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tokiomarine.comLife & Health | Property & Casualty
Tokio MarineLife Insurance Singapore Ltd.
TM Apex VIP
A unique single premium US dollar investment-linked policy that pays out highest value.
“All progress occurs because peopledare to be different”- Harry Millner
You haven’t made your impact in life by being just like everyone else.
You are unique. And so is TM Apex VIP.
TM Apex VIP is a market first – Singapore’s only single premium US
dollar investment-linked policy that pays out the highest monthly
value 1 of the policy in the event of death or at age 99.
We can only make a difference by being different
1 The ‘monthly value’ is the policy value locked in at a specific date of the month. This may not be the highest policy value in that month. The first monthly value is equal to the single premium when you join.
GROWING YOUR INVESTMENT
What is TM Apex VIP?
TM Apex VIP invests in a well-diversified fund and
it locks in the highest monthly value of the policy after
you join.
Simply make a one-time investment and rest easy
knowing that you are growing your wealth even in an
uncertain investment environment. As the fund grows,
the highest monthly value of the policy will be locked in
as a payout upon death or at age 99. You can be sure
that your beneficiaries will receive the highest monthly
value even if the policy value is lower at the time of death.
In other words, you can mitigate the market downside and
enjoy upside opportunities in returns without giving your
investment a second thought!
With 100% of your premium allocated to your investment,
you can take comfort knowing that every dollar is put to
work for you.
TM Apex VIP requires a minimum single premium of
USD100,000.
How does it work?
Scenario 1
Demise of Mr. Lin at age 50
His policy value is
USD250,000 – the highest
monthly value attained since
he joined. Mr. Lin’s family
receives USD250,000,
a legacy payout of 125%
of the initial single premium.
Scenario 2
Demise of Mr. Lin at age 70
The policy value is
USD230,000, but the highest
monthly value locked in
of USD310,000 will be paid
at the time of death 2.
Mr. Lin leaves behind
USD310,000, a legacy
payout of 155% of the
initial single premium.
Scenario 3
Mr. Lin reaches age 99 2
Since Mr. Lin joined, the
highest monthly value locked
in is USD310,000. Even though
the current policy value is
only USD260,000, Mr. Lin
receives the full USD310,000,
a payout of 155% of the
initial single premium.
2 Upon death or at age 99, a lump sum is paid based on the highest of: a) The highest monthly value locked in from the start of the policy (adjusted by partial withdrawals, if any); b) The capital you have invested (adjusted by partial withdrawals, if any); or c) The policy value at that time.
Age 40 Age 50 Age 60 Age 70 Age 80 Age 90 Age 99
Mr Roger Lin, 40,
invests USD200,000 in TM Apex VIP
Highest monthly
value
Po
licy
Va
lue
USD260K
USD230K
USD310K
USD250K
USD200K
PROTECTING YOUR LEGACY
Maximise returns, managing risks
Legacy
The wealth you have created was never meant to last just one generation.
Use TM Apex VIP as part of your estate planning strategy to ensure that
your wealth carries through to your next generation and beyond.
Accumulate wealth
The unique lock-in value feature of TM Apex VIP makes it an excellent tool to facilitate your
accumulation of wealth. The moment you invest, you have the peace of mind knowing your
wealth is locked in at the highest monthly value 1, 2.
Allocate wealth to loved ones
Make a positive difference with the wealth you leave behind. TM Apex VIP enables
you to allocate wealth to your loved ones without any fuss. You have the autonomy
to dictate the distribution according to your pre-stated wishes. The funds transfer is
enacted as soon as applicable.
Mr. Roger Lin, 50,
invests USD300,000 in TM Apex VIP and chooses to distribute wealth equally to his 2 children
Charlie Lin
receives 50% of the highest monthly value, which is
at least USD150,000
Sally Lin
receives 50% of the highest monthly value, which is
at least USD150,000
Upon Mr. Lin’s demise, his children will receive the highest policy value.
Diversified asset / portfolio
To obtain a well-diversified portfolio, TM Apex VIP invests in a range of both global
bonds and equity markets. The asset mix is regularly re-balanced based on market
developments, hence allowing the portfolio to adjust to market risk and capitalise
on the returns.
