What is Mortgage Settlement?
Mortgage settlement ensures that your home and outstanding debts are fully covered in
the event of unexpected life events such as death, total and permanent disability (TPD),
or accidental death. With proper coverage, your loved ones can continue living
comfortably without the financial burden of mortgage repayments or other debts.
Why is it Important?
As representatives of Great Eastern Life Malaysia, Heroes FP Network provides access
to mortgage settlement solutions that protect your family from financial strain caused
by unforeseen circumstances. This protection gives you peace of mind knowing that
your mortgage or other debts can be settled even if you are unable to continue
payments due to death, disability, or accident.
Plans for You and Your Family
SmartProtect Sure (SPS)
A long-term protection plan designed to safeguard your mortgage or outstanding debts
while providing financial security for your loved ones.
Key Benefits:
- High Protection Against Life’s Unexpected Events: With coverage starting from
RM500,000, SmartProtect Sure provides your loved ones with sufficient financial
resources to handle unexpected events like death, TPD, and accidental death.
- Extra Safety Net of 1% Additional Sum Assured Each Year: Your sum assured
grows by 1% every completed policy year throughout your coverage period, up to
a maximum of 30 years.
- Guaranteed Insurance Charge Rates: SmartProtect Sure and its attachable
riders come with insurance charge rates that remain unchanged throughout your
policy term.
Additional Benefits:
- Flexible Long-Term Coverage: SmartProtect Sure provides protection for 30
years or until you reach age 70 next birthday, whichever comes later, with the
option to choose a premium payment term of 5, 10, 20, or 30 years to suit your
financial plan.
- Milestone Rewards for Policy Maturity: Upon policy maturity, receive 100% of
your total investment value (less any indebtedness, if applicable) along with a
maturity booster of 12% of the basic sum assured to celebrate your financial
milestones.
- Flexible Plan Conversion at Maturity: When your SmartProtect Sure plan
matures, you have the option to convert it into a level sum assured endowment
or a whole life policy, ensuring continued financial protection.
- No-Lapse Guarantee for Policy Security: SmartProtect Sure includes a No-
Lapse Guarantee during the first 6 policy years, ensuring your plan remains
active even if the total investment value drops to zero, provided premiums are
paid consistently and no withdrawals are made within this period.
- Financial Flexibility for a Secure Future: Enhance your family’s financial
security by increasing your policy’s investment value through optional single
premium top-ups, providing additional resources for their future needs.
With SmartProtect Sure from Great Eastern Life Malaysia, you can ensure that your
mortgage is settled, and your family’s financial security is protected, providing peace of
mind and stability during life’s unexpected challenges.
