Everyone has different goals throughout stages of life. Whether you want to pursue further education, prepare your child for a successful future or enrich your retirement, you need various financial plans to realise your goals. Tahoe Life’s Noble Savings Protection Plan (the “Plan”) is a whole life insurance plan with both life protection and savings. Not only does it help accumulate your wealth and fulfill your dreams, it offers protection for your family and meets your different financial needs.
Plan Features
Two Different Premium Payment Terms at Choice
To fit your financial situation, the Plan offers two premium payment terms: 5 years or 10 years. The premium is guaranteed to remain unchanged once it is determined and will not be increased with your age, facilitating better financial planning for your future.
Regular Guaranteed Cash Payments
The guaranteed cash payment, equivalent to 2.8% of the sum assured of the basic plan of the policy, will be payable on the 3rd policy anniversary date and on each subsequent 3rd policy anniversary date thereafter until the age of 100 of the insured, the surrender of the policy or the death of the insured, whichever is earlier. You may choose to leave the guaranteed cash payments in the policy to earn interest, receive them in cash or apply them towards future premium payments.
Annual Dividends and Terminal Dividend
An annual dividend will be payable on the policy anniversary date. You may choose to leave the annual dividends in the policy to earn interest, receive them in cash or apply them towards future premium payments.
If the policy has been effective for 5 years, it will also bring you additional returns by providing a one-off terminal dividend upon the surrender of the policy, the maturity of the policy or the death of the insured. Both the annual dividends and terminal dividend are not guaranteed.
Savings and Life Insurance in One
The Plan provides savings returns as well as life insurance up to the age of 100 of the insured, offering comprehensive protection for you and your loved ones. In the unfortunate event of the death of the insured, the designated beneficiary will receive a Death Benefit which is equivalent to the sum assured of the basic plan of the policy or total premiums due and paid of the basic plan of the policy less all guaranteed cash payments paid to you (whether accumulated or withdrawn), whichever is higher; plus accumulated guaranteed cash payments and interest (if any), accumulated dividends and interest (if any) and terminal dividend, less any indebtedness of the policy.
Optional Supplementary Contracts
According to your personal needs, you may choose to enhance the protection by adding various supplementary contracts, such as "Waiver of Premium Benefit Supplementary Contract" or "Payor's Benefit Supplementary Contract".
For more product details, please visit Tahoe Life’s website.