
ePREMIER eternity presto |
TM Retirement GIO |
TM Retirement PaycheckLife |
RetireReady |
Guaranteed Life Annuity |
|
Insurer |
Etiqa Insurance |
Tokio Marine |
Tokio Marine |
Manulife |
NTUC Income |
Premium payment term |
Single Premium |
5, 10 or 15 years |
5, 10 or 15 years |
5, 10 or 20 years or single premium |
Single premium |
Retirement/ Pay-out age |
Starts from first policy anniversary |
Age 55, 60 or 65 |
Age 55, 60 or 65 |
Age 55, 60, 65 or 70 |
Pay-out can either start immediately or be deferred to no later than age 65. However, for plans bought with SRS, annuity pay-outs cannot commence before the prevailing retirement age. |
Pay-out term |
Lifetime |
Lifetime, even if insured lives beyond 100 years old |
Lifetime, even if insured lives beyond 100 years old |
Up to 80 or 90 years or for life |
Lifetime |
Frequency of pay-outs |
Monthly |
Annually |
Monthly |
Monthly |
Choice of monthly, quarterly, half-yearly or yearly |
Payment method |
Cash |
Cash |
Cash |
Cash or SRS (only for single premium) |
Cash or SRS |
Surrender value |
Enjoy immediate liquidity of 80% of your single premium paid |
Surrender value is equivalent to 100% of total premiums paid at pay-out age and will remain level even after pay-out age |
Surrender value decreases after pay-out commences |
Surrender value decreases after pay-out commences |
Surrender value decreases after pay-out commences |
Option for Joint-life |
No |
No |
Yes |
No |
No |
Additional benefits |
1) Accumulate cash pay-outs with insurer to earn interest.
2) Lifetime additional guaranteed cash benefit every 15 years |
- |
- |
1) Accumulated annual bonus can either be paid in a lump sum at retirement age or as additional monthly income in addition to your guaranteed monthly income. 2) Loss of independence benefit provides 2X of guaranteed monthly income if loss of independence occurs during income pay-out period. 3) Future premiums waived upon Total Permanent Disability (TPD). |
- |
Breakdown of pay-outs |
Comprises of both guaranteed and non-guaranteed pay-outs. Monthly income increases with policy year. |
Comprises of both guaranteed and non-guaranteed pay-outs |
Comprises of 50% guaranteed monthly pay-outs and 50% non-guaranteed annual bonus |
Comprises of both guaranteed and non-guaranteed pay-outs |
Comprises of level guaranteed pay-outs and increasing non-guaranteed pay-outs |
Coverage |
Death |
Death |
Death |
Death |
Death |
For assurance: ePREMIER eternity presto
Receive monthly pay-outs and enjoy a peace of mind knowing that you have access to 80 per cent of your single premium should the need arise.
For a non-reducing surrender value: TM Retirement GIO and ePREMIER eternity presto
Upon reaching pay-out age, surrender value remains level throughout policy.
For long term care benefits: RetireReady
Future premiums are waived upon TPD. Also, insured will receive 2 times of the guaranteed monthly income given if he/she is unable to perform at least 3 out of the 6 Activities of Daily Living (ADLs).
For increasing pay-outs: Guaranteed Life Annuity and ePREMIER eternity presto
Receive monthly pay-outs that increase with age thus providing the insured with an increasing pay-out to combat inflation.
Available Annuity Plans: |
Etiqa Insurance - ePREMIER eternity presto Manulife - RetireReady NTUC Income - Guaranteed Life Annuity, Sail, VivoCash Tokio Marine - TM Retirement GIO,TM Retirement Paycheck Life, TM Retirement Secure, TM Retirement SP |
How FSMOne can help you get on track
Our team of friendly advisers are able to help you review your financial objectives, long term commitments, and offer you investment and insurance advice specific to your needs. If you would like assistance in reviewing your financial and protection portfolio, or simply to get a quote for an insurance plan,
Available Products on FSMOne Insurance |
Term Life, Whole Life, Critical Illness, Annuity, Health, Endowment from Etiqa Insurance, Manulife, NTUC Income and Tokio Marine Life Insurance *Please check with our advisory team if the product you want is available on FSMOne Insurance |
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