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Sample Recommendations
(Note to Representative: Please Do Not copy verbatim. You would have to tailor your
recommendations to the unique situation of your client.)
Sample Recommendation: Protection of Family in the event of Death and cover for Critical
Illness
Budget
• $2,400 per year cash
Client’s Need(s)
• Family income protection in the event of premature death due to illness or accident and
to cover for critical illness.
• Shortfall amount: Death - $400,000, Critical Illness - $400,000 and Accident coverage $100,000
• Client risk profile: Moderately Conservative
Plan(s) Recommendation
Plan: EssentiaI Living Term Assurance 30 years
• Sum assured: $400,000
• Annual premium: $2,092.00
Rider 1: AccidentCare II (Accidental Death and Disablement Benefits)
• Sum assured: $90,000
• Annual premium: $83.70
•
Rider 2: AccidentCare II (Accidental Death, Disablement & Medical Benefits)
• Sum assured: $10,000
• Annual premium: $32.50
Total premium: $2,208.20 per year
•
Proposer: Michael Tan
Life Assured: Michael Tan
Plan: Essential Living Term Assurance 30 years
Reason(s) for Recommendation
• I recommend this plan to meet your needs for family income protection in the event of
premature death and to cover for critical illness.
• Based on the sum assured, it would be able to meet your needs.
Benefit(s) of Plan
• Essential Living Term is a regular premium term policy.
• The plan provides death, total & permanent disability (TPD) benefit and critical illness
coverage for the next 30 years.
• The sum assured will be payable in one lump sum upon death, TPD or diagnosis of one
of the 30 critical illnesses.
Limitation(s) of Plan
• If death, TPD or critical illness does not occur within the next 30 years, then nothing is
payable under the policy.
• Premium rates are not guaranteed and may be adjusted based on future experience.
• There is no cash value under this policy.
Information is correct as at Jun 2012
Version 0.6
For Internal Use Only
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Sample Recommendations
(Note to Representative: Please Do Not copy verbatim. You would have to tailor your
recommendations to the unique situation of your client.)
Rider 1: AccidentCare II (Accidental Death and Disablement Benefits)
Reason(s) for Recommendation
• I recommend this accident rider to meet your need for personal accident coverage.
• Based on the sum assured, it would be able to meet your need.
Benefit(s) of Rider
• AccidentCare II (Accidental Death and Disablement Benefits) is a regular premium
personal accident rider.
• The rider provides coverage for death & permanent disablement as a result of accident.
Limitation(s) of Rider
• There is no cash value under this rider.
• The benefits payable are subject to the limits under the table of compensation in the
product summary.
Rider 2: AccidentCare II (Accidental Death, Disablement & Medical Benefits)
Reason(s) for Recommendation
• I recommend this accident rider to meet your need for personal accident coverage.
• Based on the sum assured, it would be able to meet your need.
Benefit(s) of Rider
• AccidentCare II (Accidental Death, Disablement & Medical Benefits) is a regular
premium personal accident rider.
• The rider provides coverage for death, permanent disablement, medical expense
reimbursement and hospitalisation as a result of accident.
• The rider provides reimbursement of expenses incurred within 365 days of the Accident,
up to 50% of Cash Sum Assured, of which includes expenses incurred for treatment
provided by a registered traditional Chinese medical practitioner, up to $500 for each
Accident, excluding the first $50.
• Upon hospitalization, it provides hospital cash benefit of 0.3% of Cash Sum Assured for
each day the Life Assured is hospitalized as a result of the Accident.
Limitation(s) of Rider
• There is no cash value under this rider.
• The hospital cash benefit will be payable if the Life Assured is hospitalized within 36
hours of the Accident, and confined for at least 12 consecutive hours. The duration of
benefit payment shall not exceed 180 days.
• The benefits payable are subject to the limits under the table of compensation in the
product summary.
Important Note
• Please refer to the Benefit Illustration and Product Summary for more details.
• Before making any long-term financial commitment, it is advisable to ensure that:
− You have enough cash reserves to last at least 6 months of living expenses.
− You have adequate insurance cover to provide for you and your family.
Information is correct as at Jun 2012
Version 0.6
For Internal Use Only
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Sample Recommendations
(Note to Representative: Please Do Not copy verbatim. You would have to tailor your
recommendations to the unique situation of your client.)
