GUARANTEED INCOME PLAN

Life insurance provides a degree of financial protection against the certainty of death and can help survivors achieve specified financial objectives.

 

Accidents are sudden and can lead to financial crisis if you are not prepared. Accidents can cause sudden death or disability of the main earning member of the family, which can cause serious financial consequences for the family because of the great level of dependence on his or her earnings.

 

Need for Regular Income
Life assurance is needed to provide for long and short term income needs. In particular, these would include the need to pay installments of outstanding loans and/or mortgages; there would also be the need to provide a long term income for the surviving spouse and short term income for children or other dependants.

 

You can rely on our Guaranteed Income Policy to provide regular monthly income to you and your family to meet the basic necessities of life in case one dies (God Forbid) or becomes disabled by an accident. In addition to basic need of food, clothing and shelter, the income can also be used for education of your children and ever growing medical needs.

 

Providing a Regular Monthly Income
East West Life’s Guaranteed Income Policy pays a guaranteed monthly income for 20 years in case of death (God Forbid) or disablement due to accident while the policy is in force. The monthly income will continue at the level specified in the policy for 20 years following the accident. Rather than providing a lump sum payment, our Guaranteed Income policy provides a regular monthly income for you and your dependants for 20 years following the claim.

 

This product is particularly attractive to those who like to know they have a regular monthly income and would rather not have to worry about complex investment decisions to make the most of a lump sum payout.

 

Triggering a Claim
This product can secure regular monthly income for you and your family in case of accidental losses. This policy will pay a guaranteed specified monthly income for 20 years in case of the following events:

• Loss of Life
• Loss of one or more limbs by amputation at or above wrist or ankle
• Total and irrecoverable loss of sight in both Eyes
• Loss of Speech
• Loss of Hearing in both ears
• Permanent, total and continuous disability preventing from engaging in any occupation

 

You can choose at policy issue from a variety of monthly payments to be made at the time of claim according to your financial needs.