Gro Retire Flex Pro II
Income Insurance
Category
Retirement
Coverage
Death, Terminal Illness
Coverage Term
Up to age 100
Overview
Gro Retire Flex Pro II is an insurance savings plan with the flexibility that lets you enjoy a steady stream of income when you retire. Choose your premium payment terms, set how long you would like to receive your payouts, and you even have the flexibility to shorten or extend the accumulation period by up to 5 years to tailor your retirement timeline and adjust when your cash payouts begin.
Key Features
- First in Singapore to allow the adjustment of when your cash payouts begin if you decide to retire earlier or later.
- Steady stream of income (monthly) during your retirement.
- Option to accumulate or enjoy your cash payouts.
- Flexibility to choose when to retire.
- Wealth accumulation continuity with a secondary insured.
- Guaranteed acceptance regardless of health condition.
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.