Sample Recommendation: Family Income Protection and Long Term Investment
Budget
• $3,000 per year cash
Client’s Need(s)
• Family income protection in the event of premature death, total & permanent disability and to plan
for long term investment.
• Shortfall amount: Death - $400,000, Total & Permanent Disability - $400,000 and Long Term
Investment in 25 years’ time - $200,000
• Client risk profile: Aggressive
Plan(s) Recommendation
• Smart Protect (RP) II
• Sum assured: $200,000
• Annual premium: $3,000.00
• 50% GreatLink ASEAN Growth Fund, 50% GreatLink Enhancer Fund (Product Investment Risk:
Higher)
•
Proposer: William Tan
Life Assured: William Tan
Reasons() for Recommendation
• I recommend this plan to meet your needs for income protection and regular investment for long
term.
• Based on the Benefit Illustration, the sum assured and projected total investment value (TIV) will
only be able to meet your needs partially due to budget constraint.
• We will review the shortfall in 1 year’s time.
Benefit(s) of Plan
• Smart Protect (RP) II Plan is a regular premium whole life Investment-Linked Policy.
• The plan provides Death and Total & Permanent Disability Benefit in the form of Sum Assured
plus Total Investment Value. You can choose to vary the sum assured and the premium.
• It allows access to diversified investment portfolio and allows partial withdrawal of the TIV.
Limitation(s) of Plan
• Due to the low premium allocation rate in the initial years, you are advised to hold the plan for long
term.
• The TIV is not guaranteed and is subject to the performance of selected funds. The funds’
performance is not guaranteed. Past performance of the funds is not indicative of their future
performance.
Important Note
• Please refer to the Benefit Illustration and Product Summary for more details.
• Before making any long-term financial commitment, it is advisable to ensure that:
− You have enough cash reserves to last at least 6 months of living expenses.
− You have adequate insurance cover to provide for you and your family.
Information is correct as at Jun 2012
Version 0.6
For Internal Use Only
3
Sample Recommendations
(Note to Representative: Please Do Not copy verbatim. You would have to tailor your
recommendations to the unique situation of your client.)
Sample Recommendation: Savings
Budget
• Single lump sum $50,000 cash
Client’s Need(s)
• Savings need to purchase a boat in 5 years’ time
• Shortfall amount of $100,000
• Client risk profile: Conservative
Plan(s) Recommended
• 5-year Choice Saver (Series 3)
• Sum assured: $52,500
• Single premium: $50,000.00
•
Proposer: Dennis Tan
Life Assured: Dennis Tan
Reason(s) for Recommendation
• I recommend this plan to meet your need for savings purpose.
• Based on the Benefit Illustration, the projected cash value can only meet your need
partially due to your budget constraint.
• We will review the shortfall in 1 year’s time.
Benefit(s) of Plan
• 5-year Choice Saver (Series 3) is a single premium participating endowment plan.
• This plan provides financial protection against death or total & permanent disability
during the policy term and a projected maturity benefit at the end of the policy term.
Limitation(s) of Plan
• Early termination of the plan would result in capital loss.
• The guaranteed death benefit is reduced to 101% of single premium during the first 2
policy years.
• The future bonuses which have yet to be declared are not guaranteed.
Important Note
• Please refer to the Benefit Illustration and Product Summary for more details.
• Before making any long-term financial commitment, it is advisable to ensure that:
− You have enough cash reserves to last at least 6 months of living expenses.
− You have adequate insurance cover to provide for you and your family.
Information is correct as at Jun 2012
Version 0.6
For Internal Use Only
4
Sample Recommendations
(Note to Representative: Please Do Not copy verbatim. You would have to tailor your
recommendations to the unique situation of your client.)
Sample Recommendation: Education Savings
Budget
• $1,600 per year cash
Client’s Need(s)
• High priority savings need for child’s education fund in 18 years’ time
• Shortfall amount of $60,000
Plan(s) Recommended
Plan: 18-Year Endowment Classic Plan
• Sum Assured: $20,000
• Annual premium: $1,386.80
Rider: Payer Benefit (Living Assurance) Rider III
• Rider term: 18 years
• Annual premium: $116.80
Total premium: $1,503.60 per year
•
Proposer: Dennis Tan
Life Assured: Daisy Tan (Child)
Plan: 18-Year Endowment Classic Plan
Reason(s) for Recommendation
• I recommend this plan to meet your need for Child’s Education.
