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Why you need a Legacy Protection Plan?

Death is not an issue we want to talk about but it is a reality that needs to be managed responsibly. One aspect is having a Last Will and Testament. A Will is the tool that will speak for you when you are no longer here, and ensure your last wishes for your loved ones are delivered upon.

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Last Will and Testament

The results of leaving your loved ones behind without a valid Will can be catastrophic. Your Last Will & Testament is a vital document that ensures the following:

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Will Disclosure Example

a) Have you recently experienced a life changing event: Marriage, Divorce, Pregnancy etc.
b) Do you have minor children?
c) Do your children need to inherit some of your life insurance and estate?
d) Is there anyone, other than your spouse and children, who need to inherit from your estate?
e) Do you own any property?
 
If you answered “yes” to any of the above, you require an updated Last Will and Testament.

How does it work?

The Legacy Protection Plan has five plan types, namely Bronze, Silver, Gold, Platinum and Diamond. Each plan type has an indicative gross estate value range, a maximum insured benefit and an inclusive Immediate Liquidity Benefit.

Your monthly premium will be determined according to your applicable age band.   Simply put, legal fees related to your deceased estate are recouped from the maximum insured benefit, after providing for the Immediate Liquidity Benefit payment. Therefore depending on your plan type and needs, you can ensure that 100% of such costs are covered in the event of death.

Please see the product summary below and refer to the example plan. Medical tests are not required for the Legacy Protection Plan and the Bronze and Silver plan types are completely non-underwritten.

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