AIA Platinum Heritage - AIA Singapore

Scenario 2: Estate equalisationMr. Lim has 3 children. His second son and his daughter haveestablished careers outside the family business. Only his eldestson is interested in taking over the family business to run it.His daughter is married and lives in her family home so thatshe can take care of her parents. These conditions make itcomplicated for Mr. Lim to ensure a fair and equal distributionof his wealth after his passing.US$17mMr. Lim purchases an AIA Platinum Heritage at the age of 50which provides an immediate estate of US$10m with a singlepremium of US$3m for estate planning purposes. This booststhe total value of his assets, and facilitates the equaldistribution of US$8m to each of his three children fromthe insurance proceeds.Family BusinessOther AssetsFreehold PropertyTotal Assets:US$8mUS$4mUS$5mUS$17mWithout AIA Platinum HeritageDaughterFirst SonFamily BusinessUS$8mUS$17mFirst SonDaughterFreehold PropertyUS$5mSecond SonOther AssetsUS$4mSecond SonTotal Assets withoutAIA Platinum HeritageUS$17mWith AIA Platinum HeritageFirst SonFamily BusinessUS$8mSecond SonUS$24mFirst SonDaughterFreehold PropertyInsurance ProceedsSecond SonOther AssetsInsurance ProceedsUS$5mUS$3mUS$1mUS$7mTotal Assets withAIA Platinum HeritageUS$24mDaughter