Our Solutions – Singapore

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OUR SOLUTIONS

Utmost Wealth Solutions provides insurance-based solutions to high net worth clients who want to sustain and pass on their wealth. Life insurance is a robust and proven solution, which assists in financial planning, enabling clients to pass on their wealth in a controlled manner.

Wealth solutions is our core business. We employ focus, scale and technical expertise to safeguard our clients’ wealth.

SILK LIFE PLAN –
HIGH LEVEL OF PROTECTION WHILE ENJOYING GLOBAL INVESTMENT OPPORTUNITIES AND RETAINING CONTROL

The Silk Life Plan is issued by Utmost International Isle of Man Limited Singapore Branch (“Utmost International”). It provides a high level of life cover, ensuring cash can be readily made available to your beneficiaries without compromising on opportunities for investment growth. It also provides the flexibility to meet the evolving wealth planning needs of accredited investors in Singapore.

Key Features

  • Flexibility to choose the two life cover options: Life Cover Only or Life Cover Plus
  • Minimum initial premium: S$350,000/US$250,000/£175,000/€200000 or currency equivalent
  • Minimum sum assured: S$1,400,000/US$1,000,000/£750,000/€800000 or currency equivalent
  • For Life Cover Only, the sum assured must be at least S$1,050,000/US$750,000/£575,000/€600000 or currency equivalent, above the initial premium
  • Option to use custodian arrangement of your choice, and continue to enjoy the services that your current relationship manager or custodians provide you

In the unlikely event of insolvency, plan holders are protected under the Isle of Man Life Assurance (Compensation of Policyholders) Regulations 1991. Compensation for clients is up to 90% of their investment value less any applicable charges.

Utmost International Isle of Man Limited Singapore Branch is a member of the Policy Owners’ Protection Scheme (PPF Scheme) in Singapore. This policy is protected up to specified limits by the Singapore Deposit Insurance Corporation (SDIC). Details of the PPF Scheme can be obtained at SDIC website on www.sdic.org.sg.

Product Literature

EXECUTIVE INVESTMENT ACCOUNT –
INVESTMENT FREEDOM THROUGH WIDER CHOICE

The Executive Investment Account is issued by Utmost International Isle of Man Limited Singapore branch (“Utmost International”). It is an investment-linked life assurance policy designed for the international investors and Singapore Accredited Investors. It’s a single premium, offshore bond which allows you to maximise market opportunities by holding and consolidating a wide range of investment in one place.

Simply invest a lump sum of S$100,000/US$75,000/£50,000/€75000 or more (or currency equivalent) to start the plan. Additional lump sums of S$10,000/US$7,500/£5,000/€7500 or more (or currency equivalent) is allowed, subject to approval.

In the unlikely event of insolvency, plan holders are protected under the Isle of Man Life Assurance (Compensation of Policyholders) Regulations 1991. Compensation for clients is up to 90% of their investment value less any applicable charges.

Utmost International Isle of Man Limited Singapore Branch is a member of the Policy Owners’ Protection Scheme (PPF Scheme) in Singapore. However, the policy issued by Utmost International (where no additional life cover purchased) is not covered under the PPF Scheme. Details of the PPF Scheme can be obtained at Singapore Deposit Insurance Corporation Limited’s website on www.sdic.org.sg.

Product Literature

FOCUS –
A MODERN APPROACH TO LONG TERM REGULAR SAVINGS

Focus is a regular contribution plan issued by Utmost Worldwide Limited, Singapore Branch. It is a whole of life investment-linked plan (“ILP”) suitable for investors with a medium to long-term investment time horizon, with a death benefit of 101% of the investment value of the plan following the death of the applicable life assured.

It provides access to a range of lower cost investment funds to help you achieve your investment goals. The plan also allows a flexible choice of commitment period from 3 years to 15 years. It will give you a Commitment Reward of up to 5% of regular contributions paid if you meet the required commitment.

As a plan holder, you benefit from Guernsey’s ‘policyholder protection regime’ imposed by the Guernsey Financial Services Commission (“GFSC”) under the Insurance Business (Bailiwick of Guernsey) Law, 2002 (as amended).  The GFSC requires insurers to place at least 90% of the assets that support all its liabilities to plan holders on trust with an approved Guernsey based independent trustee.

Product Literature

If you are looking for historic product literature, contact us using the details provided on the customer support page.

How can we help?

To find out more about solutions available in Singapore, contact our sales team.

For Silk Life and Executive Investment Plan:

SALES

For Focus:

SALES

CUSTOMER SUPPORT

For Silk Life Plan, Executive Investment Account, Flexible Investment Account and Investment Account:

CUSTOMER SUPPORT

For Focus, Vision, Choice and Professional Portfolio:

CUSTOMER SUPPORT

ONLINE SERVICE CENTRE

To manage your plans/policies online, login to your relevant online account:

Online Services