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The benefits of legacy planning in Singapore

Legacy planning is an important factor of wealth management that includes preparing for the transfer of assets and wealth to future generations. With legacy planning, individuals can protect their familyu2019s financial future and leave a lasting impact on future generations. There are various advantages of having a legacy plan that you may not be aware of. In this article, we will understand the many benefits of legacy planning in Singapore.

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The benefits of legacy planning in Singapore

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  1. The Benefits Of Legacy Planning In Singapore

  2. Legacy planning is an important factor of wealth management that includes preparing for the transfer of assets and wealth to future generations. With legacy planning, individuals can protect their family’s financial future and leave a lasting impact on future generations. There are various advantages of having a legacy plan that you may not be aware of. In this article, we will understand the many benefits of legacy planning in Singapore. Flexible Premium Terms: In legacy planning, you have the option of flexible premium terms to suit your financial needs. With single premiums or regular premiums, you can choose terms ranging from 3 to 30 years for USD dominated policies only. This allows you to customise your legacy plan according to your financial capabilities and long-term goals. Whether you choose the option for a single premium for immediate coverage or spreading payments over many years, these premium terms let you create a legacy plan that aligns with your objectives.

  3. Multiplier benefit: The multiplier benefit is a great feature in legacy planning. With this, you can enjoy higher protection until the age of 85 or even up to age 100. It acts as a multiplier on the original coverage amount, increasing the payout in the event of death. This makes sure that you can protect your legacy well into your senior years. By using this benefit, you can create a legacy plan that offers comprehensive protection throughout your lifetime. Option to change life assured: With this benefit, you can extend your legacy both personally and professionally. This policy allows you to designate a beneficiary who will get the payout upon your passing. But what if your circumstances change? There is a solution to that: Individual Policy: For individually owned policies, you have the flexibility to update your beneficiary once during the policy term, ensuring your legacy plan reflects your evolving needs.

  4. Capital Guaranteed For A Single Premium Policy: You can leave a lasting legacy with the peace of mind that comes from guaranteed capital protection. This single premium policy makes sure that your initial investment is fully protected. It offers guaranteed capital after 20 years from the start of the policy date for USD plans and 25 years from the policy start date for SGD plans. This guaranteed benefit provides stability to your legacy plan, making sure that your beneficiaries receive the intended sum regardless of market fluctuations. .

  5. Legacy planning is an important part of financial management that makes sure you can protect and transfer your wealth to future generations. You can create a tailored legacy plan that suits your unique needs and goals. Through this, you can safeguard your assets, support your family and leave a lasting impact. Legacy planning offers peace of mind and financial security and ensures that your legacy continues to thrive.

  6. THANK YOU Original Source:- The Benefits Of Legacy Planning In Singapore

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