AIA Platinum Heritage Wealth (II)
AIA
Category
Whole Life
Coverage
Death, Terminal Illness
Coverage Term
Whole Life
Overview
AIA Platinum Heritage Wealth (II) is a whole life plan designed for the Affluent and HNW individuals to meet their legacy planning and wealth accumulation needs. It comprises of a participating component and an embedded non-participating reducing term component.
Key Features
- Additional 25% of minimum death benefit in the event of death before age 85
- Quit smoking benefit
- Guaranteed surrender value starts at 80%, and increasing to 100% at year 25
- Coverage against unforeseen death and terminal illness up to age 100
Whole life insurance offers coverage for life and is commonly used for protection and legacy planning. This is unlike term insurance that only provides coverage for a specified period. Plans are usually offered on a participating basis and will accumulate cash value, allowing you to cash out should the need arise.
