Singlife Introduces Singlife Heritage Reserve to Address Asia’s Growing Wealth Succession Challenge

The plan combines wealth accumulation, preservation and multi-generational planning features to support long-term wealth continuity

Singlife has launched Singlife Heritage Reserve, a USD-denominated participating whole of life insurance plan designed for long-term wealth accumulation, legacy planning and multi-generational wealth transfer. It comes amid rising demand for long-term succession planning and wealth continuity, offering greater flexibility and control over how wealth is managed and passed down.

As Singapore's position as a global wealth hub strengthens and wealth creation across Asia accelerates, high-net-worth individuals are increasingly looking beyond asset accumulation to succession planning. Many have yet to put succession or inheritance plans in place and are seeking solutions that can help safeguard their wealth, provide greater control over its distribution and ensure it supports future generations.

Singlife Heritage Reserve brings together long-term growth potential, succession planning tools and liquidity options within a single policy structure. With a policy term of up to 388 years, it is designed to support families as their ownership arrangements, care needs and legacy objectives evolve.

Helen Shen, Group Head of Products, Singlife, said, “As wealth grows, so does the importance of planning for what comes next. Increasingly, affluent individuals are looking beyond accumulation towards legacy and succession, seeking ways to preserve, manage and transfer wealth across generations. Singlife Heritage Reserve was designed to help customers do that with greater flexibility and control.”

Designed for Longer Lives and Evolving Needs

As longer life expectancies reshape planning priorities, and to support increasingly global lifestyles, Singlife Heritage Reserve offers various features that support wealth preservation, succession planning and liquidity across generations.

● Wealth accumulation: Through the participating fund, it offers potential upside from the Terminal Bonus and assurance through a Guaranteed Cash Surrender Value.

● Legacy planning: Unlike traditional wealth accumulation solutions, it incorporates succession planning options such as Transfer of Ownership, Contingent Owner, Joint Ownership, Change of Life Assured and appointment of a Secondary Life Assured, so that the plan can adapt to changing family circumstances.

● Wealth transfer: The plan offers further flexibility in how benefits are distributed upon death via the Legacy Continuation Option and Death Benefit Payout Option, and in how policy values can be passed across generations through policy splitting.

● Liquidity: Through the Bonus Access Option and Care Support Income Option, policyholders can access the Terminal Bonus without surrendering the policy, giving them liquidity as their needs change. With the Currency Conversion Option, withdrawals and benefit payments can be received in SGD, USD, GBP, EUR, AUD or HKD.

Product terms and conditions apply. To find out more about Singlife Heritage Reserve, please visit singlife.com/heritage-reserve.