Benefits
| Policy year |
3 |
5 |
7 |
9 |
11 |
| Guaranteed cash payout (S$)* |
5,000 |
5,000 |
5,000 |
5,000 |
5,000 |
| Accumulated cash payouts with interest (S$)**
|
|
|
|
|
|
| Policy year
|
13 |
15 |
17 |
19 |
21 |
| Guaranteed cash payout (S$)*
|
5,000 |
5,000 |
5,000 |
5,000 |
55,000 |
| Accumulated cash payouts with
interest (S$)** |
|
|
|
|
75,649 |
| Updated
as at January 2003 and are subject to change without
prior notice. |
Total accumulated cash survival
benefit* & maturity benefit
|
= $75,649 + $55,000 |
|
= $130,649 |
* The sum assured and cash survival
payouts under the Signature Trimax Endowment and Signature
Bimax Endowment plans are fully guaranteed by John Hancock
Life Assurance Company Limited.
** The accumulated cash survival benefit and the
interest rate of 5% per annum currently used by John
Hancock Life Assurance Company Limited is not guaranteed,
and is dependent on the future experience of the fund.
Important Note
These insurance plans are underwritten by John Hancock
Life Assurance Company Limited. These insurance products
information contained herein are for general information
only and is not a contract of assurance. The specific
details applicable to this insurance are set out in
the policy contract. These insurance products distributed
are obligations only of the insurance company. They
are not bank deposits or obligations of or guaranteed
by Citibank, N.A., Citigroup Inc. or any if its affiliates
or subsidiaries.
Buying a life insurance policy is a long-term
commitment. An early termination of the policy usually
involves high costs and the surrender value payable
may be less than the total premiums paid.
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Signature
Scholar
Preparing and Protecting
Your Child for the Future
The Best Possible Gift for your Child
As parents, you naturally want the best for your child
in every possible way. It’s especially important
these days to give your child the opportunity for
a university education. A degree will give your child
a head start in life.
Ensure Sufficient Funds Throughout University
Years
Signature Scholar provides 3 guaranteed annual payouts
to ensure that you have sufficient funds to see your
child through university. You can choose to receive
the first payout when your child is any age from 18
– 21 years old.
Extra Security and Protection
If you cannot guarantee financial support for your
child’s education in the most severe eventuality
or want to provide more funds, you need a disciplined
savings program that protects your child’s education
until he completes his education.
Signature Scholar provides you the extra security
with the Payer Benefit Critical Illness Rider. Even
if something unexpected were to happen to you, your
child’s education fund is secured. In the unfortunate
event of premature death, total and permanent disability
or critical illness, all future premiums will be waived
and your child can get the education he deserves.
Knowing your fund is protected, you can enjoy peace
of mind.
Guaranteed Insurability
Upon maturity of this plan, the policy can be converted
into another Whole Life or Endowment Plan without
medical examination. Signature Scholar is truly a
wonderful gift for your child.
How Much Do I Need?
An example:
Mr Wong, age 38.
His wish list: to send his son, age 4 to Australia
in 14 years’ time.
Citibank solution: Get a Signature Scholar Plan for
Australia.
| 1. |
Sign up for Regular Annual Savings:
|
S$8,044 p.a. |
| 2. |
Payer Benefit Critical Illness Rider: |
S$ 465 p.a. |
| 3. |
Yearly Investment: |
S$8,509 p.a. |
| |
|
|
| 4. |
| Total Payment: |
S$ 8,509 p.a. x 14 years |
| = |
S$119,126 |
|
University Schooling Income* for your child
when he reaches:
| University Year |
Age |
3 Annual Payouts |
| Year 1 |
Age 18 |
S$ 40,000 |
| Year 2 |
Age 19 |
S$ 40,000 |
| Year 3 |
Age 20 |
S$ 20,000 + S$ 66,385 |
| Total Investment Return : |
|
S$ 100,000 (Guaranteed+) |
| |
+ |
S$ 66,385 (Bonus**) |
| |
= |
S$166,385 |
Achieve Your Goal with High Yielding Returns
Signature Scholar provides a high projected yield
of up to 4.65%***. Plus there will be no more premium
payments for the last 2 years of the plan, once your
child enters university.
Added Convenience
With Citibank, annual premium payments through your
Citibank account means more convenience for you. Plus,
you avoid the hassle of dealing with separate financial
statements from several sources because your consolidated
monthly statement will help you keep track of all
your financial assets.
* Based on a child
aged 4 years, sum assured of S$100,000 and a 14-year
premium term. The first and second payouts will be
40% of the sum assured, while the third payout will
be 20% of the sum assured plus projected bonuses.
+ The return is guaranteed
by John Hancock Life Assurance Company Limited and
not Citibank, N.A.
** This plan is a
participating policy and hence will be entitled to
projected bonuses. The projected bonus will depend
on the profits of the insurance company and will be
declared annually.
*** Based on a child
aged 1 year, sum assured of S$100,000 and a 20-year
premium term.
Important Note
This insurance plan is underwritten by John Hancock
Life Assurance Company Limited. This insurance product
information contained herein is for general information
only and is not a contract of assurance. The specific
details applicable to this insurance plan are set
out in the policy contract. This insurance product
distributed is an obligation only of the insurance
company. It is not a bank deposit or an obligation
of or guaranteed by Citibank, N.A., Citigroup Inc.
or any of its affiliates or subsidiaries.
Buying a life insurance policy is a long-term
commitment. An early termination of the policy usually
involves high costs and the surrender value payable
may be less than the total premium paid.
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|
Endowment
