FWD Invest First Max

FWD Invest First Max is underwritten by FWD Singapore Pte. Ltd. (FWD), [Reg. No. 200501737H], and is only available through our authorised distributors. There are certain conditions such as pre-existing conditions and exclusions, whereby no benefits will be payable. If you aren’t completely satisfied with your policy, and you haven’t made a claim under it, you have 14 calendar days from the date you receive your policy to cancel it. Please refer to the policy contract for more details on the product benefits.

1. Terms and conditions apply to each bonus. Please refer to the policy contract for more details.

2. The initial account reducing charge rates are determined by selected premium payment term and policy year of each layer. The accumulation account reducing charge rates are determined by the policy year of each layer.

3. The break-even yield is determined by the annualised regular premium amount and selected premium payment term. The figures are for illustrative purposes, the policy value will depend on the actual performance of the underlying assets of the funds, and do not take into account any fund management fees and other fund related charges. The actual fund related charges will depend upon the selection of funds you invest in. The performance of the funds is not guaranteed and the policy value may be less than the total premium invested. This break-even yield is calculated based on the assumption that all regular premiums due are paid until the end of the premium payment term without any partial withdrawals, premium holiday, reduction of regular premium. It is also calculated based on the assumption that additional Booster Bonus (if any) is credited and assumes that the policy is kept in-force. Increase regular premium amount is not taken into consideration in the calculation of break-even yield.

4. An increase regular premium layer will be established within the policy with each increase in regular premium. The increase regular premium layer is entitled to Booster Bonus, Loyalty Bonus and Accumulation Bonus (according to the terms of each bonus). Acceptance of each increase regular premium layer is dependent on the availability of this option, which will be determined at our sole and absolute discretion.

5. We will continue to deduct the applicable charges and fees during premium holiday. If your policy value drops below S$1 (or equivalent in your policy currency), your policy will lapse.

6. The amount you wish to withdraw will need to meet our minimum account value and minimum withdrawal requirements.

7. During the premium payment term, only dividends from the accumulation units account will be paid. Dividends from the initial units account will automatically be reinvested into the initial units account. After the premium payment term, dividends from the initial units account and accumulation units account will be paid. Dividend cash-out option is only applicable for non-corporate policies denominated in SGD currency. For policies denominated in USD, GBP or AUD currencies, reinvestment of dividends is the only option for dividend distribution.

This website contains only general information, and does not have any regard to the specific investment objectives, financial situation and the particular needs of any specific person. All insurance applications are subject to FWD’s underwriting and acceptance. This does not constitute an offer to buy or sell an insurance product or service. Please refer to the exact terms and conditions, specific details and exclusions applicable in the policy documents that can be obtained from our authorised product distributor. You may wish to seek advice from a financial adviser representative for a financial analysis before purchasing a policy suitable to meet your needs.

FWD Invest First Max is an investment-linked plan (ILP), which invests in ILP sub-fund(s). Investments in this plan are subject to investment risks including the possible loss of the principal amount invested. The performance of the ILP sub-fund(s) is not guaranteed and the value of the units in the ILP sub-fund(s) and the income accruing to the units, if any, may fall or rise. Past performance is not necessarily indicative of the future performance of 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.

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 coverage, where applicable, please contact us or visit the General Insurance Association of Singapore (GIA)/ Life Insurance Association (LIA) websites (www.gia.org.sg) (www.lia.org.sg) or SDIC websites (www.sdic.org.sg).

This advertisement has not been reviewed by the Monetary Authority of Singapore.

Information is correct as at 1 Feb 2024.