The GREAT Wealth Multiplier 3 is a flexible and comprehensive long-term endowment plan offered by Great Eastern. It is designed to help individuals accumulate wealth over the long term while also providing insurance protection. This plan is a new version of the Great Wealth Multiplier series, with the previous iteration being the GREAT Wealth Multiplier II.

One of the key features of this plan is its flexibility. Policyholders have the option to choose from premium payment terms of 5, 10, or 15 years, depending on their preferences and financial goals. Additionally, individuals can use either cash or their Supplementary Retirement Scheme (SRS) account to pay for premiums.

The policy matures after a fixed policy term of 120 years, making it suitable for multi-generational wealth accumulation. Policyholders have the option to withdraw and use the cash value accumulated in their policy to meet important milestones in life. They can also choose to partially surrender the accumulated cash value regularly to supplement their retirement income. Another option is to designate a spouse or child as a secondary life assured, allowing the policy’s value to continue growing until maturity and providing financial security for loved ones in the future.

Upon maturity of the policy, policyholders are eligible to receive the guaranteed maturity benefit and any attached bonuses. In the unfortunate event of the insured’s death, the beneficiary will receive a lump sum payout equivalent to the higher of either 105% of the total amount of regular premiums paid or the guaranteed surrender value plus any bonuses earned. There is also coverage for total and permanent disability, with the death benefit paid out immediately. If the insured is diagnosed with a terminal illness, they are eligible to receive the death benefit in a lump sum payment.

The GREAT Wealth Multiplier 3 also offers the option to appoint a secondary life assured, allowing policyholders to transfer the policy to their loved ones upon their passing. However, there are certain conditions that need to be fulfilled, such as the individual being an individual themselves, the secondary life assured being either themselves, their spouse, or their biological/adopted child who is under the age of 18.

In terms of fund performance, the participating funds of the GREAT Wealth Multiplier 3 have a diverse asset allocation, which helps to reduce total risks. The investment rate of return for the funds has been consistently positive, with an average annualized return of 5.52% over the past 10 years.

While the plan offers attractive benefits and returns, it is important to consider the other aspects of the policy and whether it aligns with one’s financial goals and needs. There are some limitations to the plan, such as the lack of regular payouts and potential costs associated with early surrender.

In summary, the GREAT Wealth Multiplier 3 is a flexible and comprehensive long-term endowment plan offered by Great Eastern. It offers individuals the opportunity to accumulate wealth over the long term while also providing insurance protection. Policyholders have the option to choose from different premium payment terms and can use either cash or their SRS account to pay premiums. The plan also offers options for policyholders to withdraw cash value, designate a secondary life assured, and receive guaranteed benefits upon maturity or in the event of death or disability. While the plan offers attractive benefits, it is important to consider its limitations and whether it aligns with one’s financial goals and needs.


Benjamin Low
Benjamin Low

Benjamin is known as The Passive Income Guy. He has helped hundreds of people to build passive income. He is also a member of the Million Dollar Round Table, and Certified Financial Planner™ (CFP®) and Certified Private Banker (CPB).

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