Singlife Unveils Singlife Legacy Invest: A Smart and Flexible Investment-Linked Plan

14 May 2025

Customers can invest on their own terms by choosing to pay at one go with a single premium or regularly over a period of 3, 5, or 10 years, and deciding the coverage duration for their policy

Leading homegrown financial services company Singlife launches Singlife Legacy Invest, a new customisable investment-linked plan (ILP) that offers customers flexibility in selecting their coverage duration and premium payment terms to suit their individual needs and financial goals.

Unlike many ILPs in Singapore that offer lifelong coverage along with long-term regular premium payments, Singlife Legacy Invest allows customers to choose coverage terms of 10, 15, 20, or 25 years, with premium payment term options ranging from a lump-sum to regular payments over 3, 5, or 10 years. This structure allows for a shorter-term financial commitment, while allowing flexibility for retirement or legacy planning. Customers may also extend their coverage period to age 100 via the extension benefit to continue growing their wealth with protection in place.

The plan features monthly charges for a fixed period without any insurance charges for death and terminal illness coverage, which helps to maximise the potential for investment growth once the charge period ends. A suite of bonuses, including a welcome bonus, special booster, loyalty bonus, and maturity bonus are provided to help further enhance the investment returns.

Helen Shen, Group Head of Products, Singlife, said: “Singlife Legacy Invest offers a refreshing approach to investment-linked plans, empowering customers to choose their premium payment terms and coverage duration to align with their financial goals. Coupled with a structure focused on optimising investment growth potential, we aim to support customers in growing their wealth for future needs and building a legacy that lasts.”

Beyond its flexible structure, Singlife Legacy Invest enables customers to broaden their investment opportunities with a diverse selection of funds, including access to top-tier funds typically only available to accredited investors, and dividend-paying ILP sub-funds that give customers the option to receive dividends in cash or reinvest them to increase their investment.

Other features and benefits:

Choose to invest in Singapore Dollars (SGD) or United States Dollars (USD)
Enjoy peace of mind with the free partial withdrawal benefit that allows penalty-free withdrawals upon a key life stage event or unexpected financial needs
Benefit from the option to make regular withdrawals from the policy at a preferred frequency (annually, semi-annually, quarterly, or monthly) to support retirement or other income requirements
Coverage against death and terminal illness
Option to switch the life assured to meet changing needs
Secure policy continuity with the option to designate a loved one as the secondary life assured for seamless transfer of coverage upon death