Most of life’s milestones don’t happen by chance. Be it learning how to ride a bicycle for the first time as a kid, collecting the keys to your first home or starting your own family, achieving your dreams takes effort, and most importantly, intent.

Similarly, financial planning works best when you know what you are planning for. By taking a measured approach to achieve your goals, you’ll be better equipped at sieving out what works best for your needs. Even among Investment-Linked Plans (ILPs), some could work well for you while others may not. Which ILPs would help you reach your goals?

Read on as we share more on goal-based investing and how to identify an ILP that works best for you.

What is goal-based investing?

As its name suggests, goal-based investing is saving or investing with the purpose of achieving a specific life goal. Unlike traditional investing where the only measurement of success is achieving the highest yields, goal-based investing measures success based on whether your personal life goals have been met.

This includes personal goals such as building your retirement funds, saving for your child’s education, or even purchasing a new home for that matter. Consequently, your investment strategy will then depend on what your goals are.

For example, someone who is retiring in a few decades might invest more aggressively, while someone who is retiring in a few years would be more conservative and focus on wealth protection. As you can tell, there is no one-size-fits-all approach. Rather, the best investment strategy is one that takes your needs and goals into consideration.

How ILPs can help you meet your financial goals

It’s very likely that someone in their 20s would have different goals compared to a person in their 40s. After all, your needs will change as you progress through life and move on in your career and relationships.

Depending on what life stage you are in, here’s how investing in an ILP can help you meet your goals.

IN YOUR 20S TO 30S

Some may say this is the prime of your life. It’s filled with exciting milestones from starting a new career, getting married, and for some, getting their first vehicles. More importantly, this is also the time when you start earning your own money.

While it may be tempting to splash out on things as you enter an enticing new world of financial independence, this is actually the best time to start saving and protecting yourself with insurance coverage.

With time on your side, you can leverage on a longer time horizon to grow your savings with much less effort and capital, as opposed to someone starting later. Health and life insurance are also important to protect your finances, and you should get these when you’re still young and healthy.

With its investment and protection components, ILPs can help you build up your savings while giving you the protection you need. In particular, Etiqa’s range of ILPs comes with bonus units that give you a headstart on your investments. They also protect against Death (if applicable) – a boon when you have elderly parents or young children relying on you.

IN YOUR 30S TO 40S

At this stage, it’s time to start planning for retirement and building up your financial reserves. Yes, even if you are starting your own family now, and especially if you are a parent with different obligations competing for your time and money.

Putting yourself first now may be more beneficial to your children in the long run. While you’re encouraged to put aside a sum of money for your retirement each month, you can keep a portion of it in flexible holdings for easy access in emergencies.

Meanwhile, if you’re planning for your children’s university education, ILPs can help you save more with their potentially higher returns and bonus investment units.

Both Etiqa’s Invest achiever and Invest builder come with a start-up bonus¹ of up to 64% of annual premium in your first 2 years of investment, among other bonuses.

IN YOUR 40S TO 50S

This time period would likely be your last burst towards retirement. It’s time to intensify your efforts and close the gap if there is one. With its higher potential returns, ILPs can help you meet your retirement goals in less time.

All of Etiqa’s ILPs offer unlimited and free fund switching² to manage your portfolio volatility in line with market movements, as well as different packaged portfolios to suit your risk appetite and investment outcomes. You’ll also have access to exclusive reputable funds that are otherwise available only to institutional investors.

Meanwhile, Invest achiever  offers the option of receiving a monthly income¹ after your selected premium payment term, which you can use to boost your future retirement income after paying off the premiums during your prime earning years.

Which is the right ILP for you?

Etiqa offers a few ILPs to help you reach your goals. Find out how Invest achiever, Invest builder and Invest plus SP compare against each other.

Reach your financial goals with Etiqa today

It’s worth adding ILPs to your portfolio due to the potential returns, protection and flexibility that they can provide. With Etiqa’s range of ILPs, here’s what you can look forward to:

• Multiple bonus units to boost your investment
• Access to exclusive institutional funds
• Death benefit to protect your loved ones
• Guaranteed issuance with no health checks needed
• Free and unlimited fund switching²

Learn more about how Etiqa’s range of savings and investment plans can help you meet your goals today.

¹ Subject to applicable terms and conditions. Please refer to the policy contract for more information.

² We reserve the right to revise the fund switch charges (if applicable) by giving thirty (30) days’ written notice.

³ Please refer to the policy contract for more information.

Information is accurate as at 16 November 2022. These policies are underwritten by Etiqa Insurance Pte. Ltd. (Company Reg. No. 201331905K).

Invest achiever, Invest builder and Invest plus SP are Investment-linked Plans (ILP) which invest in ILP sub-fund(s). Investments in these plans are subject to investment risks including the possible loss of the principal amount invested. The performance of the ILP sub-fund(s) is not guaranteed and the value of the units in the ILP sub-fund(s) and the income accruing to the units, if any, may fall or rise. Past performance is not necessarily indicative of the future performance of the ILP sub-fund(s).

A funds summary and product highlights sheet(s) relating to the ILP sub-fund(s) are available and may be obtained from us via https://www.etiqa.com.sg/portfolio-funds-and-ilp-sub-funds/. A potential investor should read the product summary, funds summary and product highlights sheet(s) before deciding whether to subscribe for units in the ILP sub-fund(s). As buying a life insurance policy is a long-term commitment, an early termination of the policy usually involves high costs and the surrender value, if any, that is payable to you may be zero or less than the total premiums paid. You should seek advice from a financial adviser before deciding to purchase the policy. If you choose not to seek advice, you should consider if the policy is suitable for you. This content is for reference only and is not a contract of insurance. Full details of the policy terms and conditions can be found in the policy contract.

These policies are protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the Life Insurance Association (LIA) or SDIC websites (www.lia.org.sg or www.sdic.org.sg). This advertisement has not been reviewed by the Monetary Authority of Singapore.