What is the duration of life protection offered by the plan?

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The Wealth Up Savings Insurance Plan offers 20 years of life protection.

The Wealth Up Savings Insurance Plan provides a 20-year period of life protection for the insured individual. This comprehensive coverage is offered alongside a notably short premium payment term, requiring premiums to be paid for only two years. The plan is designed to offer a balance between wealth accumulation and financial risk management, catering to medium-to-long term financial goals such as education funds or retirement reserves.
Short Premium Payment Term with Extended Life Protection

A key feature of the Wealth Up Savings Insurance Plan is its structure, which allows for a 20-year life protection period to be secured with a premium payment commitment of just two years. This arrangement aims to provide policyholders with extended security while minimizing the duration of their premium obligations. The plan also includes options for premium prepayment, flexible death settlement choices, and a straightforward application process that does not require a medical examination.
Potential for Higher Returns

Upon policy maturity, the Wealth Up Savings Insurance Plan projects a total return rate of up to 4.46% per annum. This projected return is contingent upon several factors, including the successful application of a USD policy, no policy loans, no partial surrenders or withdrawals, and all premiums being paid on time. Additionally, a 13% first-year premium discount and a 5% premium prepayment discount for the second year's premium contribute to achieving this potential return.
Additional Benefits and Features

Beyond its core life protection and savings components, the plan offers additional benefits. A Terminal Dividend, which is non-guaranteed, may be payable under specific circumstances such as policy surrender, the death of the life insured, or upon policy maturity, provided it is after the fifth policy year. The death benefit itself is structured to be 101% of total premiums paid for the first five policy years, and for policy years six through twenty, it is the greater of 105% of total premiums paid or 100% of the guaranteed cash value at the time of death, plus any applicable Terminal Dividend.

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What is the duration of life protection offered by the plan?

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