Universal Life (UL) insurance provides saving and protection benefits throughout the insured's life as long as premiums are paid or accumulated cash value in policy exceeds the maintenance cost of the policy.

The underlying assets of traditional Universal Life plan are primarily invested in bonds. The insurer manages the asset allocation and declares the return which is called crediting interest rate to clients. It is also typical to find that insurer offers a certain level of downside protection by minimum guaranteed returns or maximum guaranteed charges.

Universal Life (UL) insurance provides saving and protection benefits throughout the insured's life as long as premiums are paid or accumulated cash value in policy exceeds the maintenance cost of the policy.

Indexed Universal Life plans are linked to the performance of a variety of indices, with a guaranteed floor rate (minimum annual return) offset by a cap (capping the maximum annual return). In general, there are two accounts, a Fixed Account and an Index Account tied to equity index/set of indices. This design allows the client more upside growth potential, but with the security of downside guarantees.

Universal Life (UL) insurance provides saving and protection benefits throughout the insured's life as long as premiums are paid or accumulated cash value in policy exceeds the maintenance cost of the policy.

Most insurers offer a broad range of investment choices. The client can select his/her choice of underlying investments, such as mutual funds, equities and bonds. In some plans, client can nominate an asset manager to manage investments. 

These plans normally do not have any guarantees or downside risk protection.

Private Placement Life Insurance (PPLI) is a customised form of insurance utilised for specialised wealth structuring. Generally, PPLI is offered only to accredited professional investors, and available for premium amounts of typically USD 1 million and above.

The structure of PPLI is with the life company providing the legal structure of the life insurance policy. The policyholder pays the assets into the policy and is responsible for selecting the ongoing management and oversight decisions of those assets. This would usually involve the appointment of a private bank or independent asset manager to manage the underlying assets.

ROP Term life insurance provides a guaranteed death benefit (the Sum Assured) for a chosen policy duration (the Term). Typically, the Term of these plans are 10, 25, subject to a maximum age usually being 65 to 75 years old.

The plan is designed to pay the Sum Assured to the family or beneficiaries, in the event of the insured’s demise within the policy period. If the insured survives after the policy Term period, the policy is terminated with the total premiums paid returned to the plan holder. 

WOL Term life insurance provides a guaranteed death benefit (the Sum Assured) for a chosen policy duration (the Term) to certain defined age, with the maximum age of coverage usually being 90 to 100 years old.

If the insured survives after the policy Term period, the policy is terminated and a guaranteed maturity pay-out is given.

Similar to Term Life Insurance, Critical Illness plans are designed to make a pay-out based on a Critical Illness covered by the plan, (like Heart Attack, Cancer). The cost is subject to how many illnesses are covered (ranging from 20 to 128) and the Term you are looking to take then plan for. 

Term Critical Illness

these plans are 10, 20, 30 years, or up to certain defined age, with the maximum age of coverage usually being 70 to 80 years old. If the insured survives after the policy Term period, the policy is terminated without any pay-out.

Whole of Life Critical Illness

these plans are up to certain defined age, with the maximum age of coverage usually being 90 to 100 years old. If the insured survives after the policy Term period, the policy is terminated and a guaranteed maturity pay-out is given.

Multi claim Critical Illness

these plans allow the insured person to claim for multiple CI claims, meaning each claim would receive the maximum Sum Assured. This differs from the Standard Critical Illness plans that will terminate once a Single claim has been paid out.

Private medical insurance (PMI) is designed to cover the cost of private medical treatment for illness and acute conditions that arise after the start of the policy. (some plans may cover existing conditions) An acute condition is a disease, illness or injury that is likely to respond quickly to medical treatment which aims to return you to the state of health you were in immediately before suffering any symptoms, or which leads to your full recovery.

Having a private medical insurance policy gives you access to private medical facilities and treatment at a time and location that suits your schedule, giving you confidence that you’ll have the medical support and financial protection when you need it the most.

PMI plans are designed to pay for medical bills, whereas Critical Illness plans are designed to support you with a cash pay-out to hopefully cover living costs should you not be able to return to the state of health you were in immediately before suffering any symptoms.