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Singlife Flexi Life Income II

Singlife

Category

Savings

Coverage

Death, Terminal Illness

Coverage Term

Whole Life

Overview

Singlife Flexi Life Income II is a savings plan that facilitates wealth accumulation. Plan is 100% capital guaranted and provides a lifetime of yearly pay-outs with non-guaranteed bonuses. Choose to pay via Cash or SRS (Single premium only).

Key Features

  • 100% Capital guaranteed.
  • Receive yearly cash pay-outs of up to 5.2% of your sum assured.
  • Enjoy the flexibility of choosing when to start receiving cash pay-outs.
  • Pay-outs increase by 0.5% of your sum assured starting from 20 years after your first income payout or when you turn 60, whichever is later.

Earn up to 45% commission rebates*

*For eligible insurance plans only

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Understanding Savings Plan

Endowments, also known as savings plans, require the policyholder to pay a fixed amount for a specified time period (e.g. one-off payment or regularly for 5 to 25 years) and are seen as a disciplined way to save. Endowment plans are offered on a participating basis and will accumulate cash values. You may either receive these cash values at designated policy years or at maturity of policy. Endowments also allow you to surrender your policy and cash out should you urgently require cash.

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