Singlife Flexi Life Income II
Singlife
Category
Whole Life
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.
Whole life insurance offers coverage for life and is commonly used for protection and legacy planning. This is unlike term insurance that only provides coverage for a specified period. Plans are usually offered on a participating basis and will accumulate cash value, allowing you to cash out should the need arise.
