
"Fu bu guo san dai" - this is a Chinese proverb which when translated, refers to the difficulty of transferring a family's wealth beyond the third generation. This could be due to the failure of a business, lack of succession planning or an economic downturn. While no one wishes for this to happen, the future is unpredictable with it difficult to foresee potential obstacles. Therefore, to ensure that your wealth is passed on to not just your dependents but also to future generations, it is important for you to plan your legacy. In this article, we explain the importance of legacy planning and how a 3 Generation (3G) plan can ensure that your wealth is passed on to future generations.
(See "All About MediShield Life And How It Affects You")
What are 3 Generation (3G) plans?
A whole life insurance, 3G plans are designed to provide wealth for 3 generations. This works by supplying the first two generations with a stream of income and leaving a lump sum inheritance for the third generation.

(See "The Fundamentals Of Protection Planning")
Who needs 3G plans?
If you are worried about the transfer of wealth to future generations, then a 3G plan is for you. Designed as the solution to wealth preservation and transfer, 3G plans not only guarantees that your grandchildren will receive an inheritance, but also provides you and/or your child with a lifelong stream of income. This can be reinvested with the insurer to accumulate interest for the third generation or used by you and/or your child as retirement income and/or lifestyle expenses.
3G Plans are suitable for:
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3G Plans are not suitable for:
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(See "Comparing Annuities (2019 Edition)")
Leave A Legacy For Your Descendants
Why 3G plans?
While most of us are familiar with the term legacy planning, few may actually take the necessary steps to do so. This is due to legacy planning often being neglected with many failing to realise the importance of passing wealth on to future generations rather than just your dependents. A financial strategy, legacy planning distributes wealth according to your wishes after you pass on. This differs from merely leaving an inheritance for your dependents as it ensures that your wealth will remain in the family for many generations to come.
(See "Are You Really Allowed To Retire At 62?")
How can 3G plans help?
While legacy planning may sound complicated, 3G plans actually offer a simple and fuss-free way of doing so. Should there unfortunately be a business failure or economic downturn, the inheritance of your grandchildren would remain unaffected. This provides assurance knowing that your grandchildren and future generations are guaranteed your legacy.
(See "The Beginners Guide To Understanding Insurance")
Where can 3G plans be purchased?
Offering guaranteed acceptance, this makes 3G plans available for all to purchase regardless of any underlying medical or health conditions. You may obtain a 3G plan with single premiums starting from just $100,000.
Available 3 Generation (3G) plans: |
Etiqa Insurance - ePREMIER eternity presto Manulife - Signature Income NTUC Income - Gro Retire Wise, Wealth Solitaire |
(See "Be Your Own Advisor with FSMOne's Insurance Discovery and Review Tool")
For more information on 3G plans, click on the “Get Started” button below.
Start Your Legacy Planning Today
Available Products on FSMOne Insurance |
Term Life, Whole Life, Critical Illness, Annuity, Health, Endowment from Etiqa Insurance, Manulife, NTUC Income and Tokio Marine Life Insurance *Please check with our advisory team if the product you want is available on FSMOne Insurance |
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3G Plans are suitable for:
3G Plans are not suitable for: