fbpx
China Life Lifetime Income Plan Review Singapore

China Life Lifetime Income Plan Review: Securing Your Financial Future

Welcome, dear readers, to a comprehensive review of the China Life Lifetime Income Plan. In this article, we’re going to delve deep into the details of this financial gem, ensuring you get the insights you need to make an informed decision for your financial future. So, grab a cup of your favorite beverage, sit back, and let’s embark on this journey to discover the benefits, flexibility, and guarantees that the plan has to offer.

China Life Lifetime Income Plan: Your Financial Safety Net

Are you concerned about your financial future? Worried about market fluctuations and the unpredictability of life? Fear not, for the China Life Lifetime Income Plan is here to put your mind at ease with its 100% capital guarantee. Yes, you read that right – a guarantee that your hard-earned money is safe and sound.

Safety Net

Table 1: Capital Guarantee

Guarantee Percentage
Capital 100%

Lifetime Yearly Income: Your Freedom to Choose

Picture this: a yearly income stream that’s as dependable as the sunrise, giving you the flexibility to use it as you see fit. That’s precisely what the China Life Lifetime Income Plan offers – a yearly income that you can tailor to meet your unique needs and aspirations.

Freedom

Table 2: Lifetime Yearly Income Options

Income Options Flexibility
Yearly Payout Customize how you use your yearly income

Premium Payment Flexibility: Your Way, Your Terms (China Life Lifetime Income Plan)

Your life, your choices. The China Life Lifetime Income Plan understands that one size doesn’t fit all. You can select from a range of premium payment terms, whether it’s a single premium or a span of 5, 10, 15, 20, or 25 years. It’s all about what suits you best.

Flexibility

Table 3: Premium Payment Options

Payment Terms Options
Premium Payment Single, 5, 10, 15, 20, 25 years

Legacy Planning: Secure Your Family’s Future with China Life Lifetime Income Plan

Life is unpredictable, and we can never be too prepared. With the China Life Lifetime Income Plan, you’re not just securing your future; you’re creating a legacy for your loved ones. In the unfortunate event of your passing or a terminal illness diagnosis, the plan steps in, providing your beneficiaries with a death benefit and potential bonuses to navigate unexpected financial challenges.

Legacy

Table 4: Legacy Benefits

Scenario Benefits Provided
Passing Away Death Benefit + Bonuses
Terminal Illness Financial Support for Treatment
(early access to the death benefit)

Hassle-Free Application: Simplicity at Its Best

No one likes complex and time-consuming processes. With the China Life Lifetime Income Plan, signing up is a breeze. There’s no need for a medical check-up – just a straightforward, hassle-free application.

Application

Table 5: Application Process

Application Process Simplified and Quick
Medical Check-up Not Required

China Life Lifetime Income Plan Offers Tailored Coverage: Your Peace of Mind

Life is all about choices, and this plan gives you plenty. You can personalize your coverage by adding riders to your basic plan, offering even greater peace of mind. Let’s take a look at some of the options:

  1. China Life Payer Benefit Rider: This rider waives future premium payments for your basic plan and its riders upon death or if you are diagnosed with total and permanent disability (TPD) or terminal illness (TI).
  2. China Life Enhanced Payer Benefit Rider: Similar to the Payer Benefit Rider, this one steps in to waive future premium payments on your basic plan and its riders in the event of death, total and permanent disability (TPD), and on top of that, a diagnosis of any of the 36 critical illnesses (CIs).
  3. China Life Premium Waiver Rider for its Lifetime Income Plan: This rider takes care of future premiums for your basic plan and its riders if the life insured is diagnosed with total and permanent disability (TPD) or any of the 36 critical illnesses (CIs).

Riders

Table 6: Rider Options

Rider Benefits Provided
Payer Benefit Rider Premium waiver upon death or disability
(D/TPD)
Enhanced Payer Benefit Rider Waives premium payments upon death or disability or critical illness
(D/TPD/CI)
Premium Waiver Rider for Waiver of premiums in case of disability or critical illness
(TPD/CI)

A Real-Life Example: China Life Lifetime Income Plan

To put things in perspective, let’s consider Mr. Tan, a 40-year-old individual looking to secure his retirement income. Mr. Tan opts for the China Life Lifetime Income Plan and chooses to receive the yearly income payout. If, at the age of 85, he passes away, the total illustrated payout would be S$177,629. This includes the Total Illustrated Death Benefit of S$84,149 and the Total Illustrated Yearly Income Payouts of S$93,480.

Example

Table 7: Mr. Tan’s Illustration

Age Event Payout
85 Passing Away S$177,629
China Life Lifetime Income Plan Review Example
Source: China Life Insurance (Singapore)

Takeaway: Is the China Life Lifetime Income Plan Right for You?

In conclusion, the China Life Lifetime Income Plan is a financial instrument that not only offers security and guarantees but also the flexibility to adapt to your unique circumstances. It’s a smart choice for those who want to safeguard their financial future and provide for their loved ones, all while enjoying the peace of mind that comes with 100% capital guarantee.

So, why wait? Take control of your financial destiny and explore the best lifetime income plan today. Remember, securing your future has never been this easy and rewarding.

Can’t decide on a lifetime income plan? Reach out for a tailored insurer comparison!
Disclaimer
  • MoneyLine.sg is an independent information provider. It is not a bank or financial services provider and cannot give direct financial advice.
  • All Sample Premium results if shown are based on the criteria indicated and MoneyLine.sg does not warrant or guarantee that anything written here is accurate, timely, or relevant to the solution of any problem you may have.
  • Contents are intended as general information only and do not consider financial situation or need of any user or reader, any specific person or group of persons. It does not constitute advice nor does any part of the content constitute an open offer capable of forming the basis of a contract.
  • Moneyline.sg works with Synergy Financial Advisers to present these contents. Synergy Financial Advisers makes no representation or warranty as to its adequacy, completeness, accuracy or timeliness for any particular purpose. All information provided is not intended to be and does not constitute financial advice, insurance advice or any other advice or recommendation of any sort offered or endorsed by Synergy Financial Advisers.
  • Promotions indicated on this page may not be accurate and may be subjected to changes by providers without warning. Moneyline.SG does not take responsibility for the accuracy of the information shown in this content.
  • You are recommended to seek financial advice from a qualified financial advisor for product suitability and its latest premium rates quotation before deciding to purchase the product. In the event you choose not to seek advice, you should consider if the product is suitable for you.
  • Without prejudice to the generality of this, MoneyLine.sg Pte Ltd specifically excludes liability for any loss or damage no matter how arising from the use of this Web Portal or of any information or services provided through this web portal.
  • Please read our full Disclaimer on the use of our website.
×