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Esteem Income II

Etiqa

Category

Retirement

Coverage

Death, Terminal Illness

Coverage Term

Whole Life

Overview

Secure a steady stream of income for retirement, or seamlessly pass it on from one generation to the next with this whole life insurance plan. Esteem Income II is a guaranteed issuance plan and provides coverage for death and terminal illness. Payout can be paid monthly or accrued with Etiqa at a non-guaranteed annual interest rate. You can also receive a lump sum benefit of guaranteed and non-guaranteed amounts payable when the original life insured attains 125 years old.

Key Features

  • Receive lifetime income starting from the end of the 13th policy month until policy maturity.
  • Plan is guaranteed issuance, no health checks required.
  • Receive a guaranteed surrender value of at least 80% of the single premium you paid.
  • Option to change life insured at any time after the 2nd policy year.

Earn up to 45% commission rebates*

*For eligible insurance plans only

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Understanding Retirement Plan

Annuities are a type of life insurance and are generally used for retirement planning with premiums paid for a specified period. Upon reaching your desired retirement age, pay-outs from your annuity will commence. Annuities allows individuals the option to receive a regular stream of income in retirement and are usually used to supplement CPF Life pay-outs and/or retirement savings.

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