[ADV] AmCash Guarantee 21 Plus, AmAssurance

I always think I do not need an insurance policy albeit I know how important it is for us. Reason being is that, all my hard earns would go into the drain if say nothing happens to me *touch wood*. But of course I wouldn’t want anything happen to me! Even if so, there is nothing much I can do with the compensation since one is only insured if he/she is permanently disabled, died etc.

But my perception changed since I came across this product offered by AmLife Insurance namely AmCash Guarantee 21 Plus.
You are not only insured from death, permanent disability or upon diagnosis of one of the 36 critical illnesses, you get to enjoy a cash payout of 8% of sum assured at the end of the 3rd policy year and 10% of sum assured at subsequent 3 yearly intervals starting from the 6th policy year until the 18th policy year. And the best thing is, you will receive you will receive 42% of the sum assured + accumulated benefits + accumulated cash dividends (if any), terminal dividends (if any) after completion of 21 full policy years. Not only your life is protected, you get to benefit from what you have invested!

So now you might want to know how will you be benefitting from the amount you have paid. Like I mentioned, you get an 8% cash payout after 3rd full policy year and 10% cash payouts after completion of each of 6th, 9th 12th 15th and 18th full policy year. These cash payments are GUARANTEED! Not only that, cash dividends will be distributed annually from 1 year onwards provided that the performance of participating fund is good. In other words these cash dividends are NON GUARANTEED. To me, this is still better than none :P Also, you have the option to use the dividends to offset future premiums, or leave the cash dividends with the company to accumulate with interest, or receive the cash dividends in form of cash. If you have not chosen any option, the cash dividends will automatically be left with the Company to accumulate with interest (at a company determined rate).

So what if a person insured dies or is disabled or is diagnosed with one of 36 critical illnesses half way during the 21 years policy term? A lump sum payout will go to your nominated beneficiary (if there is any).

If you are asking me about the premium they charge. For a 21-year policy term, it is rather reasonable I would say. You pay a level premium; i.e.Your basic premium does not fluctuate. It remains the same throughout the entire duration of your protection plan.

With all the above highlighted benefits, I find no reason to not purchase in this life insurance policy. Protection plus dividends (although it is not guaranteed but still better than nothing)!

Head on to http://www.amassurance.com.my/src/html/am_phase2/life/product_life.php?htmlfile=l_amcash.html to checkout more on AmCash Guarantee 21+