Great Eastern Family3 Review

Great Eastern Family3 has been discontinued. For further information and details about this plan, fill up the form below Whatsapp us and let us advise you accordingly.

Great Eastern Family3 product details

• Life policy – Whole Life Policy
• A whole life savings plan that offers unique benefits for three generations: yourself, your child, and your grandchild
• After your premium term ends, you’ll receive a guaranteed payout every year, for the rest of your life
• You’ll also get an annual cash bonus from the end of your plan’s second year to its ninth year – and this will increase from the plan’s 10th year
• Offers lifelong coverage against death, terminal illness, and total and permanent disability
• You can grow your wealth by reinvesting the plan’s annual payouts at an annual interest rate of 3%. You also have the freedom to withdraw your returns at any time
• You can pay your premiums over 10 or 15 years, or make a one-time payment on a 10-year plan and enjoy a 5% discount
  
  

Great Eastern Family 3 is a common search alternative for Great Eastern Family3.

Read About: Whole Life Policy: How does it work?

In-depth Review: 3 Best Whole Life Plans in Singapore for Insurance Coverages (Updated)

Features of Great Eastern Family3 at a glance

Cash and Cash Withdrawal Benefits
Cash value: Yes
Cash withdrawal benefits: Yes

Health and Insurance Coverage
Death: Yes
Total Permanent Disability: Yes
Terminal Illness: Yes
Critical Illness: No
Early Critical Illness: No

Health and Insurance Coverage Multiplier
Death: No
Total Permanent Disability: No
Terminal Illness: No
Critical Illness: No
Early Critical Illness: No

Optional Add-on Riders
NA

Additional Features and Benefits
Yes.

Read About: Effects of compounding returns

Read About: 3 things to consider before taking up a new financial product

Great Eastern Family3 may be suitable if you are looking for

Great Eastern Family3 may potentially be a good fit if the following matters to you:

• Higher protection for Death and Terminal Illness coverage at an affordable premium.
• Higher Early Critical Illness, Critical Illness and Total Permanent Disability coverage in an Insurance Policy.
• Health and Protection coverage due to a shortfall in your Insurance Portfolio.
• Accumulating cash value in the policy for financial returns in the long-term.
• Paying premiums only for a limited number of years and enjoying coverage for a lifetime.
  
  

Read About: How much insurance coverage do you really need in Singapore (Updated)

In-depth Review: Term life vs Whole life – Which is better for you?

Great Eastern Family3 may not be suitable if you are looking for

Great Eastern Family3 may potentially be a bad fit if the following matters to you:

• Liquidity or flexibility of withdrawal in your Insurance policy.
• Access to cash from your policy on a regular basis.
• Insurance policy with a high surrender value in the early years of the policy.
• Potentially higher financial returns compared to a pure investment product.
  
  

In-depth Review: 3 Best Endowment Savings Plans in Singapore with Lifetime Wealth Accumulation (Updated)

In-depth Review: 6 Best Investment Linked Policies in Singapore for Wealth Accumulation (Updated)

Further considerations on Great Eastern Family3

• How is Great Eastern or Great Eastern Family3 investment returns based on historical performance?
• How does Great Eastern Family3 compare with Whole Life Policy from other insurance companies?
• Can Great Eastern Family3 fulfil my financial insurance, health and protection needs?
  
  

The above information may not fully highlight all the product details and features on Great Eastern Family3. Talk to us or seek advice from a financial adviser before making any decision about Great Eastern Family3.

Read About: Where do you start with financial planning?

Is Great Eastern Family3 suitable for me?