The rules-based investment process is illustrated below:
Accounting for equity market movements
Upward equity market momentum:
Your money is invested in equities and bonds.
Equities
Bonds
Equities Bonds
Downward equity market momentum:
We invest a lower proportion of your money in equities and more in bonds.
This ensures that your downside risk is managed while enjoying the upside
of the markets.
Upwards
Downwards
Managing market volatility
Cash
Bonds + Equities
Cash
Bonds + Equities
High market volatility:
The market is less stable so we invest less of your money in bonds and equities and hold more in cash.
Low market volatility:
The market is more stable so we invest more of your money in bonds and equities and hold less in cash.
EASY ACCESS AT EVERY STAGE
Hassle-free application – no health assessment required
There is no requirement for medical underwriting, which means you don’t need to
provide your medical history or undergo a medical examination.
Flexible withdrawal options
You can tap into your investment any time you want either by making a partial
withdrawal 3 or full surrender 4.
3 Partial withdrawals must be a minimum of USD5,000 and there must be a remaining policy value of at least USD50,000 after each partial withdrawal. Surrender charges apply for partial withdrawals during the first 5 policy years. Each partial withdrawal reduces your highest monthly value that has been locked in proportionally.
4 Upon full surrender, 100% of the policy value is payable and surrender charges apply in the first 5 policy years.
TM Apex VIP AT A GLANCEBENEFITS
Death Benefit Equivalent to the higher of:• Highest monthly value; or• Policy value
Insured Event Death only
PREMIUMS & PREMIUM ALLOCATION RATE
Minimum Single PremiumMaximum Single Premium
USD100,000For Single Premium USD500,000 and above, please refer to your Adviser for more information.
Premium Allocation Rate 100% of the single premium will be allocated
FLEXIBILITY
Partial Withdrawal Minimum: USD5,000, subject to a policy value of at least USD50,000 after each partial withdrawal
Surrender Benefit 100% of the policy value is payable, less surrender charge (if applicable)
FEES & CHARGES
Bid-Offer Spread There is no bid-offer spread.
Administrative Charge 1.80% p.a. of the policy value.This charge (1.80% ÷ 12) will be deducted monthly for as long as the policy is in force.
Note: This charge may vary depending on when the policy is purchased.
Fund Management Charge 0.65% p.a. of the asset value of the fund applicable on a daily basis.This is accounted for in the fund unit price.
Surrender Charge Applicable for the first 5 policy years – 10% / 8% / 7% / 6% / 5% of the withdrawal /surrender amount. The surrender charge will apply to partial withdrawals as well as full surrender.
POLICY & ISSUANCE GUIDELINES
Entry Age (age next birthday)
Minimum: 30Maximum: 65
Payment Methods Demand DraftTelegraphic Transfer
Currency USD only
Coverage Period Up to age 99
Underwriting No medical underwriting is required. Financial underwriting will be applicable.
Third Party Application Allowed
Tokio Marine Life Insurance Singapore Ltd. reserves the right to change the fees and charges by giving 30 days’ written notice.
All illustrations in this marketing material are not drawn to scale. The figures shown are hypothetical and are for illustration purposes only.
All ages mentioned in this marketing material are based on age next birthday.
All mention of monthly value and highest monthly value refer to “monthiversary policy value” and “sum assured” respectively in the
product summary and policy contract.
Important Notes
This marketing material is not intended as an offer or recommendation to the purchase of any insurance plan. This plan is underwritten
by Tokio Marine Life Insurance Singapore Ltd. and is only available through our authorised distributors. It does not have regard to your
financial situation, specific investment objectives and any of your particular needs. Kindly obtain the required product disclosures
and seek advice from a financial adviser before making a commitment to purchase this plan. Investments in this plan are subject
to investment risks including the possible loss of the principal amount invested. The value of the units may rise as well as fall. Past
performance is not necessarily indicative of future performance and the performance of the ILP sub-fund(s) is non-guaranteed. A
potential investor should read the Product Summary and Product Highlights Sheet(s) before deciding whether to subscribe for units in
the ILP sub-fund(s). As buying a life insurance policy is a long-term commitment, an early termination of the policy usually involves high
costs and the surrender value, if any, that is payable to you may be zero or less than the total premiums paid. It is also detrimental to
replace an existing life insurance policy with a new one as the new policy may cost more or have fewer benefits at the same cost. This
advertisement has not been reviewed by the Monetary Authority of Singapore.
