RETIREMENT AGE - 55 Years
  Desired Retirement Age	Plan Tenor	Required Annual Contribution	Guaranteed Retirement Income (payable for life)*
  55	25	$7,537	$25,000

  
  

  Scenario 2: Now, let’s take a different scenario. You are 45 and defer retirement until you’re 60, with 15 years to make contributions, targeting the same $25,000 per annum, payable for life.

  DESIRED RETIREMENT AGE - 60 Years
  Desired Retirement Age	Plan Tenor	Required Annual Contribution	Guaranteed Retirement Income (payable for life)*
  60	15	$15,356	$25,000

  
  

  * The indicative average net investment composite yield generated by the strategy above was taken at an assumed growth rate of 4.00% p.a.