Legacy Planning

Heirloom (III) – Universal Life Insurance for you

Secure your legacy, preserve your estate and provide timely cash for your family.

Heirloom (III) – Universal Life Insurance for you

Start planning with Heirloom (III) – this flexible premium universal life insurance plan is designed to preserve your estate while providing a financial solution to enhance your legacy. It is suitable if you have needs for estate preservation and wealth distribution.

How Heirloom (III) can help?

Heirloom (III) delivers strong cash value accumulation and preserves your wealth for improved estate liquidity. It also provides liquidity for your dependents to meet immediate needs like outstanding loan repayments.

The diagram illustrates how Heirloom (III) accumulates its policy value.

Heirloom Policy Value

Policy charges and the interest crediting rate will impact the growth in your policy value. Face Amount Charges and Cost of Insurance are deducted monthly from the policy value with Face Amount Charges payable only in the first 10 policy years. The minimum guaranteed interest crediting rate for the plan is 2% per annum with potential for further upside.

How the plan can benefit you:
  • Diversifies your asset portfolio
  • Enhances legacy for future generations
  • Provides business continuity planning
  • Preserves wealth for improved estate liquidity
    • Simplifies wealth distribution
    • Helps with outstanding loan payments
    • Ensures timely cash for estate duties (applicable in certain countries)
  • Facilitates charity donations
  • Delivers strong cash value accumulation
  • Provides transparent insurance charges
  • Allows fixed payment period for Face Amount Charges
  • Includes more underwriting risk classes
  • Offers flexible premium payments1
  • Offers guaranteed minimum interest crediting rate
  • Allows for Change of Life Insured2
  • Offers Quit Smoking Incentive
  • Allows free partial withdrawals3

This plan can help you with the possible needs of:

  • Wealth Protection
  • Legacy Enhancement
  • Gifting for Children
  • Business Continuity

For more information, visit any DBS Treasures centre or

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1 The actual amount and frequency of premium payments will affect the Policy Value and potentially the Death Benefit as well as how long the policy is kept in force.
2 Policy Owner may request to change the Life Insured after 2 years from the Policy Issue Date. Maximum of 2 changes is allowed per policy. Acceptance of the new Life Insured is at Manulife’s sole and absolute discretion and will depend upon the insurability of this new Life Insured as well as other Terms and Conditions as Manulife shall determine from time to time. Cost of Insurance will be based on the new Life Insured’s age, sex, country of residence, underwriting class and any additional ratings. For more details, please refer to the Product Contract.
3 Heirloom (III) allows you to perform partial withdrawals without incurring surrender charges or reducing the Face Amount on the condition that the withdrawal is made from 11th policy anniversary onwards and the total withdrawal amount in a particular policy year does not exceed 5% of the policy value at the previous anniversary after monthly deductions.

Information is correct as at 17 October 2016.

Important Notes

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