• Based on the Benefit Illustration, this plan can only meet your need partially due to your budget
constraint.
• We will review the shortfall in 1 year’s time
Benefit(s) of Plan
• 18-Year Endowment Classic Plan combines savings with insurance so as to provide a lump sum
savings for your child upon maturity.
• The sum assured will be payable upon death or total & permanent disability of the life assured
during the policy term.
Limitation(s) of Plan
• The maturity benefits are not guaranteed.
• Early termination of the plan would result in capital loss.
Rider: Payer Benefit (Living Assurance) Rider III
Reason(s) for Recommendation
• I recommend this rider to meet your need for waiver of premium.
Benefit(s) of Rider
• The payer benefit (living assurance) rider III is designed to provide cover to the payer up to the
rider term.
• The payment of all future premiums will be waived if the payer dies, becomes totally &
permanently disabled or diagnosed to be suffering from one of the 30 critical illnesses.
Information is correct as at Jun 2012
Version 0.6
For Internal Use Only
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Sample Recommendations
(Note to Representative: Please Do Not copy verbatim. You would have to tailor your
recommendations to the unique situation of your client.)
Limitation(s) of Rider
• Premium rates are not guaranteed and may be adjusted based on future experience.
• There is no cash value under this rider.
Important Note
• Please refer to the Benefit Illustration and Product Summary for more details.
• Before making any long-term financial commitment, it is advisable to ensure that:
− You have enough cash reserves to last at least 6 months of living expenses.
− You have adequate insurance cover to provide for you and your family.
Information is correct as at Jun 2012
Version 0.6
For Internal Use Only
6
Sample Recommendations
(Note to Representative: Please Do Not copy verbatim. You would have to tailor your
recommendations to the unique situation of your client.)
Sample Recommendation: Retirement Planning
Budget
• $400 per month cash
Client’s Need(s)
• Retirement income in 30 years’ time
• Shortfall amount of $600,000
• Client risk profile: Moderately Aggressive
Plan(s) Recommended
• Smart Invest (RP) Plan
• Sum Assured: $10,000 (Accidental death only)
• Greatlink Global Equity Fund (ILP Fund Risk classification: Higher risk/broadly diversified): 100%
of investment
• Monthly Premium: $400.00
•
Proposer: Marcus Lim
Life Assured: Marcus Lim
Reason(s) for Recommendation
• I recommend this plan to meet your need for retirement planning.
• Based on the Benefit Illustration, the projected cash value can only meet your need partially due to
your budget constraint.
• We will review the shortfall in 1 year’s time.
Benefit(s) of Plan
• Smart Invest (RP) Plan allows access to diversified investment portfolio and allows partial
withdrawal.
Limitation(s) of Plan
• The total investment value is not guaranteed and is subject to the performance of selected fund.
The fund’s performance is not guaranteed. Past performance of the fund is not indicative of the
future performance.
• Note that the sum assured is payable only upon accidental death before age 80.
Important Note
• Please refer to the Benefit Illustration and Product Summary for more details.
• Before making any long-term financial commitment, it is advisable to ensure that:
− You have enough cash reserves to last at least 6 months of living expenses.
− You have adequate insurance cover to provide for you and your family.
Information is correct as at Jun 2012
Version 0.6
For Internal Use Only
7
Sample Recommendations
(Note to Representative: Please Do Not copy verbatim. You would have to tailor your
recommendations to the unique situation of your client.)
Sample Recommendation: Hospitalisation Expenses
Budget
• $500 per year per person (CPF Medisave account)
• $1000 per year for client and spouse (cash)
Client’s Need(s)
• Reimbursement of hospitalisation expenses for client and spouse in Singapore restructured
hospital Class A Ward and reimbursement of hospital expenses incurred worldwide.
