WHY IS GJA SO ATTRACTIVE?

• Guaranteed protection increment - when the plan is converted into a fully paid-up whole life plan at the end of the 10th policy year, the Junior Advantage Rider Series 2 (JAR) will be terminated and the death and maturity benefit of the basic policy will be revised to 150% of basic sum assured.
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• Only need to pay for 10 years - When the policy is converted into a fully paid-up whole life plan, there is no need to pay premium after that but still enjoy the protection up to age 87
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• Yearly income receivable - starting from the end of the 10th year, the policyholder will get a constant income of a guaranteed 4.25% (of Basic Sum Assured ) plus a non-guaranteed 3.25% cash bonus every year. This serves like an annuity which can provide the basic living expenses. This income stream works like a pension scheme - you receive a constant payment as long as you live.
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• Attractive maturity benefit - When the life assured passed away, the beneficiaries will receive the death benefit which is definitely more than the total premium paid. If the life assured can live up to age 87,he/she can still get a maturity benefit plus terminal bonus which is a few times more than the total premium paid.
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• Force saving and force spending features - when you committed in such a saving plan, you need to pay the premium for 10 years consecutively. It forces you to save because if you don’t pay the premium, you might jeopardize the policyholder’s benefit. After 10 years, the income receivable is also not in a lump sum. This will tend to control your spending habit and make you do the right budgeting. This is the basic principle of being financially free — save as much as possible in the shortest time, and then spend accordingly for a longer period of time that won’t reduce the principle amount saved.