AIA Platinum Heritage - AIA Singapore

AIA PLATINUM HERITAGE 05Protect your assets and enable anequitable distribution of your wealthWith the success you enjoy today, your wealth is likely to comprise several assets such as property, equitiesand a family business. How do you ensure a fair and harmonious distribution of your wealth to address yourlegacy planning needs?Scenario 1: Asset protectionProtect your assets with AIA Platinum HeritageMr. Ong’s total wealth is valued atUS$23m and he plans to leave an equalamount of US$8m to each of his threechildren. His wealth is made up of anumber of assets, which includes afamily business.US$23mFamily BusinessInvestmentsCashFreehold PropertyTotal Assets:US$9mUS$5mUS$5mUS$4mUS$23mWithout AIA Platinum HeritageIn the event of a financial crisis, and should Mr. Ongpass on, his assets would be significantly affectedand his family may come under pressure to liquidatepart of his investments and property, which wouldresult in a great loss of value of their father’s legacy.With AIA Platinum HeritageMr. Ong purchases an AIA Platinum Heritage plan forUS$3m when he turns 50. When he passes on, hischildren will receive insurance proceeds of US$10m– which provides cash flow to support the familybusiness in the short term.Furthermore, these insurance proceeds enableMr. Ong’s children to maintain an optimum lifestyle,without having to force-sell or liquidate his assets ata time when market conditions are far from ideal.US$17mUS$24mFamily BusinessInvestmentsCashFreehold PropertyTotal Assets:US$8mUS$3mUS$3mUS$3mUS$17mFamily BusinessInvestmentsCashFreehold PropertyInsurance ProceedsTotal Assets:US$8mUS$3mUS$0mUS$3mUS$10mUS$24m