Plan(s) Recommended
Plan 1: SupremeHealth Plan – A Plus
• Annual benefit limit: $350,000
• Lifetime benefit limit: Unlimited
• First year premium for client and spouse: $164.46 (CPF) each
• Total first year premium for SupremeHealth Plan – A Plus: $328.92 (CPF)
Plan 2: TotalShield – Gold
• Annual benefit limit: $100,000
• Lifetime benefit limit: $500,000
• First year premium for client and spouse: $246.40 (Cash) each
• Total first year premium for Totalshield – Gold: $492.80 (Cash)
Rider: TotalShield Plus Rider – Essential
• Additional Annual benefit limit: $25,000
• Additional Lifetime benefit limit: $100,000
• First year premium for client and spouse: $116.00 (Cash) each
• Total first year premium for Totalshield Plus Rider – Essential: $232.00 (Cash)
•
Proposer: Marcus Lim
Life Assured: Marcus Lim and Daisy Chan
Plan 1: SupremeHealth Plan – A Plus (SHP A Plus)
Reason(s) for Recommendation
• I recommend the SupremeHealth Plan – A Plus to meet your need for reimbursement of
hospitalisation expenses.
Benefit(s) of Plan
• SHP A Plus allows you to seek reimbursement of your hospitalization expenses incurred in any
Singapore Restructured hospitals, Class A Wards.
• SHP A Plus pays benefits by way of reimbursement for any eligible expenses incurred by the Life
Assured during the period of insurance, subject to the benefit limits of the plan. Deductible and
Co-insurance would apply to the claimable amount before the final payout is made.
Limitation(s) of Plan
• SHP A Plus will not be able to reimburse fully for expenses incurred in Private hospitals. In such
cases, all eligible expenses will first be proportionately reduced by multiplying the Pro-ration
Factor (70% for SHP A Plus) with the original amounts of such expenses. The proportionately
reduced expenses will then be subject to the Deductible, Co-insurance and benefit limits.
• Premium rates are not guaranteed and they may be adjusted from time to time based on future
experience.
• You are aware that there is no cash value as this is a medical reimbursement plan and your
Information is correct as at Jun 2012
Version 0.6
For Internal Use Only
8
Sample Recommendations
(Note to Representative: Please Do Not copy verbatim. You would have to tailor your
recommendations to the unique situation of your client.)
premium commitment to this plan is ongoing.
Plan 2: TotalShield – Gold
Reason(s) for Recommendation
• I recommend the TotalShield – Gold to meet your need for reimbursement of hospitalisation
expenses.
Benefit(s) of Plan
• TotalShield – Gold allows you to seek reimbursement of the deductible and co-insurance portions
of your SHP A Plus.
• It also provides supplementary hospitalisation benefits such as Get Well Benefit, Emergency
Accidental Outpatient Treatment and Ambulance Services.
Limitation(s) of Plan
• TotalShield – Gold will not be able to reimburse fully for expenses incurred in Private hospitals. In
such cases, all eligible expenses will first be proportionately reduced by multiplying the Pro-ration
Factor (70% for TotalShield – Gold) with the original amounts of such expenses.
• Premium rates are not guaranteed and they may be adjusted from time to time based on future
experience.
• You are aware that there is no cash value as this is a medical reimbursement plan and your
premium commitment to this plan is ongoing.
Rider: TotalShield Plus Rider – Essential (TSP – Essential)
Reason(s) for Recommendation
• I recommend the TSP – Essential to meet your need for reimbursement of hospitalisation
expenses incurred worldwide.
Benefit(s) of Rider
• TSP – Essential extends reimbursement of your hospitalization expenses incurred worldwide.
• It also provides benefits such as Daily Hospital Income Benefit ($75 per day up to 180 days per
period of insurance) and reimbursement of eligible expenses incurred for Cancer Treatment
provided to the Life Assured up to $10,000 per period of insurance.
Limitation(s) of Rider
• Eligible expenses incurred outside of ASEAN, will be limited to Singapore Reasonable and
Customary Charges.
• Premium rates are not guaranteed and they may be adjusted from time to time based on future
experience.
• You are aware that there is no cash value as this is a medical reimbursement plan and your
premium commitment to this plan is ongoing.
Important Note – For clients with existing shield plans with other insurers
• Please refer to the Benefit Illustration and Product Summary for more details.
• When SupremeHealth Plan – A Plus is approved, should you have existing private Medisaveapproved Integrated Shield Plan, it will be terminated and any pre-existing illnesses previously
covered may not be covered under SupremeHealth Plan – A Plus.
Information is correct as at Jun 2012
Version 0.6
For Internal Use Only
9