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Compare Lifetime Income Plan Singapore

We Compare over 15 Providers to get you the best Lifetime Income plan in Singapore

Learn about the different lifetime income plans and compare lifetime income plans from different insurers to find the plan that best suits your needs.

lifetime income plan

Why Get a Lifetime Plan?

Protect, Accumulate, Transfer All in One

Lifetime of Income

As the name says it, you will receive a lifetime of income if you maintain the policy

Lump Sum or Regular Pay

Choose between a lump sum or regular paying premium

Wealth Preservation

The lifetime income plan has a wealth preservation theme that will preserve your wealth while paying you an income, a part of or the full principal are guaranteed upon death or termination of the plan

3 Generation Legacy Solution

Buy it on the life of your loved one and start drawing income, so when you passed on, they will have the option to continue drawing the income or surrender them for a lump sum. Upon their death, the death benefit will be paid out to their beneficiaries.

Compare and Get Quotes from Different Lifetime Income Plans Providers

These are the plans we can help you get quotes for and get you the best offer

Lifetime Income Plans

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Other Features of Lifetime Income Plan

real financial planning

Partial Surrender

Certain plans have a partial surrender feature after keeping the policy for certain years, this will allow you to withdraw part of the principal and withdraw a lower amount of income. This provides liquidity

Secondary Life Assured

Allows your plan to be transferred to a third party so the other party can enjoy the fruit of your labour whether you are around or not

Leverage

Certain insurer work with banks to give policy owner the option to finance a portion of their premium. Policy owner will only need to service the interest and can pay back the principal anytime.

What should you look out for when buying Lifetime Income Plan?

  • Pay attention to the years it will take for your principal to be guaranteed
  • If you’re taking financing, take note that interest rates are always variable
  • 3% & 4.25% p.a. projections are not guaranteed and are standard projected returns across all insurer’s participating fund product.

The biggest advantages of getting a Lifetime Income plan is the option to receive income for life while maintaining your principal.

Get Lifetime Plan Quotes

Our MAS-Licensed Partner will provide you with objective advice and help you compare insurance quotes from different providers. 100% Free & No Commitment. Retrieve your info using your singpass app or manually fill in the form below.

Frequently Asked Questions

A Lifetime income plan is a plan within the endowment universe that provides policy owner with a lifetime income while having part or all the principal intact during the pay-out period. In an annuity like structure, the plan also provides death benefit should the life assured passed on during the policy term.

You should consider if you prefer a stream of income that can last you for life in a way where your principal and income stream are partially or fully guaranteed

Most Lifetime income plans provide principal and interest guaranteed after a certain years if the as shown on the benefit illustration, there are some with partial principal guaranteed.

Usually there will be a portion of the income that is guaranteed by the insurer.

Yes you may reinvest the income pay out if you don’t need it at a prevailing bonus interest rate declared by the insurer each year

Yes. However, you might suffer a loss of principal if the termination comes early on during the contract.

It depends, financing your plan expose you to two major risks. Interest rate risks and risks of losing your principal. The interest rates are usually variable and may cost more than the pay out from the plan during a high interest rate environment. Certain product does not guarantee your principal for life or many years into the plan, hence if you were to surrender the plan to repay the financing company you may still lose money.

Click on get quotes and an expert and seasoned financial advisor will provide you with objective advise and get you quotes from different companies to compare. 100% free & no obligation.

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