Question 1

What is Guaranteed Cash Value and how can I calculate my Guaranteed Cash Value?

Accepted Answer

Guaranteed Cash Value is the amount payable to you upon policy surrender or at maturity. It grows over the Policy years and is calculated based on the Total Premium. You may try our savings calculator or refer to the illustrative example in the Product Summary for more details.

Question 2

What do “guaranteed  rate up to 4.5% p.a.” and “124.7% of total premium paid” refer to?

Accepted Answer

If you hold the WeSave E1 policy for its entire 5-year Benefit Term, you are eligible to the guaranteed rate of return of 4.5% p.a. The amount is equivalent to 124.7% of your total premium paid.

Question 3

What is Death Benefit?

Accepted Answer

Death Benefit is payable if the Life Assured individual dies during the Policy’s duration. The benefit is equivalent to 101% of Total Premium Paid or 100% of Guaranteed Cash Value, whichever is higher.

Question 4

What is Accidental Death Benefit?

Accepted Answer

If the death of the Life Assured individual is caused by an accident, we will pay an Accidental Death Benefit equivalent to 100% of Total Premium Paid. This is in addition to Death Benefit, and is subject to a maximum of US$125,000 per Life Assured under all “WeSave E1 Insurance Plan” and “WeSave Short Term Insurance Plan ST1” policies. If the Life Assured individual sustains an injury resulting in their death within 180 days from the date of the accident, an Accidental Death Benefit will be paid together with Death Benefit to your nominated beneficiary.

Question 5

Can I borrow any cash amount or partially withdraw from Guaranteed Cash Value?

Accepted Answer

No, policy loan is not applicable and you could only surrender the policy to get the Guaranteed Cash Value in full before the policy matures.

Question 6

What may happen if I surrender my policy before maturity? How much money can I get back?

Accepted Answer

You will receive your surrender benefit which is your Guaranteed Cash Value as of surrender effective date or policy paid-to-date, whichever is earlier. However, please note that if you surrender your policy before maturity, your Surrender Benefit amount may be considerably less than your total premium paid.