For policies distributed in Singapore: This policy is protected under the Policy Owners’ Protection Scheme, which is administered by the
Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For
more information on the types of benefits that are covered under the scheme as well as the limits of the coverage, where applicable,
please contact us or visit the LIA or SDIC websites (www.lia.org.sg or www.sdic.org.sg).
Information shown in this marketing material is for reference only and is correct as at 1 February 2019.
The underlying fund of the ILP Sub-Fund offered under TM Apex VIP is managed by MEAG Luxembourg S.à r.l. (the “underlying fund manager”), a wholly owned subsidiary of the MEAG Group (“MEAG”). MEAG is one of the leading asset managers in the insurance sector and a major asset management force in the European financial industry with assets under management of EUR 253 billion (31 December 2017). MEAG forms an integral part of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (“Munich Re”), one of the world’s leading players in the reinsurance industry and an expert on global & local risk solutions. MEAG is responsible for virtually all the investments of Munich Re, also manages the capital of partners from outside the company group, bundles extensive know-how in all key asset classes under one roof and is a multiple award-winner as an asset manager.
MEAG Luxembourg S.à r.l. has been incorporated in Luxembourg and serves in its capacity as UCITS management company of the underlying fund. It is subject to the supervision of the Luxembourg supervisory authority for the financial sector (CSSF), is governed by Chapter 15 of the Luxembourg law of 17 December 2010 on undertakings for collective investment, and is a 100% subsidiary of MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH in Munich (the “underlying fund investment manager”). The underlying fund investment manager has been entrusted with the day-to-day implementation of the investment policy of the underlying fund and is an investment firm within the meaning of the German Capital Investment Code (Kapitalanlagegesetzbuch, “KAGB”), and is supervised by the Federal Financial Supervisory Authority (BaFin) in Germany.
The underlying fund manager and the underlying fund investment manager are neither registered with nor licensed by the Monetary Authority of Singapore, do not hold themselves out to the public in Singapore as an investment adviser and do not intend to provide investment advisory services to the public or to any unaffiliated third party located in Singapore. It should be noted that the underlying fund is not directly available to the retail public in Singapore, and the underlying fund manager and underlying fund investment manager do not intend to provide investment advisory services to Singapore retail investors.
The underlying fund is set up under the Luxembourg law of 17 December 2010 on undertakings for collective investment and subject to the supervision of the Luxembourg supervisory authority for the financial sector. The underlying fund is reserved for eligible investors as laid down in its sales prospectus, will be registered with the Monetary Authority of Singapore as a restricted scheme constituted outside of Singapore. It may only be offered or sold, or be made the subject of an invitation for subscription or purchase, to persons in Singapore who qualify as institutional or accredited investors in accordance with the conditions set out in the Securities and Futures Act of Singapore (the “SFA”).
YOUR INVESTMENTS ARE IN EXPERIENCED HANDS
(Company Reg. No.: 194800055D) 20 McCallum Street,#07-01 Tokio Marine Centre,Singapore 069046T: (65) 6592 6100F: (65) 6223 9120
Speak to your preferred Adviseror visit www.tokiomarine.com
About Us
E&OE FEB2019
Tokio Marine Life Insurance Singapore Ltd. is part of Tokio Marine Group which
has over 130 years of history. As at March 2017, Tokio Marine Holdings Inc. has
a market capitalisation of close to US$32 billion and total assets of around
US$204 billion. With its presence spreading across 38 countries, Tokio Marine is
indisputably one of the largest insurance groups in the world.
Our reputation in Singapore as a leading life insurer has been gained through
our strong historical investment returns, disciplined underwriting and careful
expense management.
We are committed to bring meaningful product solutions to meet your individual
and corporate insurance needs.
Driven by Customer-focus, Integrity and Excellence as our core values, we
endeavour to be your preferred insurance partner for life.