Investment-linked takaful plans

FWD Legacy Plan is an investment-linked (IL) takaful plan that allows you to achieve a right balance in your protection needs and investing monies to build a legacy for your family with minimum sum covered of RM 100,000. 

It also can be tailored to your individual goals, like being able to leave a gift of money for the person or the cause you desire.

First step: Assess how you would like your legacy to be distributed

The rate with which daily cost of living is rising is very much likely to dent the value of your savings. So if you want to provide for a reasonable financial security then you may want to consider the FWD Legacy Plan to enhance your legacy . 

Second step: Balance your objectives and principal considerations 

When it comes to investing for legacy planning, you should clearly assess your financial capacity and weigh it with your willingness to take risk as well as type of risk(s). It’s important as investing in an Investment-Linked Takaful plan is a long term commitment. 

Capacity: Time horizon, financial situation

Willingness: Investment objective, risk tolerance, attitude to risk

Here are 4 key personality traits which help you to evaluate which fund choices you can choose, and assess what kind of investor you are.

Accumulators: 

1. Keenly interested in accumulating wealth.

2. What to steer investment decisions.

3. Confident of the investment decisions they take.

Followers

1. Likes to follow friends or new investment fad.

2. May lack interest or knowledge in investing.

3. Decision making process often lacks long term planning.

Preservers

1. Emphasize financial security.

2. Anxious about losses and short term performance.

3. Fear of making wrong investment decisions.

Independents

1. Hold original ideas and like to be involved in the investment process.

2. Often very analytical and critical thinkers.

3. May exhibit bias in decisions due to own research.

Your contribution depends on the following criteria regarding the family members covered under the certificate: 

• Age 

• Health status 

• Smoker status 

• Gender 

• Amount of coverage 

• Term of coverage

• Occupation

• Payment frequency